April 3, 2020/Cowry Asset Recently released banking sector statistics showed greater efficiency in Nigeria’s financial intermediation, particularly with respect to improved loan administration and increased mileage on the road to achieving a cashless economy in 2019. One of such data, from the National Bureau of Statistics, revealed that banking sector […]

April 1, 2020/NBS A total volume of 893,681,888 transactions valued at N48.54trn were recorded in Q4 2019 as data on Electronic Payment Channels in the Nigeria Banking Sector revealed. NIBSS Instant Payments (NIP) transactions dominated the volume of transactions recorded. 342,636,006 volume of NIP transactions valued at N29.69trn were recorded […]

March 31, 2020/Mediacraft  Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has introduced customer relief initiatives aimed at reducing the unease felt by its customers as a result of the Covid-19 global pandemic. The movements of individuals had to be curtailed to discourage physical contact between people […]