Banks cleared N246.62bn cheques In May

Banks cleared N246.62bn cheques In May

Banks cleared N246.62bn cheques In May     Deposit money banks in the country cleared cheques valued at N246.62 billion in May, this year, latest data released by the Nigeria Interbank Settlement System Plc (NIBSS) shows. The figure is N2.92 billion more than the value of cheques(N2.43 billion) cleared by DMBs in the previous month. The NIBSS’ data also indicates that the total volume of transactions through cheques increased by 20,900 to 339.67 in May from 318.77 in April 2021. Similarly, further analysis of the NIBSS’ numbers shows that at…

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