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..
**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 ..
The United Nations Development Programme (UNDP) measures human development across countries in three basic dimensions: a long and healthy life, access to knowledge and a decent standard of living. Financial ..
**What is SANEF?**
SANEF (Shared Agent Network Expansion Facility) is a project powered by the Central Bank of Nigeria, Deposit Money Banks, Nigeria Inter-Bank Settlement Systems, Chartered Institute of Bankers of Nigeria, l..
1. **THE STATE OF POINT OF SALE TERMINALS USE IN NIGERIA**
Card payments on Point of sale (POS) terminals in Nigeria have grown in volume from a paltry 5,000 monthly volume in 2011 to 30Million in November 2018, all thanks..
Alan Greenspan, the US Federal Reserve Bank Chairman from 1987 to 2006, wrote in his book, ‘The Age of Turbulence,’ about his greatest worry when September 11 happened in the US that ‘If you wanted to cripple the U.S. economy..