Posted inBusiness Picked for you
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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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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CBN’s ₦6.98 USSD Fee Hinders Progress on Financial Inclusion
In October 2019, MTN Nigeria introduced a ₦4 charge for customers using Unstructured Supplementary Service…