The new regulation on bouncing cheques, which came into force on February 5, is expected to address people’s concerns about such negotiable instruments without sufficient funds on the issuers’ ...

The Central Bank of Nigeria has issued new guidelines on the treatment of dud cheques, introducing tougher sanctions for account holders who issue cheques that bounce due to insufficient funds. With ...

The Central Bank of Nigeria has raised the alarm over the rising incidence of dud cheques with estimates for the numbers processed in the last 12 months totaling N166billion alone, a development, the ...