Alert: Central Bank of Nigeria Circular PSM/DIR/CON/INM/10/145

Title: New License Requirements for the Payments System

Summary: Requests to financial institutions include submitting the necessary documents such as the Certificate of Incorporation, Memorandum & Articles of Association, Form CAC 2A and Form CAC 7A. They must also provide the company's audited financial statements for the preceding 3 years, proof of tax clearance for 3 years, and information on the company's ownership, business operations, and structure. All applications should be sent to the Payments System Management Department of the Central Bank of Nigeria in Abuja.

Posted on: Monday, May 24, 2021

Download: PSM/DIR/CON/INM/10/145