The Central Bank of Nigeria has started work on a policy aimed at placing a five-year sanctions through ban on customers who serially produce dud cheques. The plan, if it sees the light of the day, would see customers who present dud cheques on three occasions being sanctioned, and their accounts would be termed as […]
Bank customers will commence payment of N6 for every SMS transaction alert starting tomorrow. This is coming on the heels of the increase in telecommunications rates by telecommunications providers following a nod by the federal government, reports Vanguard. The SMS charges were increased by 50% to N6 from the previous N4 per message. Various ...

