10 results
- 5 Apr 2022
Knox Wire Mulls Real-time Cross-border Financial Solutions in Nigeria
Knox Wire has said it will host top executives of Nigeria’s leading banks and financial institutions on provision of financial solutions. A statement said the firm, which has increasing global…
- 30 Nov 2009
RTGS Replacement: Perago Africa, CMA, Montran Meet CBN Requirements
Going by the critical requirements established by the Central Bank of Nigeria (CBN) for the Request for Proposal (RFP) for the deployment of a new Real-Time Gross Settlement (RTGS) solution for the…
- 9 Jan 2014
Pressure on Sanusi to Quit as CBN Governor
The office of the governor of the Central Bank of Nigeria (CBN) is embroiled in a web of claims and counter charges as the presidency has reportedly asked Mallam Sanusi Lamido Sanusi, the governor to…
- 30 Apr 2018
CBN to Sack Banks’ CEOs, Others over Delayed Accounts
Any bank which fails to publish its annual account 12 months after the financial year end will have its chief executive sacked, Godwin Emefiele, governor, Central Bank of Nigeria (CBN) has said.…
- 21 Jan 2026
Banks to Cut Fraud Response Times to Under 30 Minutes
Banks in the country have agreed to reduce fraud response times to under 30 minutes, a move expected to significantly improve recovery outcomes and limit systemic risk, according to the Central Bank…
- 1 May 2024
PAPSS Set for Expansion To Boost Intra-Africa Payments
The Pan African Payment and Settlement System (PAPSS) which was launched to make cross-border transactions seamless, is set to capture more markets in Africa. The plan was disclosed last week by the…
- 25 Feb 2020
Luno Introduces Ripple
In 2019 Luno promised that more coins would be available and close on the heels of Bitcoin Cash being introduced, Ripple XRP will now be launched, expanding the Lunoverse for all customers. Ripple…
- 26 Apr 2021
Nigeria’s Electronic Banking Transactions Improve to Over N356 Trillion
Nigeria’s banking sector is witnessing surge in electronic transactions which is further boosted by COVID-19 pandemic. According to National Bureau of Statistics, NBS, Q4, 2020, data, electronic…
- 22 May 2022
FG Charges NAICOM to Boost Insurance Sector’s Contribution to GDP
Mrs Zainab Ahmed, minister of Finance, Budget and National Planning, has charged the National Insurance Commission (NAICOM) to boost the sector’s contribution to the Gross Domestic Product (GDP),…
- 20 Feb 2019
Withdrawals ahead of Postponed Elections Hit 2.2m
Nigeria Inter-Bank Settlement System (NIBBS) has shown that bank customers carried out about 2.2 million transactions on the NIBBS Instant Pay platform a day to the postponed presidential and…