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Weekly Economic Index: Dangote Refinery gets crude, AFDB funds TADB, NIBBS new bank transfer policy

Banks to disconnect non-deposit financial institutions from money transfer channels

Banks To Disconnect Non-Deposit Financial Institutions From Transfer List

December 07, (THEWILL) - The Nigeria Inter-Bank Settlement System (NIBSS), has directed banks to disconnect all non-deposit financial institutions from its transfer list. The NIBSS disclosed this in a circular dated December 5, 2023, with Ref: NIBSS/BD/NI/PO/005/051223 to banks. According to the national payment infrastructure company, the listing of non-deposit-taking financial institutions as beneficiaries contravenes

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