The Central Bank of Nigeria (CBN) has increased the maximum weekly limit for cash withdrawals across all channels by individuals and corporate organisations to N500,000 and...
KongaPay, a Central Bank of Nigeria (CBN)-licensed fintech platform, is on course to grow its active subscriber base to over three million by 2022, data released...
NetPlusDotCom, Fintech and payment service provider, has gone into a partnership with First City Monument Bank (FCMB), to develop and deploy a notification service for merchants...
Central Bank of Nigeria (CBN) has revised timelines for reversals and/or the resolution of refund complaints on electronic channels, with effect from June 8, 2020. This...
Nigerians will now pay stamp duties on WhatsApp messages, SMS, and messages via any electronic platform acknowledging receipt of funds, according to Federal Inland Revenue Service...
Telecommunications operators in the country have resolved to withdraw Unstructured Supplementary Service Data (USSD) service they deliver to banks, saying they cannot deliver such service free...
Inactive bank accounts rose by four million or 10 percent to 45 million in one year period ending October 31, 2019 from 41 million as at...
Federal Government is to realise at least N1.5 billion monthly from the implementation of N50 stamp duty charges on transactions carried out via Point of Sales...
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...
Merchants making use of point of sale (PoS) terminals for transactions at their locations have reeled factors hindering the use of PoS device as a means...
