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Image for Simplifying Nigeria’s Payment System
Simplifying Nigeria’s Payment System

26/04/2021 11:00:00

There is no doubt that over the years, Nigeria has made noticeable progress in its desire to create a robust payment system through several reforms targeted at restoring confidence in the system. Indeed, a sound payment syste..

Image for NIBSS Position paper on Open Banking – December 2018
NIBSS Position paper on Open Banking – December 2018

23/08/2020 09:24:30

**INTRODUCTION** Open Banking involves the use of open APIs (Application Programming Interface) which were earlier on seen as propriety, intellectual properties of financial institutions (Deposit Money Banks), to power digi..

Image for FirstBank has processed N6trn transactions through FirstMonie network — Adeduntan
FirstBank has processed N6trn transactions through FirstMonie network — Adeduntan

23/08/2020 09:18:21

Dr Adesola Adeduntan, FirstBank Chief Executive Officer, disclosed this on Thursday, at the bank’s FinTech Summit 4.0 webinar in Lagos. The 2020 edition of the summit, was themed; “How Blockchain and Artificial Intelligenc..

Image for EXPLAINER: CBN’s new GSI Policy: What bank customers need to know
EXPLAINER: CBN’s new GSI Policy: What bank customers need to know

23/08/2020 09:17:30

On August 1, a new policy that will deny serial bad debtors any cover to operate went live in the Nigerian banking system. The Central Bank of Nigeria (CBN) says the Global Standing Instruction (GSI) policy will facilitate im..

Image for E-bills payment rises by 86%, reaches N444.16bn
E-bills payment rises by 86%, reaches N444.16bn

23/08/2020 09:16:39

The payment of bills electronically almost doubled from January to May this year, compared with the same period in 2019. Analyses of the latest data from the Nigerian Interbank Settlement Scheme indicated that the use of d..

Image for NIBSS Instant Payments (NIP) – The Game Changer
NIBSS Instant Payments (NIP) – The Game Changer

23/08/2020 09:15:29

[image]Blog/toppic-768x435.png[/image] **Overview of the NIBSS Instant Payments (NIP)** NIBSS Instant Payments (NIP) is an account-number based, online-real-time Inter-Bank payment solution developed in the year 2011 by ..

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