The Central Bank of Nigeria (CBN) has unveiled two transformative digital solutions—the Document Flow (DocFlow) System and the Ministries, Departments, and Agencies (MDAs) Naira Payment Solution.
According to a statement by the bank, the launch was held at the CBN’s headquarters in Abuja on Wednesday.
It said the launch is part of the bank’s ongoing “Digital First” transformation initiative introduced by the governor of the CBN, Olayemi Cardoso, in December 2023.
Mr Cardoso described the DocFlow System as a groundbreaking tool designed to digitise document management, reduce paper consumption, and streamline approval processes within the bank.
He explained that the MDAs Naira Payment Solution automates cash withdrawal processes for MDAs, ensuring efficiency in financial transactions while strengthening client support mechanisms.
According to the statement, Mr Cardoso described the DocFlow system as a groundbreaking solution designed to revolutionise the…
Connect with us on our socials: