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UBA Suffers ₦1.14 Billion Fraud Loss In 2024 Despite Strong Profits
United Bank for Africa (UBA) recorded a fraud-related loss of ₦1.14 billion ($744,200) in 2024,…
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Cash Transactions Decline In Nigeria Amid Digital Payment Increase
Nigeria has recorded the most significant decline in cash transactions over the past decade, surpassing…
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CBN Tightens Oversight To Strengthen Nigeria’s Financial Sector
The Central Bank of Nigeria (CBN) is taking decisive steps to reinforce the country’s financial…
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The Future Of Payments: Can Contactless Payments Succeed In Nigeria?
Nigeria’s digital payments sector has seen rapid growth over the years, yet contactless payments remain…
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NIBSS Backs Adoption Of QR Codes As A Seamless Alternative For Minor Cash Payments
Nigeria's leading payment switch - NIBSS (Nigeria Inter-Bank Settlement System) - is pushing for Quick Response…
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CBN Directs NIBSS To Deduct Banks For Fraudulent Transactions, Enforcing Accountability
In a bold move to fight fraud in Nigeria’s financial sector, the Central Bank of…
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Marasoft Pay Allegedly Pays Staff With Fraud-Generated Funds
In October 2024, employees at Marasoft Pay, a Nigerian fintech founded by Emmanuel Marakwe-Ogu, were…
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Opera’s Q4 Report Highlights OPay’s Impressive $2 Billion Transactions in December 2020
Opera, the software giant known for its browser and Opera News platform, has shared its…