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Central Bank of Nigeria lifts suspension on cheque clearing

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Central Bank of Nigeria lifts suspension on cheque clearing The Central Bank of Nigeria said it has lifted temporary suspension on cheque clearing in the clearing system. The apex bank made this known in circular sent to deposit money banks and Nigerian Inter-bank Settlement System signed by Sam Okojere, Director, Banking Service. In the wake u rising cases of coronavirus and the need to maintained social distancing, the CBN had suspended cheque clearing. A number of individuals and companies have been unable to convert the face value of their cheques to cash as a result. In a circular sent to…

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