July 11, 2022/CBN 1. Introductory statement The Central Bank of Nigeria has developed the Digital Financial Services Awareness Guidelines to address gaps in consumer knowledge and practices with Digital financial Services (DFS). DFS have the potential to expand access to financial services for the Nigerian population and spur innovation in […]
Money Market
Heritage Bank partners Xplo-Sound, adopt Ynspyre to propel growth in entertainment industry
July 13, 2022/Heritage Bank Heritage Bank has disclosed plans to further adopt Ynspyre, a digital product to help cater and deepen support for professionals and amateurs for the creative and entertainment industry’s growth. The bank stated that in a bid to further expand its reach by connecting with more groups […]
E-Payments: Relatively Young and Getting It
July 5, 2022/CSL Research The latest data from the Nigeria Inter-Bank Settlement System (NIBSS) showed that the growth recorded across the various e-payment channels remained strong in the first four months of 2022 (January-April). Specifically, NIBSS Instant Payment (NIP) transactions recorded a solid 44.3% y/y and 50.0% y/y increase in […]
