May 7, 2018/NBS A total volume of 457,226,406 transactions valued at N32.48 trn were recorded in Q1 2018 as data on Electronic Payment Channels in the Nigeria Banking Sector revealed. Automated Teller Machine (ATM) transactions dominated the volume of transactions recorded. 212,370,853 volume of ATM transactions valued at N1,568 bln […]
Money Market
UBA Boosts Payments for SMEs, Partners Mastercard on Master Pass QR Bot
…Gives Customers Freedom to Shop Across Devices, Channels 6/5/2018/UBA Plc Pan African Financial institution, United Bank for Africa (UBA) has again disrupted the e-payment space with the introduction of Master Pass ‘Quick Response’ (QR) Bot. The revolutionary solution enables the micro, small and medium enterprises (MSMEs) in Nigeria and across […]
CBN Injects $349.34m into Retail SMIS
Culled—Proshare May 4, 2018/CBN The Central Bank of Nigeria (CBN), in its last intervention for the week, has injected the total sum of $349.34 million in the Retail Secondary Market Intervention Sales (SMIS) segment of the Forex market. Figures obtained from the CBN on Friday, May 4, 2018, indicated that […]
