Tag Archives: Dr Uju Ogubunka

Data from the Nigerian Interbank Settlement System (NIBSS) Electronic-payment Fact Sheet for 2021 has indicated that Nigerians abandoned 5.7 million bank accounts in 2021 as the number of inactive bank accounts rose 11 per cent to 57.9 million during the year from 52.2 million in 2020. The Bank Customers Association …

Owing to the mop-up in the system, currency in circulation dropped by 1.8 percent to N2.78trillion in February from N2.83trillion reported by the Central Bank of Nigeria (CBN) in January 2021 Findings show that currency in circulation in its Year-to-Year performance gained 27 percent from N2.19trillion in February 2020 after …