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Posts Tagged ‘Central Bank of Nigeria’

  • Unlocking the future of online security with biometrics

    Central Bank of Nigeria to replace ATM pins with biometrics

    December 18, 2017 • Finance, Security, Top Stories, West AfricaComments Off on Central Bank of Nigeria to replace ATM pins with biometrics

    According to a report by Nigerian Communications Week, the Central Bank of Nigeria (CBN) has revealed that it is working toward the replacement of the ATM pin code with biometric identification. The revelation was made at the recent Nigeria Electronic Fraud...

  • Logistics technology firm, Sendy plans East African expansion

    The move to a cashless South Africa

    November 2, 2017 • Finance, Top StoriesComments Off on The move to a cashless South Africa

    The way the world transacts is in transition. Physical cash and cards are morphing into a hybrid of mobile, digital and perhaps even crypto. This brings to the fore exciting commercial opportunity and challenge. Mostly, it offers the chance of financial...

  • Nigerian Central Bank Governeor, Sanusi Lamido Sanusi. 
 (Image Credit: World Economic Forum)

    Nigeria: Biometric banking receives $50 million boost

    February 19, 2014 • Top Stories, West AfricaComments Off on Nigeria: Biometric banking receives $50 million boost

    The first phase of a national biometric system rollout for Nigeria’s financial system is operational. The technology to identify all bank customers by fingerprint is being supplied by DERMALOG Identification Systems. On Valentine’s Day, the pilot...

  • Nigeria’s daily EFT value in the billions

    May 16, 2013 • Mobile and Telecoms, Top StoriesComments Off on Nigeria’s daily EFT value in the billions

    Nigeria’s Daily Trust reports that according to the Central Bank of Nigeria (CBN)  the total value of electronic funds transfer now stands at N80 billion (approximately $508 million) per day. Tunde Lemo, the Deputy Governor, Operations, CBN, is quoted in...