The Central Bank of Nigeria has put the volume of transaction on Automated Teller Machines in the country at over N1.7tn as of June this year. It said the number of ATMs increased from 10,727 in 2012 to 15,000 as of June 2014, “with transaction volumes moving from N1.3tn to […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) has offered explanation for the Remote–On-Us Automated Teller Machines (ATMs) transactions fees. The CBN in a press statement dated August 20, 2014 and signed by Ibrahim Mu’azu, director, corporate communications department. The CBN said its intention in this public […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Central Bank has said it has developed an industry portal for the verification of authorised signatories for the Nigerian banks. This is contained in a circular dated August 19, 2014 and signed by Dipo Fatokun, director, banking and payments system department of the Central […]