Disturbing trends in financial fraud and cybercrimes have put at risk electronic payment or e-payment transactions, now estimated to be worth an average of N30.2 trillion monthly.
The Nigeria Deposit Insurance Corporation (NDIC) said depositors of 20 liquidated deposit money banks (DMBs) have been paid 100 per cent
Baobab Microfinance Bank Limited and its sister company, Baobab Plus, have expanded their credit purchase scheme to smartphones as part of plans to deepen financial inclusion across the country.
Two bank stocks – Access Bank and Sterling Bank Plc –drove activities in the financial service sector of the Nigerian Exchange Limited (NGX) last week.
For domiciliary account operators, transactions are now one-way – they can deposit but can hardly withdraw from their accounts, except through card usage. Even deposits are scanty as customers are increasingly wary...
The Central bank of Nigeria (CBN) is working with the Nigeria Inter-Bank Settlement System Plc (NIBSS), as well as the Bankers Committee to roll out a new card scheme to scale up the electronic payment
Banks may have continued to offload excess payrolls notwithstanding the gradual recovery of the economy after the devastating impacts of COVID-19.
The volatility witnessed in the third quarter (Q3) amid rising interest rates, insecurity and other economic challenges, exacerbated by uncertainty in the global economy
Data obtained by The Guardian from the Central Bank of Nigeria (CBN) suggest that money deposit banks (DMBs) could be struggling to park excess cash holdings despite low access to funds by the real sector.
Failing banks’ electronic payment (ePayment) channels have continued to compound the woes of the banking community with Nigerians, who make use of the platforms for transactions, being frustrated
To ensure that Nigeria meets its climate change commitment, the Nigerian Conservation Foundation (NCF) and the Central Bank of Nigeria (CBN) have charged banks and other businesses to adopt sustainability
The recent increase in minimum interest rates on savings accounts could see time depositors liquidating their holdings in the coming months in preference for the former, market intelligence suggests.