By Kayode Tokede Nigeria Interbank Settlement System (NIBSS) has disclosed financial transactions via Nigerian Interbank Settlement System Instant Payment (NIP) and Pointy of Sales (PoS) terminals in the country grossed N64.34trillion in the first quarter of 2021. The latest data…
By Kayode Tokede Sterling Bank Plc has launched OnePay for Business, a mobile app that empowers merchants to use their mobile phones as Point-of-Sales systems. It allows merchants and their customers to receive and make cardless, contactless and cashless payment…
By Kayode Tokede FirstBank, Nigeria and indeed West Africa’s premier financial inclusion services provider has announced the launch of its newly designed website at The new website is upgraded with features that are streamlined to reinforce its role in delivering…
By Kayode Tokede Jaiz Bank Plc, the premier Non-Interest Bank in Nigeria has deployed the newly introduced Quick Response Code (NQR) to Fraser Suites in Abuja as part of the Bank’s efforts to drive contactless payment solutions in the country.…
By Kayode Tokede The Securities and Exchange Commission (SEC) says it is working with the Central Bank of Nigeria (CBN) for better understanding and regulation of cryptocurencies in the country. The Director-General, SEC, Lamido Yuguda, said this at the 2021…
By Kayode Tokede The International Monetary Fund (IMF), says sub-Saharan Africa’s low-income countries face additional external funding needs of about 245 billion dollars over the next five years or 425 billion dollars for the whole region. IMF’s Director, African Department,…
By Kayode Tokede The Central Bank of Nigeria (CBN) has disclosed that the nation’s foreign reserves gained $61.2million in three days from $35.14 billion on Monday to $35.19billion as at Wednesday. The foreign reserves, according to Nigerian NewsDirect investigation reached…
The Debt Management Office (DMO) says its published debt stock for the country is not for the Federal Government alone. The Director-General of DMO, Mrs Patience Oniha, on her twitter handle on Wednesday said that the debt stock included those…
The Financial Reporting Council of Nigeria (FRCN) on Wednesday promised to fix grey areas in the newly approved Audit Regulations 2020. Acting Executive Secretary, FRCN, Dr Iheanyi Anyahara made the pledge at a stakeholders’ interactive webinar organised by the Institute…
Naira at the Investors & Exporters Foreign Exchange ( I & E FX) window gained 0.12 per cent to N410.50 against the Dollar on Wednesday. Also, Naira at the I& EFX window, lost by 0.52per cent and 0.49 per cent…
