Nigerians initiated transaction valued at N158trn in 2020 as a result of the pandemic – NIBSS
Charles Abuede The total value of transactions effected via the electronic fund transfer (ETF) grew 50 per cent to N158.1
Inactive PoS machine reaches 140,000 on the back of N50 stamp duties
Zainab Iwayemi In recent times, the Point of Sale (PoS) machines has surged significantly in the digital banking space as
Nigeria consumers pay N444.2bn on utility, subscription in 5 months using digital channels
Charles Abuede Payments of utility bills and subscriptions for various digital channels cost Nigerians and foreigners living in
NIBSS records 1.7mn BVN registration in 5 months
Nigerian banks have recorded a total of 1.7 million new BVN registrations in the past five months. This is according to data from the
Nigeria Inter-bank Settlement Systems Plc. ready for instant clearing of cheques
The disruptive impact of technology on the financial services industry would soon usher in instant clearing of other bank cheques in
Analysts foresee single world currency in growing technology disruption
Financial and technology analysts say a single world currency is imminent given the growing technology disruption in the financial
Nigeria’s central bank, NIBSS launch regulatory sandbox to empower fintechs
Financial technology firms (fintechs) in the country would now have a regulatory sandbox to facilitate digital innovation that will
Bureaus De Change automation, an imperative for customer verification
Bureaus De Change (BDCs), as critical stakeholders in the Foreign Exchange (FOREX) Market, are known for the sale of small volumes of
Multiple bank charges rise on CBN endorsement as Nigerians pay on average N3.5bn monthly
As Nigeria’s National Assembly meet the Central Bank of Nigeria (CBN) and other banks in Africa’s largest economy over high interest