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The Nigeria Interbank Settlement System (NIBSS) has issued approved standard operating guidelines for the Bank Verification Number (BVN) matching system, mainly for a harmonised way of verifying customer’s identity.
Nigerians are expected to enjoy improved power supply in the coming weeks owing to the return of the rainy season and the resultant decline in water constraints suffered by hydro power plants, a report by the Financial Derivatives Company (FDC) has predicted.
Over $70 billion have been invested in telecommunications infrastructure deployment in Nigeria since the liberalisation of the industry in 2001.
The Nigerian Technology Industry Group has said there should be core policies that would help in regulating cryptocurrency providers in Nigeria. The group stated this following the directive given by the Central Bank of Nigeria (CBN) last month that deposit money banks (DMBs), non-bank financial institutions (NBFIs) and other financial institutions (OFIs), should not deal with cryptocurrencies and facilitating payments for cryptocurrency providers in Nigeria.
The Port Harcourt Electricity Distribution Company (PHED) says it has introduced a new electronic billing system to make payment of electricity bills easy for customers in four states in its franchise area.
The Central Bank of Nigeria (CBN) has opened investigations into bank accounts of companies involved in the trading of cryptocurrencies with the intention of blocking those with suspicious transactions and fraud.
The African Export-Import Bank (Afreximbank) has increased the number of its trade finance intermediaries (TFIs) to more than 65 in 30 African countries.
The Minister of Youths and Sports Development, Mr Sunday Dare, has urged corps members to key into the Federal Government’s Youths Initiative Programme.
The Central Bank of Nigeria (CBN) has listed conditions to allow the opening of Forms ‘M’ by companies whose forex payments are unavoidably routed through a buying company, agent, or other third parties.
The National Information Technology Development Agency, (NITDA), and the Nigeria Internet Registration Association (NIRA), have pledged to work hand in hand to ensure global visibility for Nigerian companies by giving free .com.ng domain name to newly registered companies.
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.
Ikeja Electric, and Mojec Metering Asset Company at the weekend, held a Customers Engagement Forum to sensitise customers in Shomolu Business Unit on the registration process, survey, payment and installation of meters under the Meter Asset Provider (MAP) scheme.
In a bid to meet its customer’s needs, Ikeja Electric Plc has fully commenced the rollout of meters under the Meter Asset Provider (MAP) scheme, to all unmetered customer across its network.
A Federal High Court in Maitama, Abuja, on Friday, admitted more documents presented to it by the Economic and Financial Crimes Commission, EFCC, in evidence against a former Jigawa State governor, Sule Lamido, and others.
The Nigerian Communications Commission (NCC), says it is working with the National Assembly to criminalise mobile phones sim card infractions.
The Central Bank of Nigeria (CBN) on Monday vowed to clamp down on individuals and businesses engaging in clandestine activities to frustrate the restriction of foreign exchange on the importation of 41 items into the country.
Barely two years to the 2020 target to reduce unbanked Nigerians to 20 per cent, the Central Bank of Nigeria (CBN) says the country’s unbanked population currently stands at 37 per cent.
The Federal High Court in Abuja on Wednesday modified its orders made on October 17, 2017 directing the 19 commercial banks in the country to freeze all accounts without Bank Verification Numbers.
The Central Bank of Nigeria (CBN) has directed banks to establish a database of their customers identified through their Bank Verification Numbers (BVNs) to be involved in confirmed fraudulent activities.
Tottenham Hotspur will pay part of José Mourinho’s salary in his first season at Roma.
Jihadists have killed 35 people, including five troops and 15 militiamen, in two attacks in Nigeria's troubled northern Borno state, sources told AFP Tuesday.
A whistleblower in the Maritime Academy of Nigeria (MAN), Oron in Akwa Ibom State, has petitioned the Economic and Financial Crimes Commission (EFCC) to investigate and prosecute the management of the institution over multiple fraud, as well as systemic and perennial corruption.
Niger State Governor, Alhaji Abubakar Sani Bello, has made case for a southern Presidency in 2023, saying that there is going to be rotation of positions in 2023.
Minister of Justice, Abubakar Malami, SAN, on Tuesday welcomed an ECOWAS Court judgment dismissing a case filed by the trustees of the Socio-Economic Rights and Accountability Project (SERAP) against the Federal Government.
The Imo government has expressed readiness to partner the Enugu Electricity Distribution Company (EEDC) to improve power supply in the state.
Hotel owners in Abia State under the aegis of Hotel Welfare Association (HWA) and others have lauded the Inspector General of Police, Usman Baba Alkali over his appointment of AIG Etim Eneh Okon to head the Police Zone 9 command, Umuahia.
Chelsea star Thiago Silva is doubtful for the reverse fixture against Real Madrid in the Champions League scheduled for next week Wednesday.
The English Premier League has become the number one ranked league in Europe thanks to Manchester United’s 6-2 victory over Roma in Thursday’s Europa League first-leg, Daily Mail reports.
Following incessant security challenges across Nigeria, members of the Lagos state House of Assembly have called on the President of Nigeria, President Muhammadu Buhari to rejig the security architecture so as to address the spate of killings and violence in the country.