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Nigeria Interbank-Settlement System

Central bank sets new rules to improve PoS deployment, usage

The Central Bank of Nigeria (CBN) is taking steps meant to get more people embrace e-payment channels, especially Point of Sale (PoS) machine.

New tax ID: Federal government directs central bank, others to synergise with JTB

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.

House of Reps to investigate CBN, banks, others over stamp duties non-remittance

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.

Central bank mulls extension of payment system vision to 2030

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.
Point of Sale - POS

NIBSS, others move to tackle e-payment failures

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.

Tunde Fowler: Nigeria’s taxpayer population hits 33 million

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.
Central Bank of Nigeria - CBN

Central bank directs banks to resolve USSD disputes in three days

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.

Kaduna government threatens to suspend benefits to pensioners with invalid BVNs

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.

Central bank orders banks to keep database of fraudulent customers

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.

Recent Stories

Two to die by hanging for car robbery in Ekiti

An Ekiti State High Court sitting in Ado Ekiti has sentenced two middle-aged men to death by hanging for armed robbery.
The General Officer Commanding(GOC), 8 Division, Sokoto, Major General Hakeem Otiki, has been placed under house arrest, Daily Sun has gathered.

Court orders interim forfeiture of $376,120 traced to General Hakeem Otiki

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.

Fatai Osho: Enyimba will be ready for Hassania Agadir

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.
It has definitely been a good start for Dani Ceballos in Arsenal’s colour and some fans have started to draw comparisons between him and ex-Gunners favourite and fellow Spaniard Santi Cazorla.

Arsenal star tells Mikel Arteta he wants to leave

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.
The lawmaker representing Badagry Federal Constituency, Babatunde Hunpe, has appealed to the Federal Government to establish a polytechnic in the city.

House of Reps moves to include Lagos as NDDC state

A proposed law in House of Representatives, seeking to include Lagos on the list of Niger Delta Development Commission (NDDC) States, is in process.