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Nigeria Interbank-Settlement System
The Central Bank of Nigeria (CBN) is taking steps meant to get more people embrace e-payment channels, especially Point of Sale (PoS) machine.
The Federal Government has directed the Central Bank of Nigeria (CBN), Nigeria InterBank Settlement System (NIBBS), the National Identity Management Commission (NIMC), to cooperate with the Joint Tax Board (JTB) in the release of relevant individual records.
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.
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.
The country’s taxpayer roll is set to hit 33 million, Chairman. This was disclosed by Mr. Tunde Fowler, Chairman, Joint Tax Board (JTB) and Executive Chairman, Federal Inland Revenue Service (FIRS) at the 142nd meeting of the JTB in Bauchi yesterday.
The Central Bank of Nigeria (CBN), on Saturday directed all commercial banks to resolve disputes arising from use of Unstructured Supplementary Service Data (USSD) channel within three days.
The Kaduna State Pension Bureau has announced that pensioners on the defined benefits scheme who have invalid or duplicate BVNs will be suspended from the pension payroll by July 2018.
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.
An Ekiti State High Court sitting in Ado Ekiti has sentenced two middle-aged men to death by hanging for armed robbery.
The Abuja Division of the Federal High Court, on Wednesday, ordered the interim forfeiture of the sum of $376, 120 allegedly seized from Major General Hakeem Otiki, to the Federal Government.
Enyimba of Aba caretaker coach Fatai Osho says the team is working hard to be ready for their all important CAF Confederations Cup game with Hassania Agadir.
Arsenal star Dani Ceballos has told Mikel Arteta that he wants to cut his season-long loan deal short, and move on to another club during the January transfer window.
A proposed law in House of Representatives, seeking to include Lagos on the list of Niger Delta Development Commission (NDDC) States, is in process.
President Muhammadu Buhari has directed Abubakar Malami, attorney-general of the federation, to handle the case of Ibrahim Ibrahim, a Nigerian cleric on death row in Saudi Arabia.
Nigeria has dropped two places on the annual corruption perception index published by Transparency International.
Imo State House of Assembly on Tuesday screened and confirmed a commissioner-nominee sent by Governor Hope Uzodinma.
Economists at Financial Derivative Company (FDC) have said the country will experience a rise in the inflation rate and a further decline in its foreign exchange reserves as the government juggles various options to steady the economy on the path of growth in the year.
Jose Mourinho took a thinly-veiled swipe at the Video Assistant Referee following Tottenham's goalless draw with Watford, stating that “goal-line technology doesn't make mistakes like the VAR make”.