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CBN raises capital base for payment service providers to N250m from N100m

The Central Bank of Nigeria (CBN) has raised the minimum capital requirement for payment solutions service providers (PSSPs) to N250 million from N100 million. This is contained in a circular

CBN revokes licences of seven payment service providers

The Central Bank of Nigeria (CBN) has announced the revocation of operating licences of seven payment service providers (PSP), and one switch operator. The apex bank, in an official gazette

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