September 17, 2018/Dedalus Global Africa’s premier fintech event, the Africa Fintech Summit, (www.AfricaFintechSummit.com) will be held for the first time in Lagos, Nigeria, on November 8-9, 2018. This event comes on the heels of the earlier edition in Washington D.C. which featured leading policy makers, c-suite business executives, start-ups, and […]
Money Market
CBN to Penalise Banks, Others for Failed E-Transactions
17/9/2018/Punch Nike Popoola Any failed Nigerian Instant Payment transaction not reversed into the customer’s account within 24 hours, based on complaint of the sender and/or beneficiary will attract a fine of N10,000, the Central Bank of Nigeria has said. The CBN stated this in a ‘Circular on the regulation on […]
CBN Issues Revised Nigerian Bankers’ Clearing System Rules
September 14, 2018/CBN The Central Bank of Nigeria (CBN), in furtherance of its mandate for the development of electronic payments system in Nigeria, hereby issues the revised Nigeria Bankers’ Clearing System (NBCS) Rules. Please, note that the effective date of the Revised NBCS Rules is 1st September, 2018. Please be […]
