AF-Ricardo Money Shop opening bank accounts, funds transfers, cash deposits, cash withdrawal

AF-RICARDO MONEYSHOP is a one-stop shop for all basic financial transactions. Proliferating AF-RICARDO MONEYSHOP as a nationwide brand is a quintessence of expanding the financial system which is in consonance with the aim of the Central Bank of Nigeria, Deposit Money Banks, Nigerian Inter-bank Settlement System, and Licensed Mobile Money Operators; in accelerating financial inclusion in Nigeria.
Currently at AF-RICARDO MONEYSHOP, operating with a capital base of about #2,000,000 and performing over 1000 daily transactions to more than 10,000 residents around our neighbourhood, we make profit of about #30,000 on daily basis. There is a 20 – 30% increase during bank holidays because of extra charges of between #50 to #200 added to the service rate; due to the difficulty in accessing cash; the huge demand for cash during holidays; the huge crowds at most ATM cash points; and unpaid daily P.O.S remittances by the banks we use their P.O.S machines, who do not operate during bank holidays

Sectors Financial services
Location Lagos, Nigeria
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