A total of 13.46 million cheques worth N6.19tn were processed by the banking sector in the 2015 fiscal period, figures obtained from the Nigerian Interbank Settlement System have revealed. The NIBSS was set up by the Central Bank of Nigeria and licensed commercial banks and...

Nigerian banks in the past year paid out almost N400 million as cashback on the use of point of sale terminals even as four banks were last year sanctioned for non-reversal of dispense error within the specified 48 hour timeframe given by the Central...