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


Wednesday, January 30, 2019 02:55 PM / Central Bank of Nigeria / Image Credits: Payments Afrika


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 and, on or before March 4, 2019.

Download Full Guidelines Here

Proshare Nigeria Pvt. Ltd.

Related News

1.           CBN Publishes Banknote Fitness Guidelines   

2.          CBN Deploys Consumer Complaints Management System Effective Jan 02, 2019

3.          Gov. Emefiele Outlines Policy Thrust for 2019; Woos Foreign Investors

4.          Financial Stability Report and Stress Test Results (UK) - November 2018

5.      Banks Accessed N956bn in Q3’18 Through CBN’s Standing Facilities Window to Square Up Their Positions

6.    Effects of G20 Financial Reforms On Infrastructure Finance Come Second Relative To Other Factors

7.          IOSCO Members Found Mostly Compliant With Principles for Commodity Derivatives Markets

8.        FSB, Bodies Publish Final Report on Effects of Reforms on Incentives to Clear OTC Derivatives

9.    Beginning Stress Testing’s New Chapter - An Intl’ Perspective On The Future Of Bank Stress Testing

10.  No Bank Was Referenced By CBN as NOT being Compliant with 30% Minimum Regulatory Liquidity Ratio

11.       CBN Reschedules November 2018 MPC Meeting to 21st and 22nd

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Related News