Barely three days after it released a new regulatory framework guiding the operations of for Payment Service Banks (PSBs), the Central Bank of Nigeria (CBN) at the weekend released a new Regulatory Guidelines and Framework for Mobile Money Services (MMS) in the country. The apex bank stated that the introduction of mobile telephony in Nigeria […]
The Central Bank of Nigeria (CBN) has issued a Supervisory Framework for Payment Service Banks (PSBs) in furtherance of its sustained efforts to improve the efficiency of the nation’s banking system operations. The apex bank, in the framework published on Thursday, directed that the PSBs must operate mostly in the rural areas and unbanked locations […]
The Nigerian Civil Service Union (NCSU) has alleged that the secret recruitment of over 2,000 workers by the Federal Inland revenue Service’s (FIRS’) management over the past 18 months is negatively impacting the Service’s finance, thereby making it difficult for it to pay salaries at some point this year. In a letter dated June 21, […]
The Nigerian Communications Commission (NCC) has disclosed that it more than N150 billion from spectrum license fees within the first five months of 2021, indicating N36 billion higher than its raked in revenue projections for the period. The commission’s Director of Public Affairs, Dr Ikechukwu Adinde, made the disclosure in a statement issued at the […]
The Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan, has expressed the readiness of the corporation to partner with the Bureau of Public Service Reforms (BPSR) towards enhancing innovation in the delivery of services to depositors and its other stakeholders. Hassan gave this hint when the Director-General of the bureau, Mr. […]
Nigeria Securities and Exchange Commission (SEC) has commenced moves towards the implementation of a framework to strengthen interconnectivity and interoperability among the Central Securities Depositories (CSDs) with a view to enhancing trading and settlement system efficiency in the nation’s bourse. The Commission in a Notice titled: “Interoperability among Central Securities Depositories: Proposed Interoperability/FMI Link Framework”, […]
China’s biggest ride-hailer, Didi Global Inc, on Wednesday raised $4.4 billion by pricing its shares at $14 each in its upsized New York initial public offering (IPO), according to public filings According to Dealogic, a financial markets platform offering integrated content, analytics, and technology via a service to financial firms, with the raising of about […]
Cellulant, a leading Pan-African payments company has unveiled its new brand identity and re-affirm its commitment to partner with global, regional and local businesses to accelerate payments’ digitization across Africa. The technology firm has over the last couple of years evolved to become more than just a business but an idea and belief that Africa […]
L-R: Founder/Chief Operating Officer, TAJ Bank Limited, Mr. Hamid Joda; Managing Director, Mr Norfadelizan Abdulrahman; Chairman, Alhaji Tanko Isiaku Gwamna; and Company Secretary, Mr. Hamisu Sani; during the bank’s 2nd Annual General Meeting (AGM) held in Abuja yesterday
…..as lender records 471% growth in Profit Before Tax Shareholders of TAJBank Limited, Nigeria’s leading non-interest banking products and services provider, yesterday commended the board and management of the bank for its impressive performance in its first year of operations, promising continued commitment to the realisation of the vision and mission of the innovation-driven lender […]