Mobile Instant Pay Users Hit 11m There are indications that the country’s electronic payments ecosystem is today driven by mobile means of communications as the number of Instant Pay users in the system is put at 11million with mobile and USSD accounting for 77 percent...

PoS Records 826,712 Transactions In A Day Individuals and organisations making transactions with the Point of Sale have continued to rise, despite the occurrence of failed transactions, a new survey has shown. A total of 826,712 PoS transactions occurred in the country on September 13, 2018,...

  Nigeria’s peak electricity generation increased from the 2,993 Mega Watts (MW) it recorded on July 17 to 3,213MW. This comes as Ikeja Electric Plc, introduced a debt discount initiative, which provides various percentage discount options to enable customers pay off their outstanding bills and meet...

LAGOS—The Central Bank of Nigeria, CBN, yesterday, directed banks operating in the country to accept deposit of cheques into savings account and to begin to embed Bank Verification Number, BVN in payment cards. The CBN, in a circular signed by Director, Banking & Payments...