CBN extends settlement banking arrangement to all clearing sessions

CBN extends settlement banking arrangement to all clearing sessions

The Central Bank of Nigeria (CBN) has extended settlement banking arrangement to all the clearing sessions with effect from January 2018. Consequently, the settlement of net clearing obligations from Central Securities Clearing System (CSCS), cheques, cards, ach, Nigeria Inter-bank Settlement System Instant Payment (NIBSS) NIP), NIBSS Electronic Funds Transfer (NEFT), and other clearing instruments shall…

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