Central Bank of Nigeria
Re; Sanctions on Erring Banks, E-payment Service Providers for Infractions of Payments System Rules and Regulations
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- Author
- Central Bank of Nigeria
- Year
- 2018
- Pages
- 2 pages
This circular informs operators in Nigeria’s National Payments System that failures to apply for operating licence renewal three months before expiry, or to address the Bank’s observations during renewal processing within three weeks, will attract a daily penalty of N10,000.00. The provisions take effect on…
