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E-Payment operators to pay N10, 000 fine per day for failure...

  The Central Bank of Nigeria (CBN) has said National Payment System Operators will be paying a fine of N10,000 per day if they fail...

IMF calls on Nigerian government to tackle high inflation rate

  The International Monetary Fund has called on the Nigerian government through the monetary and regulatory authorities to roll out policies that would bring down...

Nigerian banks record 213.69m transactions in Q3 2017

  The Nigeria Bureau of Statistics (NBS) has revealed that a total volume of 213,693,964 transactions, representing N19.33trillion was recorded by Nigerian banks in the...

IFIS obtains CBN final approval, crosses the 10,000 agents’ mark

  The Central Bank of Nigeria (CBN) has granted a Commercial Super-Agent license to Interswitch Financial Inclusion Services (IFIS), a subsidiary of Interswitch Group. The license...

USSD now most accessible channel for financial transactions – NIBSS

  By Martin Ekpeke The Nigeria Interbank Settlement System (NIBSS) has given a verdict that the Unstructured Supplementary Service Data (USSD) technology platform has become the...

GTBank apologises to customers for service disruption

  By Martin Ekpeke Africa’s leading African financial institution, GTBank Plc has apologized to its customers over the service disruption that happened in the bank yesterday,...

Nigeria saves N192 Bn through NOTAP in seven years

  Nigeria, one of Africa’s most populous countries has been able to save a whopping N192 billion through the National Office for Technology Acquisition and...

CBN adduces reasons for review on mobile money transaction

  By Emmanuel Osie The Central Bank of Nigeria (CBN) has given reasons why it decided to review daily mobile money wallet transaction and balance limit,...

Expert calls for regulation of Blockchain technology

  By Martin Ekpeke A digital currency enthusiast and Coordinator of Blockchain Nigeria user group,  Mr. Chimezie Chuta has called on the Nigerian government through the...

Strengthening the Financial Services Industry with Cognitive Security

  Is it possible for any organisation to fight cybercrime without the aid of artificial intelligence or machine learning, especially, for those with complex systems like...

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