By Yvonne-Faith Elaigwu, Head of Operations and Governance, OnePipe ‘Cashless’ has probably become one of the most popular words in Nigeria in the last few months. While it can be defined in different ways, it has one universal meaning and is characterised by the exchange of funds for goods and …
Read More »CBN Launches Toll-Free Line to Report PoS Operators Charging Above N200, Rogue Fuel Stations
…Risks Jail Time The Central Bank of Nigeria (CBN) has gone tough on its efforts to implement the redesigned naira policy with a clamp down on rogue Point of Sale (POS), fuel stations and supermarkets, identified as fifth columnists frustrating the policy and making life difficult for Nigerians. It has …
Read More »CBN Allocates N30 Million New Naira Notes Daily to Bauchi Banks
The Central Bank of Nigeria, Bauchi State, says it allocates N30 million new naira notes daily to each branch of banks in the state to increase access of customers to the new notes. An official of the apex bank, Mr Abdulkadir Jibrin, said this while monitoring banks in Bauchi on …
Read More »Verve Cardholders to Enjoy Black Friday 10% Discount, Gifts, on Konga
Africa’s leading payment cards & digital tokens brand, Verve International, has announced its partnership with e-commerce platform, Konga, to reward Verve cardholders with a whopping 10% discount for shopping on the e-commerce platform between now and November 30, 2021. In addition, cardholders who make more than four purchases with their …
Read More »Mitchell Elegbe: Celebrating A Visionary Who Transformed Electronic Payments In Nigeria
“Give me my tally number” – This would sound weird to millennials and young adults as the days of ‘tally numbers’ are long gone. Well, “who is the last person on the queue?” or “your machine has ‘swallowed’ my card”, may sound more familiar as people try to perform electronic …
Read More »Nigerian Banks Future Competitiveness will be Determined by Digital Disruptions – Akinwuntan
The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has reiterated that the future of Nigerian banking would continue to be shaped by technology innovations and digital disruptions, stressing that only financial institutions that are amenable to such transformation will remain relevant in the sector. According to Akinwuntan, there was no way …
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