CBN limits transactions on PAPSS by dealer banks to $200,000

The Central Bank of Nigeria (CBN) has pegged the amount of dollars to be transacted on the Pan-African Payment and Settlement System (PAPSS), at $200,000 per quarter by authorised dealer bank (ADB) and $20,000 per quarter for a customer. This was disclosed in a circular dated July 25, 2023, and signed by Ozoemena Nnaji, director
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