Central Bank of Nigeria (CBN) has reportedly fined Standard Chartered Bank N2billion for foreign exchange infraction. The bank, according to Thisday newspaper, drew the apex bank’s...
Technology platforms must be hardened with layered security; encryption and tokenization to ensure that the payments systems are safe, said David Isiavwe, President, Information Security Society...
Alh. Umaru Ibrahim, managing director/chief executive of the Nigeria Deposit Insurance Corporation (NDIC), has been re-elected into the Executive Committee of the International Association of Deposit...
Securities and Exchange Commission (SEC) has suffered a N2.1billion revenue deficit this year, Mr. Munir Gwarzo, its director-general, told the House of Representatives in Abuja yesterday....
Central Bank of Nigeria (CBN) has threatened to deal with any illegal International Money Transfer Operators (IMTOs) in the country when caught, warning Nigerians in the...
Ecobank Group has signed a Memorandum of Understanding (MoU) with Visa to roll out mVisa, a mobile payment solution in 33 African markets by end of...
Globally, card fraud is on the rise reaching US$21.84 billion in 2015, with an expected peak in 2018 of US$31.26 billion. It is estimated that globally,...
The African Development Bank (AfDB) Board has approved one million dollars to support the fight against malnutrition in Borno State. The bank announced this in a...
Fidelity Bank Plc has gone live on the NIBSS mCash product which will allow its registered merchants to receive payments from customers using their phones, as...
Widely regarded as the longest surviving and most resilient indigenous Nigerian bank, Wema Bank Plc, with innovations, will remain relevant in the market, said Mr. Dele...