Transfers get cheaper (for banks) 💸

Today’s big stories:

1. Transfers get cheaper (for banks) 💸

2. It’s MVNO season📱

3. Digital assets? Let’s tax that! 🤑

Here's what you need to know about the economy in 135 seconds.

1. Transfers get cheaper (for banks) 💸

What’s happening?

Nigeria Inter-Bank Settlement System Plc (NIBSS) has cut the processing fee it charges banks for its transfer service from ₦5 to ₦3.75.

What does this mean?

Banks