ATM Transactions Drop by 13% To N28.2 trn   The value of Automated Teller Machine (ATM) transactions fell year-on-year (YoY) by 13.6 percent to N28.2 trillion in 2023 from N32.65 trillion in 2022. The Central Bank of Nigeria, CBN, disclosed this in its March 2024 statistical bulletin. The...

CBN Clears Valid FX Transactions to Eliminate Legacy Backlog The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs have now been settled, fulfilling a key pledge of the Governor, Mr. Olayemi Cardoso, to process an inherited backlog of US$7 billion...

CBN Clears Valid FX Transactions to Eliminate Legacy Backlog The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs have now been settled, fulfilling a key pledge of the Governor, Mr. Olayemi Cardoso, to process an inherited backlog of US$7 billion...

Transactions On NGX Gain Traction, Rise To N1.04trn In 5 Months   Amid the price appreciation and bullish sentiments, the total transactions performed by investors on the floor of the Nigerian Exchange Limited (NGX) has so far risen to N1.04 trillion in the first five months...

In 18 Months, e-Naira Records N22bn Transactions, 13mn Wallets In what may pass for a remarkable improvement and wider adoption of Nigeria’s digital currency, the value of transactions on eNaira hit N22 billion indicating a 68 per cent increase since the beginning of this year,...

Aggrieved Depositors Petition Banks Over N546bn Wrong Charges   No fewer than 2,256 depositors have lodged complaints on transactions totalling N368.9bn and $428.7m (N177.05bn) on their accounts against their banks with the Chartered Institute of Bankers of Nigeria. The institute, through its ethic and governance directorate, however,...