Tag: payments system

CBN to regulate indirect participants of payments system: What does this mean for financial institutions?

The Central Bank of Nigeria has issued regulations for the operation of indirect participants within the country's Payments System. The Apex Bank says the move is part of efforts to foster the development of an efficient and effective payments system in Nigeria. To unpack these regulations and their implication, Financial Services Consultant at IFC, Chidinma Lawanson joins CNBC Africa.