CBN Approves Dollar Sales By Payment Service Banks   The Central of Nigeria (CBN) has released supervisory framework for Payment Service Banks. The framework among other things empowered the PSB operators to sell foreign currencies, especially dollars, to authorised foreign exchange dealers. The CBN framework also authorised...

CBN Bans Special Treatment For Payment Service Banks       The Central Bank of Nigeria has prohibited parent companies or any other related entities of a Payment Service Banks from offering any preferential treatment, which negates fair competition, to its subsidiaries. This was contained in a circular to...

CBN Issues Conditional Approval To Payment Service Banks   The Central Bank of Nigeria announced on Wednesday that it has issued an approval in principle to three Payment Service Banks. The three institutions issued the AIP to operate as payment service banks are Hope PSB, Money Master...