The Deposit Money Banks will on Monday commence the biometric registration of their customers, the Nigeria Inter-Bank Settlement System Plc, the organisation coordinating the project, has said. This is coming about four months after the project was inaugurated by the former Governor of the Central Bank of Nigeria, Mr. Lamido […]

MasterCard Inc, the world’s second-largest debit and credit card company, sees business booming from selling data to retailers, banks and governments on spending patterns found in the payments it processes, a top executive told Reuters. MasterCard, which handles payments for 2 billion cardholders and tens of millions of merchants, uses […]

* Governor says will operate without interference * Reiterates aim is to bring down interest rates * Will work to rebuild reserves – Emefiele (Recasts with comment on rates)   Nigeria’s central bank remains “very independent,” newly appointed governor Godwin Emefiele said on Wednesday, dismissing fears of government interference after […]