Central Bank of Nigeria (CBN) has said that a bank verification number (BVN) platform will be launched by December for Nigerians in the diaspora. Olayemi Cardoso,...
National Identity Management Commission (NIMC) has said that Nigerians will pay through their banks to access general multipurpose card, Abisoye Odusote, director general/CEO, NIMC who stated...
Customers of leading commercial banks in Nigeria paid N45.9 billion as account maintenance fees in the first half of the year (H1’22). According to Vanguard, this...
Federal government is set to make a total of N483.73bn in three years from electronic payment boom by way of the Electronic Money Transfer Levy, according...
Online payments reached record heights in Nigeria in the third quarter of 2020, when the value of transactions increased to $116 billion from $68.3 billion in...
Unity Bank Plc has launched an Unstructured Supplementary Service Data, (USSD) banking in Nigeria’s three major languages – Yoruba, Hausa and Igbo, making it the first...
Inactive bank accounts rose by four million or 10 percent to 45 million in one year period ending October 31, 2019 from 41 million as at...
Forging Inclusive growth in payment systems and financial inclusion initiatives In Nigeria was the theme of this year’s edition of the annual Business Day Mobile Money...
Central Bank of Nigeria (CBN) and Dermalog BMS, a German company, have signed a $50 million Banking Industry Biometric Solutions Project in furtherance of the regulator’s...
Nigerian Interbank Settlement Systems (NIBSS) recorded over 2 million successful Point of Sale (PoS) transactions valued at N38.6 billion for the year ended November 2012. NIBSS...
