30 results
- 19 May 2014
Banks, Merchants Invest $80m on PoS Terminals
Money deposit banks and merchants in the country have invested some $80 million in the acquisition of Point of Sale (PoS) terminals in their effort to facilitate electronic payment, Nigeria…
- 9 Feb 2015
CWG Earns CBN PTSP Operational Licence
Computer Warehouse Group Plc (CWG), the leading Pan-African ICT Company has been issued the license to perform the activities of Payment Terminal Service Provider (PTSP) to Point-of-Sale terminals…
- 15 Jun 2026
CBN Orders Banks, Fintechs to Host Payment Data Locally
The Central Bank of Nigeria has directed banks, fintech firms, and other payment service providers to store payment transaction data generated within the country on local servers from January 1,…
- 3 Dec 2012
Unified Payments Goes Live on MasterCard Processing
Unified Payment Services Ltd, formerly ValuCard Nigeria Ltd has gone live as a MasterCard third party processor, underscoring the company’s drive to be a one-stop shop and a shared infrastructure…
- 21 Sept 2020
NCC Moves to Review International Termination Rate for Voice Services
The Nigerian Communications Commission (NCC) has embarked on a cost-based study to set the new pricing regime for mobile international termination rate (ITR) for inbound international voice calls in…
- 19 Nov 2014
CBN Grants 3GEE PAY PTSP License
Nigeria’s payment system has received a boost as the Central Bank of Nigeria, (CBN) has approved 3GEE Pay Limited as a new Payment Terminal Service Provider (PTSP). By the appointment, 3GEE PAY is to…
- 27 Apr 2026
Reliable Payment Rails Key to Financial Inclusion - TeamApt
Stakeholders at the Payment Forum Nigeria 2026 have emphasised the need for robust and reliable payment infrastructure to drive financial inclusion, particularly among small businesses, merchants,…
- 16 May 2025
Remita’s Bold Leap: Nigeria’s Fintech Giant Expands Across Africa
Remita, the pioneering Nigerian payment technology platform developed by SystemSpecs, is charting a bold new course with its planned expansion into markets across Africa. What began as a payroll…
- 21 Mar 2016
Interswitch Emerges Most Efficient Payment Processor in Nigeria
Interswitch Limited, Africa’s leading digital payments and commerce provider has emerged as a multiple award winner at the maiden edition of the Electronic Payment Incentive Scheme (EPIS) Awards…
- 17 Apr 2014
NIBSS Offers Cash Back Reward to Increase Use of PoS
Nigeria Interbank Settlement System (NIBSS) is offering electronic cardholders in the country cash back of 50 kobo for every N100 spent in the use of e-payment cards to pay for goods and services on…
- 25 Feb 2015
MasterCard, Grooming Centre to Extend ePayments to MSMEs in Nigeria
MasterCard and Grooming Centre have signed a Memorandum of Understanding (MoU) that will see electronic payment solutions extended to 500,000 Micro, Small and Medium Enterprises (MSMEs) in peri-urban…
- 1 Aug 2021
Accelerex Demonstrates Fintech Leadership with Two Awards @ BoICT
One of Nigeria’s foremost financial technology companies, Global Accelerex (Accelerex), has yet again demonstrated its leadership in the financial technology industry by clinching the FinTech…
- 24 Jul 2026
Moniepoint as a Key Driver in Expanding Financial Access for Businesses in Nigeria
When people and businesses gain genuine access to financial services, they gain the ability to transact securely, build savings, and access credit. That access creates the conditions for progress:…
- 26 Jul 2016
The Insecurity of Things
Evolution in technology is enabling more “things” to connect more often around the world, at a pace that’s showing no sign of slowing down. By 2020, 70 percent of people across the world will be…
- 6 Oct 2025
CBN Releases New Guidelines, Caps POS Agent Daily Transactions at N1.2m
The Central Bank of Nigeria has introduced new operational guidelines for agent banking across the country, capping daily cumulative transactions per agent at N1.2 million. The revised framework,…
- 10 Jun 2021
NCC Concludes Cost-Based Study on International Termination Rate Determination
The Nigerian Communications Commission (NCC) has concluded the process for determining the cost-based price of Mobile International Termination Rate (ITR) to ensure healthy competition on traffic…
- 6 Feb 2012
Brighter Side of Mayan Year
Along with predicting the end of the world in 2012, the ancient Mayan calendar could have helped mankind if it threw in a few forecasts about the economy this year to encourage profligacy or…
- 4 Jan 2016
PCI SSC Pushes Back SSL-to-TLS Migration Deadline
In response to "significant feedback" from the PCI community and security experts, the Payment Card Industry Security Standards Council (PCISSC) has extended its deadline for payments industry…
- 4 Jan 2016
PCI SSC Pushes Back SSL-to-TLS Migration Deadline
In response to "significant feedback" from the PCI community and security experts, the Payment Card Industry Security Standards Council (PCISSC) has extended its deadline for payments industry…
- 26 Jun 2022
E-commerce Platforms Empowering Retail Businesses
Following the data from the National Bureau of Statistics as well as the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), that Micro and Small Medium Enterprises (MSMEs) account…
- 15 Nov 2012
Nipost,One Network Take Mobile Money to Grassroot
The Nigerian Postal Service (Nipost) and One Network working with financial services Institutions and other service providers are to provide financial and other value added services to the entire…
- 25 Aug 2013
Verve Cards Goes Live in US, Europe
Verve International, an indigenous electronic payment card scheme has perfected arrangement that will enable its Verve card to be accepted at ATMs and point-of-sale (PoS) terminals in the US, Europe…
- 18 Oct 2021
CBN Adds Feature to Make eNaira available without Internet-Enabled Phones
Central Bank of Nigeria (CBN) has announced that the yet-to-be-launched eNaira will have a new add-on that will enable users to complete transactions with mobile phones without Internet capability.…
- 30 May 2014
Nigeria’s Retail Sector has Bright Future, Says Oduoza
Phillips Oduoza, group managing director, United Bank for Africa (UBA) Plc, has said that Nigeria ’s retail sector holds huge potential for growth. Oduoza said this in a keynote address at the 2014…
- 5 Dec 2025
CBN’s New Cash Policy: A Welcome Liberalisation or a Risky Retreat?
By Blaise Udunze On December 2, 2025, the Central Bank of Nigeria (CBN) announced a policy that significantly departs from the cash-restriction measures Nigerians have faced lately. The apex bank…
- 1 Apr 2015
Court Grants PIN, PPDC Leave to Sue NIMC over Information on National ID Card Contract
A Federal High Court in Abuja has granted two non-governmental organizations leave to challenge the refusal of the National Identity Management Commission (NIMC) to provide them with the procurement…
- 10 Jun 2018
Danbatta, NCC Boss Assures of Resolution of N165Bn Interconnect Debt
Prof. Umar Danbatta, executive vice chairman, Nigerian Communications Commission (NCC), has said that the commission was taking pragmatic steps to resolve the N165 billion interconnect debt owed by…
- 7 Jun 2018
We are Taking Steps to Resolve the N165 billion Interconnect Debt – Danbatta
Prof. Umar Danbatta, Executive Vice Chairman, Nigerian Communications Commission (NCC) on Thursday said the commission was taking pragmatic steps to resolve the N165 billion interconnect debt owed by…
- 28 Oct 2015
MasterCard to Drive Payments for the Internet of Things
As the market for the Internet of Things and wearables continues to take shape worldwide, MasterCard wants to be at this shift's forefront — and is giving companies the ability to add payment…
- 31 Aug 2010
CBN Secures ATM Transactions, Boosts Traffic on NCS
Central Bank of Nigeria (CBN) has directed banks in the country to connect to the Nigeria Central Switch (NCS) by December 1, in one of the many efforts by the apex bank to shore up confidence in the…