Regulatory Alerts2019-10-17 | PSM/DIR/GEN/CIR/01/016Added · Updated
Re:Implementation of the Cash-less Policy
The Central Bank of Nigeria has issued a circular to deposit money banks, informing them of the existing exemptions to the cash-less policy until March 31, 2020. These exemptions include revenue-generating accounts of governments, embassies, diplomatic missions, mobile money operators, and microfinance/primary mortgage institutions. The bank has directed the banks to ensure compliance with these exemptions.
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