The Central Bank of Nigeria on Tuesday released four new guidelines for the banking industry, top of which was an approval for bank customers to make cheque deposits into their savings accounts. Prior to this development, bank customers could only make cheque deposits into their current accounts. The new guidelines were contained in a circular posted […]
Read More TOTAL number 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 discount houses in 1993 to help streamline inter-bank payments and […]
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THE banking sector processed 10.06 million cheques worth N4.69tn in the first nine months of 2015, figures obtained from the Nigerian Interbank Settlement System have revealed. The NIBSS stated this in its electronic payment fact sheet covering January to September 2015, a copy of which was obtained by our correspondent in Abuja on Monday. The […]
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