Alert: Central Bank of Nigeria Circular COD/DIR/INT/INM/003/042
Title: Guidelines for the Registration & Operation of Bank Neutral Cash Hubs (BNCH) in Nigeria
Summary: The attached guideline outlines the registration requirements and operational procedures for the Bank Neutral Cash Hub (BNCH) in Nigeria, which aims to provide bank-neutral cash withdrawal and deposit services to high volume/value cash transacting customers. The purpose of this service is to reduce both the risk and costs associated with currency management. The circular requests feedback and inquiries to be directed to the Director, Currency Operations Department, Central Bank of Nigeria.
Posted on: Monday, March 14, 2022
Download: COD/DIR/INT/INM/003/042