April 25, 2021/NBS A total volume of 3,464,811,083 transactions valued at N356.47trn was recorded in Q4 2020 as data on Electronic Payment Channels in the Nigeria Banking Sector revealed. Online transfers dominated the volume of transactions recorded. 2,227,449,949 volume of Online Transfer transactions valued at N120.27trn were recorded in Q4 […]
Money Market
CBN Directs Banks, FOREX Dealers to Accept Old Series, Lower Denomination of US Dollars
April 22, 2021/CBN The Central Bank of Nigeria (CBN) has in recent times been inundated with complaints from members of the public on the rejection of old/lower denominations of US Dollar bills by Deposit money banks (DMBs) and other authorized forex dealers. All DMBs/authorized forex dealers should henceforth accept both […]
Citi Taps Mastercard Send to Expand Payment Exchange Capabilities for Clients in the U.S.
April 21, 2021/Mastercard As the demand for quick, secure, and easy digital payments solutions continues to grow, Citi’s Treasury and Trade Solutions (TTS) announced today that it has expanded payment options for Citi® Payment Exchange institutional clients through the integration of Mastercard Send™. Citi’s corporate and public sector clients in […]
