Payments System Circulars

Reference	Document Title	Size
BPS/DIR/GEN/02/033	List of licensed Custodians Published 3/14/2014	169507
BPS/PSPGEN/CIR/05/001	Circular on the need to install Anti Skimming Device on all ATMs Published 3/13/2014	215566
BPS/DIR/CIR/GEN/02/031	Submission of Fraud Report on Electronic Channels using a Common Portal for the Industry Published 7/4/2013	239832
BPS/DIR/GEN/CIR/01/015	Extension of Cash-less Policy to Five States and the FCT Published 5/17/2013	211471
BPS/DIR/CIR/04/2013	Circular to DMBs, Cheque Printers and other Stakeholders on the Accreditation of Cheque Printers for 2013/2014 Published 5/10/2013	225314
BPS/DIR/GEN/CIR/01/001	Nationwide Encashment of 3rd Party Cheques above N150,000 over the counter of banks and stoppage of charges Published 3/8/2013	220992
BPS/DIR/GEN/CIR/01/018	E-Payment Dispute Arbitration Framework Published 1/7/2013	480965
BPS/DIR/GEN/CIR/01/014	Timeline for Interoperability and Interconnectivity Published 12/21/2012	156183
BPS/DIR/CIR/08/2012	Circular to Deposit Money Banks in Respect of the Clearing of Financial Instruments of Liquidated/Legacy Banks Published 11/28/2012	472986
BOD/DIR/CIR/2010/GEN/01/107	Circular on Implementation of Maximum Cap for Cheque Payments Published 1/4/2010	49937

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Facts : 1/16/2006
The Cowry:The Cowry has, for centuries, served our people as an important form of currency. In 1860 the following system was in use: 40 Cowries formed a "String"; 50 Strings made a "head" and 10 heads comprised a "bag". In Lagos in 1865 one bag of 20,000 shells was exchanged for one or two English Pounds.
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