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CBN: Completed e-payment transactions hit N203 trillion

Electronic payment (e-payment) transactions worth N203.35 trillion were carried out by banks between January and June 2019, Central Bank of Nigeria (CBN) half-year e-payment figures have shown.

Central bank to sanction banks for e-payment breach

Bank chiefs who breach Central Bank of Nigeria’s (CBNs) e-payment reporting rules, including using unapproved third party end-to-end payment solution are to face sanctions, the apex bank said on Tuesday.

Central bank urges fintechs, payment service providers to stick to standards

The Central Bank of Nigeria has urged financial technology companies, payment service providers and Deposit Money Banks engaged in offering payment solutions to customers to ensure they adhere to policy framework and standards that guide their respective operations in the ecosystem in which they operate.

NPA generates over $45.2 million from Delta ports

The Nigerian Ports Authority (NPA) Delta Ports, says it generated over $45.2 million within January and June 2019, a significant increase attributed to the improved security in the area.

Central bank to implement new collateral management regime

The move is in line with ongoing efforts to evolve a robust collateral management regime which would be proportionate to transactional level of participants within the payment system.
Point of Sale - POS

NIBSS, others move to tackle e-payment failures

According to Ajao, the TAT had been configured at 15 seconds in agreement with banks and processors. However, delayed responses from Issuers after this timeout in recent times could cause authorised debits not to return to the terminal before the set TAT.
e-Payment - iStock

Nigeria’s e-payment transactions hit N56.85 trillion

Latest report from the Nigerian Interbank Settlement System (NIBSS), has shown that Nigeria’s electronic payment (e-payment) services, recorded transactions worth N56.85 trillion between January and end of September, 2018.

Financial inclusion rate hits 63.6 percent in 2018

Managing Director, Nigeria Inter Bank Settlement System (NIBSS), Mr Niyi Ajao, says the nation’s financial inclusion rate has increased to 63.6 per cent in 2018 from 45.4 per cent recorded in 2016.
Association of National Accountants of Nigeria (ANAN) | Shehu Ladan

ANAN lauds President Buhari on transparency, corruption

The Association of National Accountants of Nigeria (ANAN) has commended President Mohammadu Buhari initiative to address the challenges of transparency, accountability, corruption and poor service delivery through Public Finance Management reforms.

3,000 pensioners shortlisted for payment of pension/gratuity in Ebonyi

No fewer than 3,000 Retirees of Ebonyi State Work Force have been shortlisted for the payment of Pension and Gratuity from the State Government, having successfully been captured in the ongoing verification exercise conducted by the State Ministry of Finance and Economic Development.

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