CBN Urges Banks to Source FX for PAPSS Settlement Through NFEM

Nigeriacommunicationsweek | 29-04-2025 12:12pm |

The Central Bank of Nigeria (CBN) has announced a comprehensive review of documentation requirements for transactions processed through the Pan-African Payment and Settlement System (PAPSS), aimed at enhancing intra-African trade, promoting financial inclusion, and improving operational efficiency for cross-border payments within Africa. In a press release issued on Monday, the CBN outlined key updates to [...]

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