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Electronic Payment

The bank asked Egyptian dealers to reduce the use of banknotes and rely on bank transfers and the use of electronic payment methods such as bank cards and mobile phone wallets, which have become available to all.

Egypt sets limits for bank withdrawals, deposits

The Central Bank of Egypt announced on Sunday that it will impose a temporary daily limit for withdrawals and cash deposits in bank branches to reduce the risks of the coronavirus, Al Arabiya reported.

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.

Women groups seek review of N50 stamp duty charges

Some women groups have called for further review of the N50 stamp duty charges on electronic payment recently introduced by the Central Bank of Nigeria (CBN).
Central Bank of Nigeria - CBN

Central bank orders private, public firms to pay salaries, taxes, pensions electronically

The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to dishonour instructions on the payment of salaries, pensions, and taxes of public and private companies that are not transmitted on approved electronic payment and collection platforms.

Central bank issues new directive on payment of salaries, pension taxes

The Central Bank of Nigeria (CBN) has issued a directive for the commencement of the end-to-end electronic payment of salaries, pensions, suppliers and taxes in the country.
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.

CCT introduces electronic payment in Bauchi

The Conditional Cash Transfer (CCT) Unit in Bauchi says it has introduced electronic payment system to beneficiaries in the state, for ease of transaction.

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All Progressives Congress (APC) Nigeria

Ondo guber: APC generates N258 million from sales of forms

The All Progressives Congress (APC) has generated N258.7 million from the sales of expression of interest and nomination forms to aspirants ahead of July 20, governorship primaries in Ondo state.

Okada riders protest incessant extortion, arrest by police in Lagos

Hundreds of commercial motorcyclists, popularly known as ‘Okada,’ on Thursday marched through the streets of Ikorodu, Lagos State, protesting against incessant arrest, extortion and seizure of their motorcycles by the police.

Minister: How airports will operate when opened

With less than five days to commencement of domestic flights in Nigeria, preparations are in place to ensure that safety measures are adhered to during operations.
Akwa Ibom State Governor, Udom Emmanuel, says the idea of random testing for COVID-19 in the state is a waste of government resources.

Akwa Ibom lifts ban on burial, weddings from July 4

Governor Udom Emmanuel of Akwa Ibom State has lifted the ban on burials and wedding ceremonies in the state beginning from Saturday, July 4, 2020.
Jose Mourinho gives instructions to Ben Davies, Davinson Sanchez, Lucas Moura and Harry Kane

Jose Mourinho: Referees are now in the office, not pitch

Tottenham Hotspur manager Jose Mourinho on Thursday questioned the point of having referees on the pitch, saying VAR was bad for the game.