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Tag "payment service banks (PSBs)"

EXPLAINER: 25% rural presence, can’t grant loans… what to know about payment service banks

    EXPLAINER: 25% rural presence, can’t grant loans… what to know about payment service banks

Last week, the Central Bank of Nigeria (CBN) granted approval-in-principle (AIP) to MTN Nigeria and Airtel Africa towards the process of commencing payment service banks (PSBs). The move is expected

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CBN orders PSBs to report suspicious funds with NFIU

    CBN orders PSBs to report suspicious funds with NFIU

The Central Bank of Nigeria (CBN) has directed all payment service banks (PSBs) in the country to file any suspicious transaction and report to the Nigerian Financial Intelligence Unit (NFIU).

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