Central Bank of Nigeria
Review of Documentation Requirements for PAPSS Transactions in Nigeria
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- Author
- Central Bank of Nigeria
- Reference No.
- TED/FEM/PUB/FPC/001/006
- Year
- 2025
- Pages
- 2 pages
This circular revises documentation requirements for PAPSS transactions in Nigeria. It permits the use of basic KYC and AML documentation for individual transactions below USD2,000 and corporate transactions below USD5,000 monthly, while retaining full foreign exchange documentation requirements above those thresholds. Applicants must provide regulatory…
