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Cheque Usage Drops As PoS Transactions Hit N13.67trn

Nigerians have continued to abandon cheque transactions as Point of Sale transactions rise to N13.67tn in three years, according to data obtained...

CBN Urges FG To Prioritise Investment In Infrastructure

The Central Bank of Nigeria has urged the Federal Government to prioritise investment in infrastructure to improve the country’s business environment and...

CBN Sets New Capital Base For Payment Firms

The Central Bank of Nigeria has set new capital requirements for payment firms in the country. The CBN disclosed...

11 Banks Pay N308.2bn Dividends To Shareholders

A total of 11 listed banks have declared a cumulative N308.206 billion dividends to their numerous shareholders in their respective 2020 financial...

Cally Air: C’River Takes Delivery Of Second Boeing 737 Aircraft

Cross River State governor, Ben Ayade, has taken delivery of the second aircraft Boeing 737 at the Murtala Mohammed International Airport, Lagos,...

Online Transactions Increase By 99% To N22.77trn

The value of transactions carried out online by bank customers jumped to N22.77tn in March 2021, the latest data from the Nigeria...

Banks dump old cheques, customers to obtain revised leaflets

Banks have notified customers that effective on Thursday (today), the old cheque leaflets will no longer be acceptable for clearing.

E-bills Transactions Declined By 9% In February

The volume of transactions carried out on the electronic bill payment platform fell month-on-month, by 8.86 per cent to 92,571 in February...

Monthly Instant Payments, PoS Deals Drop To N19trn

The value of transactions via digital payment platforms – Nigeria Interbank Settlement System Instant Payment System and Point of Sales terminals –...

E-payment Transactions Rise By 50.3%, Now N162.95trn

The value of transactions via digital payment platforms – Nigeria Interbank Settlement System Instant Payment System and Point of Sales terminals –...

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