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Risk and Compliance Professionals Convene at Piggyvest’s Inaugural Cybersecurity Roundtable

The event, themed Unified Front: Tackling Industry-Wide Fraud Challenges Together, was designed for stakeholders to engage in meaningful discussions, share insights, collaborate on best...

Business

Identity Challenge Resolution Will Reposition Capital Market – SEC DG

The Securities and Exchange Commission has said the resolution of identity management issues would help reposition the Nigerian capital market for greater potential.The Director...

Business

Non-deposit banks to be barred from fund transfer channels – NIBSS

The non-deposit-taking financial institutions include switching companies, payment solution service providers, and super agents.Meanwhile NIP fund transfer channels include USSD, mobile banking apps, POS,...

Business

NIBSS Orders Banks To Disconnect Payment Service Providers, Super Agents From Transfer List

The Nigeria Inter-Bank Settlement System has directed banks to remove Payment Solution Service Providers, Switches and Super Agents from its outward transfer list.The NIBSS...

Business

PiggyVest, Opay, Others React As Customers Panic Over NIBSS Directive To Remove Payment Service Providers

Mobile Money Operators (MM0s) and Financial Technology firms have reacted to the new directives from the Nigeria Inter-Bank Settlement System (NIBSS) for banks to...

Business

Cheque Transactions Drop To N283.4bn As Businesses Migrate To E-Payment

Nigerian businesses are gradually migrating to electronic payments as the value of transactions using cheques dropped to N282.4bn in March.This shows a 3.41 per...

News

Slow compliance despite CBN order, banks ration old notes

• Business owners, traders defy CBN, reject old N500, N1,000 • CBN silent on returned banknotes, warehoused cash • Residual notes amount to drop in ocean,...

Business

Naira scarcity pushes PoS transactions up by 40% in January

The figure represents a 40.69 per cent year-on-year increase from the N573.72bn transactions that was done in January 2022.According to the new data, total...

Business

More Nigerians go cashless, as mobile transactions volume doubles in 11 months

The Nigeria Interbank Settlement System (NIBSS) has revealed that more Nigerians are going cashless as the volume of financial transaction through mobile devices has...

Business

Online transfers hit N2.1trn in November 2022-NIBSS

Nigeria Inter-Bank Settlement System (NIBSS) data indicate that bank customers in Nigeria transferred a total of N2.1 trillion over mobile in November 2022. The...

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Maiden media chat: Tinubu showed brilliance, composure...

Shettima laments stampede tragedies, offers prayers for...

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