The Central Bank of Nigeria (CBN) announced a drop in electronic banking rates earlier this month, in accordance with its published rules for banks and other financial institutions, which were made public at the time of the announcement. The ‘increased transformation that has occurred in the financial industry over the prior few years,’ according to Bank of America, is a primary driving factor behind the research. President Muhammadu Buhari and Governor of the Central Bank of Nigeria, EFFOB, signed the amended guideline, which was first published in 2004 and revised three times since then, inc…