• About
  • Contact Us
Thursday, March 23, 2023
The Gist Day
No Result
View All Result
  • Login
  • News
    • All
    • National
    Abia residents celebrate Otti’s victory with free drinks, fireworks

    Abia residents celebrate Otti’s victory with free drinks, fireworks

    Read Tinubu's Latest Letter To President Buhari

    Buhari declines assent to customs and excise amendment Bill

    INEC Failed To Upload My Name — Lagos Assembly LP Candidate, Olumide Oworu

    INEC Failed To Upload My Name — Lagos Assembly LP Candidate, Olumide Oworu

    Ripples as Ogun ex-permanent secretary, wife found dead in Lagos home

    Ripples as Ogun ex-permanent secretary, wife found dead in Lagos home

    Ooni Of Ife Makes His Acting Debut In Historic Nollywood Movie

    Ooni inaugurates National Orisa Day in Brazil

    Umahi APC PDP

    Ebonyi Civil Service Commission, UBEC, not dissolved – Gov Umahi

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
  • Business
  • National
  • Politics
  • Opinion
  • Tech
  • Gist & Jabs
  • Lifestyle
  • Entertainment
  • Health
  • Travel
  • News
    • All
    • National
    Abia residents celebrate Otti’s victory with free drinks, fireworks

    Abia residents celebrate Otti’s victory with free drinks, fireworks

    Read Tinubu's Latest Letter To President Buhari

    Buhari declines assent to customs and excise amendment Bill

    INEC Failed To Upload My Name — Lagos Assembly LP Candidate, Olumide Oworu

    INEC Failed To Upload My Name — Lagos Assembly LP Candidate, Olumide Oworu

    Ripples as Ogun ex-permanent secretary, wife found dead in Lagos home

    Ripples as Ogun ex-permanent secretary, wife found dead in Lagos home

    Ooni Of Ife Makes His Acting Debut In Historic Nollywood Movie

    Ooni inaugurates National Orisa Day in Brazil

    Umahi APC PDP

    Ebonyi Civil Service Commission, UBEC, not dissolved – Gov Umahi

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
  • Business
  • National
  • Politics
  • Opinion
  • Tech
  • Gist & Jabs
  • Lifestyle
  • Entertainment
  • Health
  • Travel
No Result
View All Result
Morning News
No Result
View All Result
Home Business

CBN Lifts Suspension On Cheque Clearance

Emmanuel Onminyi by Emmanuel Onminyi
April 28, 2020
in Business, Coronavirus, Economy, National, News
0
CBN COVID-19 BB Naija Biafra

Godwin Emefiele

0
SHARES
26
VIEWS
Share on FacebookShare on Twitter

The Central Bank of Nigeria, CBN, has lifted the suspension it placed on cheque instruments in the Nigerian clearing system, implying that cheque instruments will be allowed to pass through the clearing system from today, April 28.

READ ALSO: NCDC To Increase Nationwide Testing For Virus

READ ALSO

Naira scarcity: NLC plans to storm CBN offices nationwide

Abia residents celebrate Otti’s victory with free drinks, fireworks

CBN Director, Banking Services Department, Sam Okojere, in a circular to banks and Nigeria Interbank Settlement System, NIBSS, explained that the apex bank lifted the temporary suspension of cheque clearing in Nigeria to make payment efficient for customers.

Okojere revealed that the move is part of the CBN’s effort in the development of a safe and efficient payment system in Nigeria.

The Director said that the move to lift the suspension was taken by the CBN in collaboration with relevant stakeholders after reviewing the need for cheque clearing to accommodate users of cheque as one of the payment instruments in Nigeria, despite some lockdown in some states and Federal Capital Territory (FCT).

He, however, urged Deposit Money Banks to advise their customers accordingly on the latest development.

Last month, the Central Bank indefinitely suspended the clearing of cheque instruments in the Nigerian clearing system.

Okojere, in a circular to all Deposit Money Banks and the Nigeria Interbank Settlement System, NIBSS, said the directive became necessary due to the lockdown order issued by the President Muhammadu Buhari in Lagos, Ogun and the Federal Capital Territory.

The lockdown was to curtail the rise in the number of confirmed cases of the COVID-19 pandemic in the country.

Earlier, the apex bank said in view of the lockdown and in furtherance of its effort to ensure hitch-free clearing and settlement activities, there is a need to suspend the clearing of cheques instruments.

The circular with reference number BKS/DIR/GEN/ClR/O7/002 said that the suspension would commence from March 31.

According to the release, no fresh cheque instrument will be allowed to pass through the clearing system from today (March 31), except returned cheque till further notice.

Tags: CBNChequesCOVID-19Nigeria

Related Posts

NLC Appeals For Reinstatement Of 2,414 Teachers Sacked In Kwara
Business

Naira scarcity: NLC plans to storm CBN offices nationwide

March 23, 2023
Abia residents celebrate Otti’s victory with free drinks, fireworks
News

Abia residents celebrate Otti’s victory with free drinks, fireworks

March 23, 2023
Five Cheap CBN Loans Should Not Miss As A Business Owner
Business

Naira Scarcity: CBN promises to make old naira notes available to banks

March 23, 2023
Decision to redesign naira notes positive for economy – Experts
Business

Naira Scarcity: CBN orders banks to collect old

March 23, 2023
Read Tinubu's Latest Letter To President Buhari
News

Buhari declines assent to customs and excise amendment Bill

March 23, 2023
Dollar To Naira Black Market Exchange Rate Today 23rd December 2022
Business

Dollar To Naira Black Market Exchange Rate Today 23rd March 2023

March 23, 2023

glo
app




app
GTBank ADs GTBank ADs GTBank ADs

LATEST NEWS

Dollar To Naira Black Market Exchange Rate Today 23rd December 2022

Dollar To Naira Black Market Exchange Rate Today 22nd March 2023

March 22, 2023
I married a woman in whom I am well pleased – Actor Artus Frank Tells People Age-Shaming His Wife

I married a woman in whom I am well pleased – Actor Artus Frank Tells People Age-Shaming His Wife

March 22, 2023
Dollar To Naira Black Market Exchange Rate Today 23rd December 2022

Dollar To Naira Black Market Exchange Rate Today 23rd March 2023

March 23, 2023
‘Don Jazzy dey enter my eye’ – Tiwa Savage makes subtle advances at Mavin boss

‘Don Jazzy dey enter my eye’ – Tiwa Savage makes subtle advances at Mavin boss

March 22, 2023
15 Ghana Weaving Shuku Styles That Will Make You Slay This Weekend

15 Ghana Weaving Shuku Styles That Will Make You Slay This Weekend

January 27, 2023

EDITOR'S PICK

ECOWAS Nigeria Germany

Illegal Detention: ECOWAS Court Orders Nigerian Government To Pay German Over 50 Million Naira

March 6, 2021
Nollywood Actor Knocks Obi Cubana Over Bad Roads In Oba

Uche Maduagwu Questions Source Of Income Of Nigerian Male Skit Makers

November 8, 2022

FG Announces Date For Commencement Of WAEC Examination

July 7, 2020
Nigerian lady reacts after netizens dragged her for celebrating “20 year old relationship” with her boyfriend (Video)

Nigerian lady reacts after netizens dragged her for celebrating “20 year old relationship” with her boyfriend (Video)

January 3, 2022

About

We bring you the stories that perfect for news, finance, politics etc. Check our landing page for details.

Follow us

Categories

  • A Call to Prayer
  • Agriculture
  • Appointments
  • Business
  • Celebrities
  • Coronavirus
  • Corporate Amazon
  • Economy
  • Education
  • Entertainment
  • Environment
  • Fashion
  • Financial Literacy
  • From the Kaaba
  • From the Pulpit
  • Gist & Jabs
  • Health
  • Jobmart
  • Lifestyle
  • Living
  • Metro Gist
  • National
  • News
  • Op-Ed
  • Opinion
  • Politics
  • Press Release
  • Religion
  • Sport
  • State News
  • Tech
  • Tourism
  • Travel
  • Uncategorized
  • World News

Recent Posts

  • Prophet Odumeje Makes U-Turn Over I’ll Die Soon Comment
  • INEC declares Peter Mbah of PDP winner of Enugu State Governorship Poll
  • Naira scarcity: NLC plans to storm CBN offices nationwide
  • Abia residents celebrate Otti’s victory with free drinks, fireworks
  • Disclaimer
  • Google Adsense
  • Home 2
  • Ikoyi building collapse: Corper who redeployed from Borno to Lagos, confirmed dead
  • Leaked Conversation: There Will Know Peace Until Hope Uzodimma Leaves Government House – Emeka Ihedioha
  • MAN Condemns Invasion Of Dangote Cement Plant By Kogi State Govt
  • Privacy Policy
  • Sample Page
  • TheGistDay
  • Whitemoney And New Lady Spotted Stepping Out Of Hotel Together (Video)

© 2022 TheGistDay.

No Result
View All Result
  • News
  • Business
  • National
  • Politics
  • Opinion
  • Tech
  • Gist & Jabs
  • Lifestyle
  • Entertainment
  • Health
  • Travel

© 2022 TheGistDay.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In