Sterling Bank Plc, Nigeria’s leading digital bank has launched a new, unique but simple banking application that can be used for all banking and payment transactions...
Nigeria Inter-Bank Settlement System Plc (NIBSS) has reported that 9.1 million Bank Verification Numbers (BVN) are inactive in various banks nationwide as at December 31, 2019....
Out of the N65.21tn loans granted by Deposit Money Banks in 2019, about N5.28 trillion of them are non-performing loans. The figure is contained in the...
Central Bank of Nigeria (CBN) has suspended indefinitely, the clearing of cheques instruments in the Nigerian clearing system The apex bank said this in a circular...
Securities and Exchange Commission (SEC), will on April 1, begin enforcement of a new investors’ identification regime aimed at enhancing transparency in the capital market and...
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...
