Cash Crunch: Customers Lament As Banks Resume Operations After Election   Residents of Osogbo, the Osun State capital, have continued to experience scarcity of Naira notes even as the February 25 presidential and National Assembly elections have been concluded. Majority of the banks operating in Osogbo only...

CBN Cash Withdrawal Limit Begins Today   The Central Bank of Nigeria’s policy on restriction on daily cash withdrawal takes off across the country today, Monday, January 9. Economic Confidential reports that in this arrangement, the maximum weekly limit for cash withdrawals across all channels by individuals...

Nigerian Banks Closed 234 Branches, 649 ATMs — IMF   The International Monetary Fund, IMF, yesterday, said that Nigerian banks closed 234 branches and 649 Automated Teller Machines, ATMs, in 2020 leading to a decline in the country’s Financial Access Score (FAS) to 4.44 in the...

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 – rose to N162.95tn from January to December in 2020. The two platforms recorded a 50.3 per cent...