Two POS operators in court for allegedly stealing over N2m Two men, Marcus Olaitan and Ajibade Adeolu, were on Monday arraigned before an Ikeja Chief Magistrate’s Court for allegedly stealing over N2 million from a First bank Automated Teller…
The scarcity of cash in circulation has made the weekly usage of Automated Teller Machines to drop from 70 percent to 40 percent, according to a report by KPMG. The report, titled, “In Pursuit Value,” stated that the figures were…
The Deputy Governor of Zamfara State, Senator Hassan Muhammad Gusau, has expressed dissatisfaction over the operations of the Central Bank of Nigeria, CBN, and other commercial banks in the state when he paid them an unscheduled visit. Sen Gusau said…
Mr Dumebi Kachikwu, African Democratic Congress, ADC, presidential candidate, said the insufficient circulation of the new Naira notes posed great threats to the country’s peace. Kachikwu said this in a statement on Tuesday in Abuja. He said it was disheartening…
Nigerian banks on Monday denied allegations of fuelling the scarcity of the redesigned naira notes across the country. The Association of Corporate Affairs Managers of Banks, ACAMB, empathized with the public on the hardships consequent upon the rollout of the…
Traders at Central Market in Kaduna, have lamented the scarcity of the old and redesigned Naira notes, attributing it to the cause of low patronage in recent time. Speaking to news correspondent at the market on Wednesday, the traders said…
By Idris Bakare Despite the biting economic recession in the country, long queues of customers have resurfaced at the Automated Teller Machine ( ATM) galleries of almost all the commercial banks on Christmas, awaiting New year festival period. Festive periods…
By Kayode Tokede The value of Automated Teller Machine (ATM) transactions, on quarterly basis dropped by N67 billion to N4.82 trillion in the fourth quarter of last year (Q4’20) from N5.49 trillion in the previous quarter, Q3’20. The volume of…
