Appointments: Tinubu appoints new EVC for NCC, NIGCOMSAT, others
President Bola Tinubu has approved, with immediate effect,  the appointment of new and returning chief executives to fresh terms in office in parastatals under  the Ministry of Communications, Innovation and…
Unclaimed dividends in capital market hits N190bn — SEC
Aug. 25, 2023 The Securities and Exchange Commission (SEC) says that the unclaimed dividends figure in the nation’s capital market currently stands at N190 billion. Mr. Lamido Yuguda, the Director-General…
Data Bureau investigates GTBank, Zenith for alleged data breach; lauds CBN
The Nigeria Data Protection Bureau (NDPB) has begun investigation into allegations of data breach by two Nigerian banks, GTBank and Zenith Bank. The banks were alleged to have been involved…
Stamp duty: The interview that exposed the floodgate of fraud and those involved
This interview by LEAKS.NG, an independent whistleblowing platform, in 2019 revealed the roles of the dramatis personae in the Stamp Duty saga. Mr Adetola Adekoya, of the School of Banking…
NIBSS to launch ‘scan to pay’ QR code driven payment solutionÂ
The Nigeria Inter-Bank Settlement System Plc (NIBSS) on Wednesday said it would be launching a Quick Response (QR) code driven payment solution in partnership with all financial service providers. NIBSS…
Senate investigates CBN over N20trn unremitted stamp duties
The Senate has mandated its Committee on Finance to probe the non-remittance of over N20 trillion into the Federation Account by Central Bank of Nigeria, an amount collected as…
CBN sets out procedures for effective integration of indirect participants in the payments system in Nigeria
The Central Bank of Nigeria (CBN) has issued regulatory guidelines for the operation of Indirect Participants in the Payments System, with effect from Nov. 11. The apex bank made this…
NBS Selected Banking Sector Data places e-payment transactions value at over N34 trn in Q1, 2019
The National Bureau of Statistics (NBS) says a total volume of 557,083,712 electronic-payment transactions valued at N34.02 trillion were recorded in selected banks across the country in the first quarter,…
Trader Moni Loans: 28,000 Disbursements Across 10 States Has Been Achieved Since After The Elections- FG
Contrary to speculations in some quarters, the TraderMoni scheme and other GEEP micro-credit products (MarketMoni and FarmerMoni) a component of the Buhari administration’s Social Investment Programme, SIP, are…
NIBSS Upgrades System, Projects 600m PoS Transaction Volume in 2019
Niyi Ajao, Acting Managing Director, NIBSS Mr Niyi Ajao, the Acting Managing Director, Nigerian Inter-Bank Settlement System (NIBSS), says the company has upgraded its systems to accommodate an…