news - Nigeria: CBN Initiates Bills To Improve Payment System

2012 Annual Conference and the 1st African SPM Conference

from 24/09/2012 to 29/09/2012

Kampala (Uganda)

The Africa Microfinance Network (AFMIN) will organize its 11th Annual Conference
and the 1st African SPM Conference in Kampala, Uganda, from September 24th to 29th, 2012

Discover job opportunities available and their contacts
Click here
More links
More links
Nigeria: CBN Initiates Bills To Improve Payment System
November 16, 2011

Nigeria Wed, 16/11/2011 (LeaderShip) - The Central Bank of Nigeria (CBN) has initiated a new set of bills that will help improve the regulatory environment for the execution of the proposed Financial System Stability (FSS2020).

The bills will be focused on improving the payment system, enhance financial inclusion and unleash both infrastructure financing and the long awaited housing revolution in the country.

The bills are Federal Mortgage Bank of Nigeria Act amendment Bill, Mortgage Incentives Bill, Payments Modernisation Bill, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) Bill, Securitisation Bill, Leasing Bill, and Warehouse Receipts Financing Bill.

Speaking yesterday in Abuja at a stakeholders’ workshop organised by the apex bank in collaboration with the World Bank, the coordinator, FSS2020 of the CBN, Alhaji Suleiman Barau, said the bills have been reviewed by the legal implementation committee of the FSS2020 and are ready for public review.

The vision of the FSS2020 programme is to make Nigeria’s financial system the fastest growing among the emerging markets, and to make the Nigeria Africa’s financial hub.

OTHER NEWS