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

08/23/2020 21:18:21

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

08/23/2020 21:17:30

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 FITC/NIBSS to host largest financial services sector cybersecurity conference in Africa
FITC/NIBSS to host largest financial services sector cybersecurity conference in Africa

11/01/2020 21:07:34

The global cyber threat continues to evolve at a rapid pace, with a rising number of data breaches each year. A report by Risk Based Security revealed that a shocking 7.9 billion records have been exposed by data breaches in ..

Image for The Rising Fortune of Digital Payment Platforms
The Rising Fortune of Digital Payment Platforms

11/01/2020 21:53:30

The cashless policy introduced by the Central Bank of Nigeria (CBN) in 2012 which required a daily total limit of N500,000 and N3,000,000 on free cash withdrawals across all accounts owned by individual and corporate customer..

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

08/23/2020 21:16:39

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 Headline: COVID-19 Raises Mobile Transactions By 384% to N1.4trn In 7months
Headline: COVID-19 Raises Mobile Transactions By 384% to N1.4trn In 7months

11/01/2020 21:00:46

Value of financial transactions carried out via mobile transactions amounted to N1.4 trillion from January to July 2020, representing a 384 per cent increase, according to figures released by the Nigeria Inter-Bank Settlement..

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