Money

CBN Releases Revised 2018 Exposure Draft For The “Regulation On End-To-End Electronic Payment

January 30, 2019/CBN

The Central Bank of Nigeria (CBN) released the Guideline on End-to-End Electronic Payment of Salaries, Pensions, Suppliers and Taxes in Nigeria in 2014; referenced CBN/BPS/PS V/GEN/014/05 to enhance the adoption of electronic payments while ensuring stability in the Payments System.

Following a review of the initial Guideline, the CBN hereby issues the exposure draft of the Regulation on end-to-end Electronic Payment of Salaries, Pensions & other Remittances, Suppliers and Revenue Collection in Nigeria (Revised, 2018) for the review and feedback of Banks and Other Financial Institutions in Nigeria.

Kindly forward your comments, in hard copy to the Director, Payments System Management Department and soft copy to AMADAHMAN@cbn.gov.ng and OUNWOSU@cbn.gov.ng, on or before March 4, 2019.

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