Nigeria: Cash Transactions Cost N192 Billion in 2012 – Sanusi

[Daily Trust]Reliance on cash as the preferred means of payment cost Nigeria’s financial system the sum of N192 billion as at 2012, governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi has said. The cost is ultimately transferred to the bank’s customers in form of bank charges and lending rates, he said.

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