Regulatory Alerts2017-12-22 | BPS/DIR/CIR/GEN/02/041Added · Updated
Re: Extension of Settlement Banking Arrangement to all the Clearing Sessions
The Central Bank of Nigeria has suspended a new policy that extended the settlement banking arrangement to all clearing sessions, which was set to take effect from January 2, 2018. The existing policy, introduced in April 2004, will remain in force, covering only sessions 1 and 2 for cheque and NEFT clearing instruments. This means that the settlement banking relationship will not be extended to sessions 0 and 3 as initially directed.
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