Banks Using Unaccredited Cheque Printers Risk N10m Fine - CBN
Deposit Money Banks risk a N10m fine and withdrawal of cheques from circulation if they engage unaccredited cheque printers, the Central Bank of Nigeria (CBN) has said.
The apex bank disclosed this in a circular dated...
Banks Dump Old Cheques, Customers To Obtain Revised Leaflets
Banks have notified customers that effective on Thursday (today), the old cheque leaflets will no longer be acceptable for clearing.
They also urged the customers to get the new revised cheque standard leaflets introduced by the Central...
Cleared Cheques Dip To N367bn
There is a drop in the volume and value of issued cheques to N367 billion in one month, thanks to customers’embrace of e-payment channels and less reliance on cheques.
Data from the Nigeria Interbank Settlement System (NIBSS) on cleared cheques showed...
