Money Market

CBN to Sanction Erring Banks e-Payments Service Providers for Infraction of System Rules and Regulations

January 8, 2018/CBN Further to our Circular referenced BP5IDIR/GENICIR/02/007, dated 29th July 2015, on the above subject, please be informed that operators in the National Payments System shall be sanctioned with a penalty of N10,000.00 per day for as long as the infractions below subsist: 1. Failure to apply for […]

Back to School: FirstBank Rolls out Bouquet of Educational Solutions for Schools

January 8, 2018/FirstBank It is the beginning of another school term and as students return to school after the long holidays, First Bank of Nigeria Limited is in its usual style supporting schools with their educational requirements to enhance preparations for the school year. FirstBank has developed an array of […]

Fidelity Bank Partners SystemSpecs for Federal Collections via *770#

January 8, 2018/Fidelity Bank Plc Top Nigerian lender, Fidelity Bank Plc is championing a ground breaking innovation in the collection of internally generated revenue (IGR). Working in conjunction with SystemSpecs, a leading electronic financial transactions company and owners of Remita, Fidelity Bank has launched a more convenient collection and remittance […]