Money Market

FirstBank Launches the First Humanoid Robot in the Financial Services Industry

June 30, 2023/FirstBank of Nigeria As part of an effort to provide innovative financial solutions in Nigeria, First Bank of Nigeria Limited has launched a Humanoid Robot, the first of its kind in the financial services space in the country. The robot is equipped with Video Banking and Artificial Intelligence […]

PalmPay Unveils New Savings Feature with up to 20% Annual Percentage Rate

PalmPay, a leading Nigerian financial platform, has unveiled its latest product – a high yield savings feature which offers its customers the opportunity to earn up to 20% annual interest rate June 30, 2023/PalmPay Flexible and fixed-term savings are now available on the PalmPay app, enabling its customers to earn […]

CBN Release Guidelines and Transaction Limits for Contactless Payments in Nigeria

June 30, 2023/CBN The Central Bank of Nigeria, in furtherance of its efforts to standardize operations in the payments system, while encouraging the deployment of innovative products and sustaining the financial system stability, developed the Guidelines for Contactless Payments in Nigeria. Contactless payment, which involves the consummation of financial transactions […]