Nigeria’s active bank accounts increased to 79.28 million in December 2019, thanks to the additional 8.1 million accounts that became active, data from Nigeria Inter-Bank Settlement System Plc (NIBSS) shows.
Despite the 11.33 percent surge in active banks accounts last year, the country with 40 million unbanked population reported 45.57 million dormant accounts. While Nigeria recorded a total of 124.85 million bank accounts in the year under review 36.5 percent of the accounts were inactive.
BusinessDay analysis of the NIBSS data revealed that the dormant bank accounts reported last year reduced slightly by 1.32 million compared to the 46.89 million the previous year…
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