The Central Bank of Nigeria (CBN), has issued the final draft of guidelines for setting up Bank Neutral Cash Hubs (BNCHs), as contained in a recently released circular by the apex bank.
Bank Neutral Cash Hubs (BNCH) seeks to reduce costs and improve operational efficiency in Nigeria’s cash management value chain.
The Nigerian Cash Management System (NCMS) was created by the Central Bank of Nigeria in collaboration with the Banker’s Committee, and it led to the creation of Bank Neutral Cash Hubs (BNCHs) to cut costs and increase operational efficiency in the Nigerian cash management value chain.
