Due to the cash crunch associated with the implementations of the Central Bank of Nigeria’s (CBN’s) Naira redesign policy in the first quarter of this year, mobile transactions have continued to gain traction as total transfers through mobile platform surged rose to N4.1 trillion in March this year. The mobile transactions in the month represented […]
The Central Bank of Nigeria (CBN) and the Nigeria Inter-Bank Settlement Systems (NIBSS) on Thursday unveiled Nigeria’s maiden national payment card, AfriGo, in furtherance of their collective drive towards fully digitalizing the nation’s financial system. The AfriGo card, which will function like other international payment cards, according to the partners, is designed to deepen the apex […]
The Central Bank of Nigeria (CBN), in line with its mandate to promote stability, inclusion and growth in the financial and payment system, has announced the ongoing implementation of a National Domestic Card Scheme which will become effective as from January 16, 2023. As Africa’s largest and most vibrant economy, Nigeria is in a vantage […]