Home Topics Nigerian Payments System
Nigerian Payments System
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.
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.
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.
The Governor of Ekiti State, Dr. Kayode Fayemi, has said the state government has invested a staggering sum of N4.5 billion to shore up school enrolment in the last 11 months he returned as the state chief executive.
The National Agency for the Prohibition of Trafficking in Persons (NAPTIP) has warned youths against engaging in social media and Internet marriages.
An Upper Area Court, Mpape, on Monday, ordered that a 34-year-old butcher, Abu Mohammed, who allegedly raped a 25-year-old woman, be remanded in a correctional facility in Keffi, Nasarawa State.
The royal family of Ogwashi-Uku Kingdom in Aniocha South Local Government Area of Delta State has insisted that the installation of the new Obi (King), Ifechukwude Chukwuka Okonjo was not done in error.
A member of Imo State House of Assembly, Mr Frank Ugboma, has described his recent victory at the Election Petitions Tribunal in Owerri, as renewed hope for his party and the common man in the state.
Ilara Mokin community in Ifedore Local Government Area of Ondo State was on Friday’s evening thrown into commotion as youths in the community laid siege on their monarch’s palace.
Afro-pop star Tiwa Savage strutted the runway for a supermodel Naomi Campbell’s 2019 Fashion for Relief show.
A high Commissioner of Sierra Leone to Nigeria, Dr. Solomon Gembeh, says implementation of the Economic Community of West Africa State (ECOWAS) single currency will reduce the dependency of member states on the west.
Yemi Alade, one of Africa’s most creatively and commercially successful artists, has signed a global licensing agreement with Universal Music Africa (UMA) – Universal Music Group’s west African affiliate – in partnership with Universal Music France (UMF).
Politician Dr. Umar Ardo paid $15,000 in bitcoins to get his daughter Aisha freed by kidnappers on Sunday.