Stakeholders Seek Regulatory Review to Boost Mobile Money

Stakeholders in the mobile money ecosystem have called for a review of the prevailing mobile money regulatory framework, so that the country can achieve the target

Godwin Emefiele, Governor, Central Bank of Nigeria

CBN to Sanction Banks Denying Forex Access to SMEs

The Central Bank (CBN) threatened on Friday to sanction banks denying Small and Medium Enterprises (SMEs) access to foreign exchange (Forex) from the newly instituted

Western Union Connects Social Media to Services Via Messenger Bot

Western Union has taken a giant step by connecting social media to its services. Western Union has introduced a money transfer bot for Facebook Messenger to allow its US

MasterCard Tests Biometric EMV Card

MasterCard has unveiled what it is calling the "next generation biometric card," combining chip technology with biometrics to verify the cardholder's identity for in-

CBN Again Suspends Cashless Policy Implementation

In what could be described as a policy reversal, the Central Bank of Nigeria (CBN) on Friday suspended its earlier directive on the implementation of cashless policy. In

Disappointing Retail Sales Pressures Sterling

FXTM Research Analyst Lukman Otunuga comments on potential market reactions to the French Presidential elections this weekend. Sterling attracted a school of sellers

First Bank Committed to Revamping of FirstMobile to Boost Convenience

First Bank of Nigeria has said that the bank would continue to revamp its mobile banking application, FirstMobile, to boost convenience and ease of banking. The bank

Next Generation Biometric Card for In-Store Purchases Unveiled

Mastercard, Thursday, unveiled the next generation biometric card, combining chip technology with fingerprints to conveniently and safely verify the cardholder’s

FXTM Analysis: It’s All About the Euro

FXTM Research Analyst Lukman Otunuga comments on the Euro’s mood ahead of the first round of the French Presidential elections. The Euro was elevated to levels not seen

NDIC Plans Fresh Arrest of Failed Banks’ Directors

Nigeria Deposit Insurance Corporation (NDIC) on Wednesday said the Task Force on the Implementation of the Failed Bank Act would soon begin to re-arrest for prosecution