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Central Bank of Nigeria

End-to-end Electronic Payment of Salaries, Pensions & Other Remittances, Suppliers and Revenue Collections in Nigeria

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Author
Central Bank of Nigeria
Year
2011
Pages
11 pages

This regulation mandates end-to-end electronic processing of salaries, pensions, supplier payments, taxes, levies, social payments, penalties, recoveries, bills and other collections by CBN-regulated entities and covered stakeholders. It establishes responsibilities for the Central Bank, financial institutions, payment service providers, payers, beneficiaries and suppliers; requires approved…

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