E-payments Rose By 6.37% To N24trn In September     The value of e-payment transactions in Nigeria rose by 6.37 per cent to N24.08tn in September. This was according to the data released by the Nigeria Inter-Bank Settlement System. In August total e-payment transactions was N22.64tn. E-payment transactions are...

E-Payments Hit N10.89trn In January   Nigerian banks facilitated electronic payments valued at N10.89tn in January, a 29 per cent increase in transactions as against N8.41tn recorded in January 2019. This is as the volume of electronic payments rose to 160.18 million, recording 58 per cent increase...

CBN Instructs Firms To Adopt E-payment For Salaries   The Central Bank of Nigeria has directed firms with more than 20 employees to implement electronic payment system for the payment of their employees’ salaries and other obligations. Deposit Money Banks have been notifying their customers with business...

E-payments: CBN Unveils Sanctions Against Banks, Others   The Central Bank of Nigeria has announced a series of new sanctions that will be meted out to deposit money banks, mobile money operators, payment solution service providers and other financial institutions for electronic payment infractions. The CBN, on...

Banking: E-payments Hit N34.02trn In 2019 Q1, Says NBS A total of 557,083,712 electronic-payment transactions valued at N34.02trn were recorded in selected banks across the country in the first quarter, 2019, Nigeria’s statistics bureau has said. The National Bureau of Statistics (NBS) said this in a...