At the backdrop of sustained increases in the adoption of electronic payment system the Nigeria Inter-Bank Settlement System (NIBSS) has said that instant payments increased to...
Guaranty Trust Bank (GTBank) Limited has been named as the Best Bank in Corporate Social Responsibility (CSR) in Nigeria at the prestigious Euromoney Awards for Excellence...
The Central Bank of Nigeria (CBN) has temporarily withdrawn its biennial Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for 2024-2025 following widespread media misreporting. This...
The Central Bank of Nigeria (CBN) has indicated its readiness to enforce the controversial cybersecurity levy, albeit at a significantly reduced rate, for the 2024-2025 fiscal...
The Central Bank of Nigeria (CBN) has issued a strong warning to commercial banks, payment system service providers, and other financial institutions regarding delays in responding...
A surge in fraudulent activities across banking platforms in Nigeria led to a loss of N42.6 billion by Nigerian banks in three months between April and...
The Central Bank of Nigeria has directed that all Point of Sale operators must route transactions through licensed payment terminal service aggregators. A circular posted on...
The Central Bank of Nigeria has directed all Payment Service Providers to route all transactions from PoS terminals at merchant and agent locations — physical or...
The Nigerian banking sector is facing significant challenges that could impede its growth and innovation. Tony Elumelu, Chairman of UBA Group, has said that high regulatory...
– Business owners lose millions as banking operations grind to a halt – Medical emergencies stall as bank’s failed upgrade locks users out of their funds...
