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As from November 11, any institution applying for an indirect participant in the nation’s Payments System must have a satisfactory risk-based rating from the Central Bank of Nigeria (CBN).
Nigerian bank, Ecobank Nigeria Limited has advocated continuous collaboration by all stakeholders in the fight against cybercrimes in the country.g
The Central Bank of Nigeria (CBN) has explained that charges on cash deposit and withdrawals apply only to transactions above stipulated limits.
The National Bureau of Statistics (NBS) said the Nigerian banking sector allocated N15.13 trillion as total value of credit to the private sector in the second quarter (Q2) 2019.
Justice Bibiye, Communications Manager, National Social Investment Office (NSIO), says that funds allocated and released for the financing of the National Social Investment Programmes (N-SIPs) are not domiciled in the Office of the Vice President.
The National Social Investment Office (NSIO) has said that contrary to rumours, the office of Vice President was not involved in financial transactions or the disbursement of funds for the National Social Investment Programmes (N-SIPs)
As fiscal and monetary authorities collaborate to ensure that Nigerians keep up the 63.6 per cent financial inclusion stride with the aim of attaining the set target of 20 per cent exclusion rate by 2020, the frightening series of bank robberies and frauds in the system may have put a lid on the agenda.
The Nigerian Interbank Settlement System (NIBSS), says the NIBSS-Interbank Payments (NIP) recorded an increase in the volume of transactions in the first quarter of 2019 over transactions made through cheques.
The capital market has continued to record high incidence of unclaimed dividends due to the provision of inadequate proof of ownership of shares by investors, the acting Director General of the Securities and Exchange Commission (SEC), Mary Uduk, has said.
The House of Representatives is to constitute an ad hoc investigative panel over the non-remittance of stamp duty by the Central Bank of Nigeria (CBN), money deposit banks and other collection agents.
With just one year to the Payment System Vision (PSV) 2020, the Central Bank of Nigeria (CBN) has disclosed that it has commenced a review of the project, just as it hinted of plan to set new targets under a refreshed version tagged PSV 2030.
The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.
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, are still very much in operation, Mr Laolu Akande, the Senior Special Assistant on Media & Publicity to the President (Office of the Vice President), has said.
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.
World football governing body, FIFA, has promised to give out 50% discount to fans who purchase match tickets for the Under-17 World Cup event in Brazil.
A Shari’a Court ll sitting at Magajin Gari, Kaduna on Monday ordered one Kabiru Yusuf to pay N44,000, the feeding allowance arrears for his child, staying with his former wife, Shafa’atu Zakari.
World number two Rafael Nadal has been named in the Spain squad for the Davis Cup finals in Madrid next month.
Some financial experts on Monday attributed the incessant lull on the Nigerian Stock Exchange (NSE) to various economic dislocations in the country.
The US Department of Energy, National Nuclear Security Administration, Office of Nuclear Smuggling Detection and Deterrence (US-DOE/NNSA/NSDD) has donated two Mobile Radiation Detection Systems to help combat terrorism in Nigeria.
The Kaduna State Government has shortlisted 5,351 job applicants for the second stage of the interview.
As Ekiti State government has been rated as the second highest in the country in terms of open defecation, the government has restated its commitment to eradicate open defecation before 2022, by taking the campaign to learning institutions and public places.
The Kaduna State Police Command, said the Police Academy Wudil will begin the screening of candidates for the 7th Regular Course on Oct. 24.
Britain on Tuesday said it was suspending military exports to Turkey following its incursion into northeastern Syria, as it carries out a review of arms sales to its NATO ally.
Nigeria would continue to seek assistance from the international community in order to totally defeat Boko Haram and other insurgents in the country, President Muhammadu Buhari said on Wednesday.