Weekly Newsletter
Excepteur sint occaecat cupidatat non proident
Nigeria Inter-Bank Settlement System
FICAN convenes NDIC, BOI, others to discuss $1 trn economy at 2024 conference
By Chioma Obinagwam The Nigeria Deposit Insurance Corporation (NDIC), the Central Bank of Nigeria (CBN), the Bank of Industry (BoI), the United Bank...
What Nigeria’s new national identity card looks like? How to partake?
The Nigerian government has said it plans to launch a new national identity cards that enables payment and social service delivery. Confiance...
Naira redesign: Nigeria’s cashless transactions leaps to N39trn
Following the recent naira redesign announced by Nigeria’s apex monetary authority, the Central Bank of Nigeria (CBN), total cashless transactions conducted in Nigeria...
Momo PSB drags 18 banks to court over alleged 23bn fraud
Momo Payment Service Bank Limited (MPSBL), a banking subsidiary of MTN Nigeria has charged the Federal High Court to compel 18 commercial banks...
Understanding CBN’s new GSI policy
On August 1, a new policy that will deny serial bad debtors any cover to operate went live in the Nigerian banking system....
Financial ingenuity: Unity Bank Introduces USSD in Nigerian Languages
By Chioma Obinagwam Unity Bank Plc has launched an Unstructured Supplementary Service Data, USSD banking in Nigeria’s three major languages – Yoruba,...
Eid-el-Fitri: Financial transactions suffer on NIBSS’ 21% failure
Bank customers all over Nigeria had a hectic time using the electronic channels to transact on Tuesday as operations of the Nigeria Inter-Bank...
Sterling Bank FY 2018 profit leaps by 15% on innovation
By Chioma Obinagwam Sterling Bank Nigeria Plc has said that its full year 2018 profit increased by 15 percent. The bank disclosed in...
SEC moves to tackle identity theft in capital market
By Chioma Obinagwam Nigeria’s apex regulator, the Securities and Exchange Commission (SEC), has said that it is working with other major stakeholders...
Don't Miss
Again Ikeja Electric customers experience frustration in recharging energy tokens
By Chioma Obinagwam Customers of Ikeja Electric Distribution Company (DisCo) have been thrown into darkness because they cannot buy tokens and some of...