“Shine Your Eyes”: CBN Releases Names of Approved Cheque Printers in Nigeria, Popular Banks Included

The Central Bank of Nigeria (CBN) has released the list of certified cheque printers in Nigeria.

In a circular dated May 4, 2023, signed by its Director of Banking Services Department, Sam Okejere, the bank said the move was part of its mandate to ensure an efficient Payment and Settlement System…..CONTINUE READING

CBN sends circular to commercial banks

The bank said it carried out the programme in partnership with MICR Technical Implementation Committee (MTIC) and directed to all Deposit Money Banks (DMBs) nationwide.

The apex bank noted that it conducted the re-accreditation of cheque printers and cheques personalisers in line with valid accreditation licenses.

The bank listed the names of licensed printers as follows:

  1. Superflux International Limited
  2. Tripple Gee and Company Plc
  3. Yaliam Press Limited
  4. Marvelous Mike Press Limited

CBN also named about seven banks as personalisers which include:

  1. Zenith Bank
  2. Ecobank
  3. Stanbic IBTC Bank Limited
  4. First Bank Limited
  5. Keystone Bank Limited
  6. Wema Bank Limited, and
  7. Providus Bank Limited

The bank said all the cheque printers and personalisers had been duly notified.
UBA, Access Bank, GTB, 6 others cash out N74 billion from mobile apps, USSD, PoS transactions

Legit.ng reported that about nine Nigerian banks had vaulted N74 billion from their electronic business earnings in the first quarter of 2023 as top banks like UBA, Access Bank, and Zenith Bank led the pack of top earners.

Commercial banks in Nigeria have resorted to earning income from digital channels such as mobile apps, USSD channels, and online banking, targeting Nigerians.

The Central Bank of Nigeria (CBN) has supported the banks’ earnings via various touchpoints like BVN, PoS, naira redesign, and other policies which drive financial inclusion. According to BusinessDay, nine banks recorded a combined electronic banking income of N74.22 billion in the first quarter of this year, a 15.3% increase from N64.35 billion in the first quarter of last year…..CONTINUE READING