Nigerian Banks compete for N2.7trn of deposits on banknotes redesigns

Nigerian lenders are competing to attract up to 2.7 trillion naira ($6 billion) that’s outside the formal sector, taking advantage of the six-week window citizens have to replace old currency notes. Lenders including Zenith Bank Plc, FBN Holdings Plcand United Bank for Africa Plc have already begun reaching out to existing and potential clients online […]

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