9 h. ago How CBN expands Nigeria’s payment frontiers with naira cards use abroad

•As stakeholders offer way forward for Nigeria’s economy By Mustafa Biodun In recent years, the Central Bank of Nigeria (CBN has implemented difficult reforms to tackle long-standing obstacles weighing on price and exchange rate stability. The reforms are not only beginning to show positive results, but have triggered rise in international reserves, improved access to […] The post How CBN expands Nigeria’s payment frontiers with naira cards use abroad appeared first on The Sun Nigeria.

Politics

23 h. ago Senate Proposes N200m Compensation For Family Of Boy Allegedly Killed By NDLEA Officer

The Nigerian Senate has recommended payment of N200 million as compensation to the family of Ivan Onose Omhonrina, a two-year-old boy allegedly killed by a stray bullet shot by a personnel of the National Drug Law Enforcement Agency (NDLEA) in Delta State. The incident on July 13, 2023, which sparked widespread outrage and grief across […]

Events

3 d. ago CBN, banks expand payment frontiers with naira card usage abroad

Nigerian banks last week resumed international usage of naira debit cards, setting various spending limits as foreign exchange (FX) conditions read more CBN, banks expand payment frontiers with naira card usage abroad

Politics

6 d. ago Opeifa visits NRC Northern district, assures retirees of pension payment

Tribune Online Opeifa visits NRC Northern district, assures retirees of pension payment The Managing Director of the Nigerian Railway Corporation (NRC), Dr. Kayode Opeifa, paid a working visit over the weekend to Opeifa visits NRC Northern district, assures retirees of pension payment Tribune Online

Politics

9 d. ago Platnova expands global payment access with Apple Pay in Nigeria

Platnova has become the first Nigerian platform to support Apple Pay, marking a key development in the country’s digital finance read more Platnova expands global payment access with Apple Pay in Nigeria

Politics

1 week ago How CBN’s regulatory reforms have transformed Nigeria’s instant payment system

Tribune Online How CBN’s regulatory reforms have transformed Nigeria’s instant payment system By Ayobami Oyalowo IN the past decade, Nigeria has emerged as a continental leader in digital payments, boasting one of the most dynamic and fastest-growing instant payment systems in the world. At the core of this transformation is the Central Bank of Nigeria’s (CBN) forward-looking regulatory strategy, especially its Payments System Vision 2025 (PSV2025) which […] How CBN’s regulatory reforms have transformed Nigeria’s instant payment system Tribune Online

Politics

1 week ago SCM Capital, Energy Sector Fund to pay investors N307 coupon/unit

SCM Capital Asset Management Limited, the Fund Manager of the Nigeria Energy Sector Fund (NESF), has announced a coupon payment read more SCM Capital, Energy Sector Fund to pay investors N307 coupon/unit

Economics

2 w. ago NLC Demands 100% Salary As Widowhood Leave Allowance, Others

The Nigerian Labour Congress (NLC) has demanded the payment of 100% of monthly-basic salary as widowhood leave allowance while the holiday, which must last between 30 days, be applicable to both widows and widowers in service. NLC president, Comrade Joe Ajaero, made the demands at a pubic hearing on six bills seeking to address key […]

Politics

2 w. ago Woven Finance partners with leading banks to improve business payment collections in Nigeria

Woven Finance has entered into partnerships with VFD Bank and Globus Bank to improve how businesses collect payments in Nigeria. read more Woven Finance partners with leading banks to improve business payment collections in Nigeria

Economics

2 w. ago Banks’ assets hit N170trn as finance sector boosts GDP by 5.8% – Report

Nigeria’s payment infrastructure ranks most advanced in Africa From Adanna Nnamani, Abuja Nigeria’s Financial and Professional Services (FPS) sector recorded a strong performance in 2024 despite tough economic conditions, with Deposit Money Banks (DMBs) growing their assets to N170.02 trillion, about 63.1 percent of the country’s total GDP. This is according to the State of […] The post Banks’ assets hit N170trn as finance sector boosts GDP by 5.8% – Report appeared first on The Sun Nigeria.

Politics

3 w. ago NULGE suspects diversion, warns CBN against payment of Osun LG funds

The Osun State chapter of Nigeria Union of Local Government Employees (NULGE) has warned the Central Bank of Nigeria (CBN) read more NULGE suspects diversion, warns CBN against payment of Osun LG funds

Events

3 w. ago NIBSS unveils National Payment Stack to transform instant payment

Nigeria Inter-Bank Settlement System (NIBSS) has unveiled National Payment Stack (NPS), a new payment solution to transform instant payment in read more NIBSS unveils National Payment Stack to transform instant payment

Politics

3 w. ago Telcos back new USSD rules as CBN, NCC resolve payment gridlock

By Chinenye Anuforo chinenyeanuforo@gmail.com    The Association of Licensed Telecommunications Companies of Nigeria (ALTON) has thrown its weight behind the new USSD billing policy End User Billing (EUB) introduced by the Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN). The policy, which mandates direct deduction of Unstructured Supplementary Service Data (USSD) service […] The post Telcos back new USSD rules as CBN, NCC resolve payment gridlock appeared first on The Sun Nigeria.

Politics

3 w. ago Smartcash, Leadway Team Up To Simplify Motor Insurance With USSD, App

Smartcash Payment Service Bank (PSB), a subsidiary of Airtel Nigeria, has partnered with Leadway Assurance to launch a seamless, mobile-based motor insurance service, a move to revolutionise insurance accessibility across Nigeria. This collaboration enables Nigerians to purchase or renew insurance plans directly from their phones using the Smartcash app, eliminating the need for physical paperwork […]

Politics

3 w. ago 9PSB launches digital collections platform to boost businesses

9 Payment Service Bank (9PSB), one of Nigeria’s first payment service banks, has launched its Bank9ja Merchant Collect product, designed read more 9PSB launches digital collections platform to boost businesses

Politics

4 w. ago CBN halts profit sharing, overseas investments for banks under special support

The Central Bank of Nigeria (CBN) has temporarily suspended the payment of dividends, executive bonuses and foreign investments by banks currently under regulatory forbearance. This is part of a strategy to reinforce financial discipline and protect the stability of the banking sector. The directive affects only those banks that are receiving temporary regulatory relief, commonly […] The post CBN halts profit sharing, overseas investments for banks under special support appeared first on The Sun Nigeria.

Politics