Nigerian banks have informed customers and staff that from December 31, old £20 and £50 British pound notes will be rejected. In a circular seen by Ripples Nigeria, banks in a short sentence stated that the old notes would no longer be accepted by the end of the year. The decision was in line
MTN Nigeria on Thursday refuted the claims by the Central Bank of Nigeria that it illegally, in collusion with four Nigerian banks repatriated $8.1billion from its Nigerian operations to offshore investors. The CBN said the remittances between 2007 and 2015, in tranches of of 2.63 billion dollars, 1.766 billion dollars and 348 million dollars were […]
The National Bureau of Statistics (NBS) has revealed that the Nigeria Banking sector recorded 910,186,115 transactions valued at N65.16 trillion in 2016. The bureau in its selected Banking Sector Data for the fourth quarter noted that Automated Teller Machine (ATM) transactions dominated the volume of transactions with a recorded of 590, 238, 934 of […]