Cartels Running CBN, Banks –Senate

Senate has alleged that an unnamed cartel has taken control of Nigerian commercial banks to the detriment of the economy and small businesses operating in the country.

MFS Africa, Paga to Connect Nigerian Remittance Market to the World

MFS Africa and Paga have announced their partnership connecting Paga users and Nigerian bank account holders to remittance senders from around the world. Thanks to this

EMV Cards in Circulation Worldwide Top 6Bn

Official figures from aggregated data published by technical body EMVCo show that, by the end of 2016, the number of EMV payment cards in global circulation increased 1.

FXTM: Politics Retake Centre Stage in Capital Markets

FXTM Chief Market Strategist Hussein Sayed comments on the markets in light of political tensions in the Middle East and the impending UK general election. Asian stocks

PayU Moves to Connect Businesses to N200Bn Online Payment Market

PayU has rolled out strategies to intensify efforts to connect businesses to Nigeria’s online payment market. Annual online payments in Nigeria is estimated to surpass

Path Solutions CEO Named Best Islamic Finance Technology CEO of the Year Award

Path Solutions, an international core banking system provider for the Islamic financial services industry, has announced that its Group Chairman & CEO, Mohammed

GTBank to Release GTWorld API to Developers

Guaranty Trust Bank Plc, has declared interest to release the Application Programming Interface (API) of its flagship GTWorld to third-party developers by next month. In

Senate to Meet with CBN on High Interests Rates Charged by Banks

President of the Senate, Bukola Saraki, has criticised commercial banks for the high interest rates they charge on loan facilities to Small and Medium Scale Enterprises

Account Takeover, Application Fraud Rising Fast - Study

Two of the largest challenges facing financial institutions are identity-related, according to the new Aite Group Impact Report, Financial Institution Fraud Trends: ATO

Path Solutions Achieves GoodAccredited Standard for 7th Year in a Row

Path Solutions, an international core banking system provider for Islamic banks and financial institutions, has announced it has received the GoodAccredited Standard for