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