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Posts Tagged ‘Central Bank of Nigeria’

  • Mobile app launched to aid Deeds Office manual process

    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...