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The Bauchi state government has debunked the allegation of the non-payment of July salaries in the state, saying that no legitimate civil servant in the state will be deprived of his or her salary as it has so far paid more than sixty percent of its workers their July salaries.
The Minister for Labour and Employment, Senator Chris Ngige, on Tuesday, shocked the members of the House of Representatives Ad-hoc Committee investigating the Nigeria Social Insurance Trust Fund (NSITF) when he alleged that the suspended MD awarded about 332 different contracts worth about N4.448 billion in one day.
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.
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.
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.
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.
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.
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.
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.
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.
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.
An Upper Area Court sitting in Kasuwan Nama in Jos on Tuesday sentenced two labourers to four years each imprisonment for stealing a cell phone.
A dollar rebound faltered on Tuesday as political wrangling over a United States relief plan and the gloomy outlook weighed on the currency.
A former Senator, who represented Kaduna Central senatorial district, Shehu Sani, has warned that the killings in the southern part of Kaduna State is a threat to the peaceful coexistence in Nigeria.
NDDC invites President Buhari to commission signature project, stands by list Senator Akpabio submitted...
The Niger Delta Development Commission, NDDC, has invited President Muhammadu Buhari to commission the 29-kilometre Ogbia-Nembe Road in Bayelsa State. The road, built in conjunction with the Shell Petroleum Development Company, SPDC, creates a land link to the ancient city of Nembe for the first time.
President Muhammadu Buhari has once again lamented the loss of the late publisher and businessman, Mallam Isma’ila Isa Funtua, describing his demise as a major national loss.
Yoruba socio-cultural group, Afenifere, says the late Pa Ayo Fasanmi who died on Wednesday at the age of 94 lived a life of fulfillment.
Former Nigeria coach, Sunday Oliseh, is elated that Mikel Arteta proved his worth by leading Arsenal to a 2-1 win over Chelsea in the FA Cup final on Saturday.
The ruling All Progressives Congress has dismissed the call for credible elections in Edo and Ondo States by the forum of Peoples’ Democratic Party governors as a smokescreen.
Former Super Eagles defender Sam Sodje has stated confidently that the newly crowned most expensive player in Africa, Victor Oshimen, will be a success in Napoli.
Boko Haram jihadists killed at least 10 civilians and kidnapped seven others in an attack on a village in the restive Lake Chad region on Friday, an army officer and local official said.