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Image for Value of Online Transactions in Nigeria Hit $116 Billion in Q3 2020
Value of Online Transactions in Nigeria Hit $116 Billion in Q3 2020

22/03/2021 12:40:09

After a massive drop during the COVID-19-induced lockdown, the volume and value of online transactions in Nigeria hit new heights in Q3 2020, pointing to improved economic activities following the relaxation of the lockdown. ..

Image for Headline: Banks Record 1m BVN Registrations In 2 Months ...Database swells to 44m
Headline: Banks Record 1m BVN Registrations In 2 Months ...Database swells to 44m

22/03/2021 12:32:23

Enrolments for the Biometric Verification Number (BVN) by bank account owners in the country rose by one million in the last two months, New Telegraph has learnt. According to the data released by the Nigeria Inter- Bank Sett..

Image for Report: Nigeria’s e-Payment Transactions Hit N17.3tn in September
Report: Nigeria’s e-Payment Transactions Hit N17.3tn in September

22/03/2021 12:18:45

The total value of transactions in the country through electronic payment (e-Payment) channels, which included Point of Sale (PoS), the Automated Clearing House (ACH) and the Nigeria Interbank Settlement System Instant Paymen..

Image for Electronic Payment Transactions Hit N111.29tn in Nine Months
Electronic Payment Transactions Hit N111.29tn in Nine Months

14/03/2021 07:14:56

The value of transactions via the two digital payment platforms – Nigeria Interbank Settlement System Instant Payment System and Point of Sales terminals – rose to N111.29tn from January to September this year. The two pla..

Image for NIBSS Insight: Fraud in the Nigeria Financial Services
NIBSS Insight: Fraud in the Nigeria Financial Services

13/03/2021 02:01:01

Fraud. A common word, and a global phenomenon that seeks to take advantage of vulnerabilities in various systems in order to criminally achieve a financial gain. Nigerians have long been perceived to have perpetrated some of ..

Image for How the financial industry in Nigeria can adapt to the Covid-19 pandemic: Focus on Payments
How the financial industry in Nigeria can adapt to the Covid-19 pandemic: Focus on Payments

13/03/2021 02:00:05

Approximately three months after the coronavirus pandemic became a national priority with wide ranging implications on various sectors of the economy, it is apparent that its effect on payment systems and financial institutio..

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