Showing posts with the label Nigeria Inter-Bank Settlement System (NIBSS)Show all
CBN, NIBSS, AND BANKERS COMMITTEE LAUNCH NATIONAL DOMESTIC CARD SCHEME.

CBN, NIBSS, AND BANKERS COMMITTEE LAUNCH NATIONAL DOMESTIC CARD SCHEME.

Clementina Egwolomena Ukiri Esq. - 2:35 PM

The Central Bank of Nigeria (CBN) in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS) and the Bankers Committee yesterday disclosed a plan to implement a National Domestic Card Scheme effective January 16, 2023. Also, it was revealed that the central bank’s RT200 FX policy which aims to raise $200 billion from foreign exchange (FX) earnings from non-oil proceeds over the next three to five years, has continued to yield dividends as it has recorded $1.2 billion in repatriation, $870 million sold through the Investors and Expo…