In a recently released set of guidelines, the Central Bank of Nigeria (CBN) has stated that Payment Service Banks (PSBs) cannot accept foreign currency deposits or accept any closed scheme electronic value (e.g. airtime) as a form of deposit or payment. The aforementioned and...
The Central Bank of Nigeria (CBN) yesterday released the guidelines for the Nigeria Youth Investment Fund (N-YIF) with a take-off seed capital of N12.5 billion. The CBN also listed the NIRSAL Microfinance Bank (NMFB) as the eligible participating financial institution for the scheme. The sch...