Seven states control 90 per cent cash transactions in Nigeria

THE Central Bank of Nigeria (CBN) said that Lagos and the six other states control about 90 per cent of cash transactions in the country.

The Deputy Governor, Operations, CBN, Tunde Lemo, who disclosed this, listed the other states as Rivers, Anambra, Abia, Kano, Ogun and the Federal Capital Territory (FCT), adding that it was the reason for their selection in the second phase of the cash-less project billed to kick off in July.

Source: The Guardian

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