Banks’ customers carried out a total of N97.32tn worth of financial transactions on the instant payment and Point of Sale platform between January and November this...
Banks, insurance companies and government institutions in Nigeria spent an estimated sum of N270.22m to prevent cyberattacks in 2018, according to African cybersecurity study by Demadiur...
Kuda, a digital-only bank licensed by the Central Bank of Nigeria (CBN), has kickstarted a revolution in Nigeria’s banking sector with no charges for all transfers...
Federal Inland Revenue Service (FIRS) has created electronic tax services, (e-tax services) to improve transparency and speed in tax administration. Tunde Fowler, FIRS executive chairman, disclosed...
Central Bank of Nigeria (CBN) will soon release a new bank verification number (BVN) guideline and set additional rules that will guide it in watch-listing fraudulent...
The payment system globally has become largely digitalised with channels such as Mobile Apps, e-wallets, POS, ATMs gradually becoming the preferred ways of making different forms...
Central Bank of Nigeria (CBN), has pledged to increase the figures of bank customers enrolled on the Bank Verification Number (BVN) system from 38 million to...
Central Bank of Nigeria (CBN) and the Nigeria Interbank Settlement System (NIBSS) may have begun charging N50 for Point of Terminal (PoS) transactions with some angry...
Electronic payment (e-payment) transactions worth N203.35 trillion were carried out by banks between January and June, this year, Central Bank of Nigeria (CBN) half-year e-payment figures...
Bank customers are to pay more for Point of Sale (PoS) transactions. This follows a Central Bank of Nigeria’s directive to banks to charge N50 Stamp...
