Tag: PAPSS
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CBN announces revised PAPSS transactions documentation requirements
The Central Bank of Nigeria (CBN) has announced significant review of the documentation requirements for transactions conducted through the Pan-African Payment and Settlement System (PAPSS) in Nigeria. According to a statement by Hakama Sidi-Ali, CBN’s Acting Director, Corporate Communications Department,
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CIBN, PAPSS sign MoU to resolve payments-related barriers in continental trade
The leadership of the Chartered Institute of Bankers of Nigeria (CIBN) has signed a Memorandum of Understanding (MoU) with Pan- African and Payment Settlement System (PAPSS) in a bid to resolve payments-related barriers in the actualization of the African Continental Free Trade Area (AfCFTA). The MoU was signed between both organizations at the CIBN’s just-concluded…