Nigerian banks collectively generated N438 billion from digital banking channels in 2023. This represents a 37.54% increase from the N318.64 billion recorded in the previous year....
The Nigerian Inter-Bank settlement system (NIBSS) has slashed the electronic transaction processing fee for instant payment from N5 to N3.75k.
Due to the shortage of physical cash flow in Nigeria, caused by the Central Bank‘s policy to redesign the old Naira, many citizens have turned to...
Data from the Nigeria Inter-Bank Settlement System (NIBSS) shows that total transactions made by Nigerians via mobile banking in November 2022 stood at N2.1 trillion while...
Kuda Bank, Nigeria’s First digital-only bank has joined the list of companies that have laid off some of its workforce.
In First Bank of Nigeria Limited, virtually all the indices are looking bright. From a stellar performance in its last year and first quarter of 2022...
As part of efforts to embrace digital banking, Standard Chartered Plc is closing about half its Nigerian branches. A report by Bloomberg reveals that the London-listed...
Recently, G7 officials broadcast a joint statement noting that CBDCs would complement cash and that any such payment system should follow a series of principles they...
Neobanks, popularly known as digital banks in Nigeria, are fintech companies that offers mobile applications, software and other technologies to streamline financial services and banking in...
Recently, CoinGeek reported that, in an interview with TSN, Ukrainian Deputy Prime Minister Mikhail Fedorov suggested his Ministry for Digital Transformation is considering launching a CBDC pilot test...