30 results
- 9 Jan 2017
FirstMobile App Increases Daily Transactions Limit
First Bank of Nigeria has announced increased transaction limits on its FirstMobile Lifestyle app to a maximum daily limit of N150,000.00 without the use of a token and a total daily transaction…
- 26 Mar 2019
Global Accelerex Bags CBN Award for PoS Transactions Performance
Global Accelerex Limited, one of Nigeria's leading payment terminal service provider and payment solution service provider, has been rewarded for its exceptional performance in the Nigerian…
- 16 Aug 2024
Osun Govt’s Claims of N900m Unpaid Tax Against MTN Unsubstantiated
Osun State Government, through its consultant, Global Transaction Nigeria Limited (GTNL), has been making unsubstantiated claims of outstanding tax obligations due, and requests that they be paid…
- 15 Jun 2021
NG Clearing Limited Becomes Nigeria’s Premier Central Counterparty
Nigeria’s apex capital market regulator, the Securities and Exchange Commission (SEC) has granted NG Clearing Limited (NG Clearing) registration to perform the function of a central counterparty…
- 10 Apr 2017
Nigeria Occupies 7th Place on PoS Transactions in Africa
Nigeria occupies seventh position among African countries where the use of point of sale (PoS) form part of transactions, Nigeria CommunicationsWeek has learnt. According to a report by Indexmundi…
- 20 Sept 2020
CBN Investigates 55 Companies over Forex Infractions
Amidst sustained pressures on Nigeria’s official foreign exchange resources, the Central Bank of Nigeria (CBN), has opened investigations into foreign exchange transactions of 55 companies and…
- 20 Aug 2021
CBN Asks Banks to Block Accounts of 18 Firms
Central Bank of Nigeria (CBN) has directed banks to place a post-no-debit on the bank accounts of 18 companies. A post-no-debit means that all debit transactions, including ATMs and cheques, on the…
- 21 Jun 2022
CardinalStone Securities Executes Largest Block Deal in Nigerian Capital Market
CardinalStone Securities has announced its recent execution of the sale of 27,336,952,296 ordinary shares of Union Bank of Nigeria Plc at N7 per share by Atlas Mara Limited and Union Global Partners…
- 23 Nov 2022
TEXUB Expands Footprint to Nigeria, Pledges to Build Global Online IT B2B Marketplace
TEXUB, a global B2B marketplace pioneering the future of IT trade, which launched in Dubai, UAE on May 25, 2022 has set up a hub in Nigeria to underscore the premium it places in the local and Africa…
- 10 Jan 2017
Ingenico, Interswitch to Deliver Multichannel Payment Solutions to Nigerian Market
Ingenico Group, global leader in seamless payment, announced that a strategic partnership has been signed with Interswitch Nigeria Limited, the leading transaction switching and electronic payment…
- 16 Feb 2024
CBN Increases PVS Limit to 15 Percent to Tackle Global Inflation
Central Bank of Nigeria (CBN) has announced an upward review of the Price Verification System (PVS) from 2.5% to 15%. According to a circular by Dr Hassan Mahmud, director, Trade and Exchange…
- 7 Aug 2020
FirstBank Processed N6 Trillion Transactions Via FirstMonie — Adeduntan
First Bank of Nigeria Limited has said that it has processed transactions worth over N6 trillion on its FirstMonie Agent network as at July 2020. Dr. Adesola Adeduntan, chief executive officer,…
- 30 Aug 2024
Citibank Taps Nneka Enwereji as CEO
Citibank Nigeria Limited has appointed Nneka Enwereji as its Managing Director/Chief Executive Officer. In a statement issued by the Head of Public Affairs, Nigeria and Ghana Global Communications…
- 6 Nov 2015
Innovetices Unveils NIBSS Certified ‘SmartPesa’ mPoS for Nigeria
Innovectives Limited, Nigeria’s provider of secure and affordable transaction channels for the un-banked and under-banked public, has launched SmartPesa, its mobile point of sales (mPOS) terminal…
- 27 Jun 2022
PocketApp Secures AIP for Mobile Money Operator License in Nigeria
The Central Bank of Nigeria (CBN) has granted an Approval In Principle (AIP) to Abeg Technologies Limited, a product of Piggytech Global Limited, as a Mobile Money Operator (MMO) in Nigeria. With the…
- 10 Mar 2016
IHS to Acquire Helios Towers Nigeria
IHS Holding Limited, the largest mobile telecommunications infrastructure provider in Africa, Europe and the Middle East, and Helios Towers Nigeria Limited, the pioneer of tower infrastructure…
- 21 Mar 2024
Verto Pay Launches to Simplify Online Business Payments for Nigerian SMEs
Today marks a significant milestone for small and medium-sized enterprises (SMEs) in Nigeria as global fintech leader Verto unveils its latest innovation: Verto Pay. This cutting-edge mobile app is…
- 27 Jan 2020
First Bank Wins Best Mobile Banking App, Fastest Growing Retail Bank Awards
First Bank of Nigeria Limited has been named 2019 “Best Mobile Banking App” and “Fastest Growing Retail Bank” winner by Global Business Outlook. The Global Business Outlook Award recognises and…
- 8 Mar 2021
Diaspora Remittances: Firstbank to Reward customers with N5 for Every Dollar Received
First Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider is rewarding customers with N5 for every dollar received through foreign remittances. This N5 for a dollar…
- 9 Nov 2016
CBN Goes Tough on Illegal IMTOs, Banks over Money Transfers
Central Bank of Nigeria (CBN) has threatened to deal with any illegal International Money Transfer Operators (IMTOs) in the country when caught, warning Nigerians in the diaspora to desist from…
- 26 May 2015
FirstBank Re-elected to the Board of Advisors of PCI SSC
First Bank of Nigeria Limited, Nigeria’s most valuable bank brand has reaffirmed its leadership position in corporate governance and risk management with its re-election into the Board of Advisors of…
- 20 Aug 2024
Fintech, NIBSS Partner to Boost POS Transactions
Zone Payment Network Limited, formerly known as Appzone, has collaborated with the Nigeria Inter-Bank Settlement System to enhance POS transactions across the country. According to a statement on…
- 22 Mar 2019
MTN Yet to File Application for Listing on NSE- SEC
Securities and Exchange Commission (SEC), apex capital market regulator, has said that MTN Nigeria has not filed any application that could kick-start regulatory consideration of the proposed listing…
- 13 Aug 2019
Interswitch Unveils Verve Global Card
Verve, one of the leading payment technology and card business in Africa, in partnership with Discover Global Network, the payments brand of Discover, was recently launched the Verve Global Card.…
- 14 May 2018
FirstBank Introduces Contactless Naira Mastercard
First Bank of Nigeria Limited has introduced the Contactless Naira Master Card to its array of debit cards to promote convenience, ease of transactions and the security of funds. FirstBank…
- 5 Jul 2019
Agusto & Co. Assigns an “A+” Rating to Coronation Merchant Bank
Nigeria’s first credit Rating Agency and a pan African leader in credit reports, Agusto & Co. limited whose strong credibility presence and ratings are globally accepted in Nigeria, and across…
- 17 Mar 2024
Moniepoint Emerges Lead Sponsor of Payments Forum Nigeria - PAFON 1.0
Moniepoint Inc. a global digital financial services provider with operations in Nigeria and an ongoing expansion into other emerging markets, has emerged the lead sponsor of the maiden edition of…
- 13 Jun 2018
MTN Nigeria Mulls Sale of 30% Equity to Retail Investors
MTN Nigeria, largest telecommunication company, may sell some 30 per cent of its ordinary shares to Nigerian retail investors under its much-awaited initial public offering (IPO). Sources in…
- 27 May 2019
FirstBank Convenes Fireside Chat, Promotes Awareness On Cyber Security
FirstBank of Nigeria Limited has announced that the fourth edition of its Fireside chat would hold on Friday, May 31, 2019 at its Digital Innovation Lab in Yaba, Lagos. The topic, Cyber…
- 28 Feb 2012
Cashless: Experts Warn Against Corporate Greed
Financial experts have warned against the possible hijack of cashless policy of the Central Bank of Nigeria (CBN) by a few individuals or corporations and urged the apex bank to move against limits…