The Central Bank of Nigeria has issued a 30 days ultimatum to Payment Service Providers (PSPs) in the country to adhere to the revised routing instructions...
Going by directives from the Central Bank of Nigeria (CBN) based on the cybersecurity levy, for PoS operators to register their agents, merchants, and individuals, it...
The value of transactions on point of sales (PoS) terminals across the country totalled N4.7trn in 2020, an amount which is 48 per cent higher than...
The Central Bank of Nigeria (CBN) has reviewed its guidelines for the operation of electronic payment channels in the country and has directed banks and payment...
The value of transactions executed online by bank customers rose to N11.44 trillion in March 2020, the latest statistics from the Nigeria Inter-Bank Settlement System (NIBSS)...
Data obtained on Monday from the Nigeria Inter-Bank Settlement System (NIBSS) has revealed declined transactions on Point of Sales terminals all over the country. This decline...
The Central Bank of Nigeria (CBN) has said that technological developments in the banking sector has led to the increase of electronic system of payment between...
