Financial messaging co-operative Swift is reporting a succesful community migration from legacy message type (MT) 100 to the new MT103, which holds out the promise of increased automation and ...

Currently the messages MT103 / 103+ are used to effect a customer credit transfer and the MT 202 is used for a financial institution transfer. In order to speed up the payment process for customer ...

The Central Bank of Nigeria (CBN) has warned Nigerians against the use of fake SWIFT messages that lead to fraudulent transfer of their money from their bank accounts. It also raised the alarm over a ...

The Central Bank of Nigeria (CBN), has advised members of the public to be cautious of SWIFT Messages on foreign exchange remittances to their Nigerian bank accounts The acting director, Corporate ...

The Central Bank of Nigeria (CBN) has alerted the public on rising cases of fake SWIFT messages from fraudsters. In a statement, CBN Acting Director, Corporate Communications, Mrs. Hakama Sidi Ali, ...