Archives Tag: CBN
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CBN Revises e-Payment System in Nigeria
April 19, 2022
The Central Bank of Nigeria (CBN) has launched Release 2 of its Payment System Vision 2020. The document, “urges operators to mobilize available technology to take mobile financial services to the grassroots.” According to Mallam Sanusi Lamido Sanusi, CBN Governor, “launching the PSV2020 Strategy (Release 2) document was a proactive response to address the identified … Continue reading CBN Revises e-Payment System in Nigeria
By sheyi
Heritage Bank Reiterates Vow to Return Trapped Deposits in Societe Generale
April 19, 2022
Heritage Bank has announced again that it will refund 100% of customers’ deposits trapped in the defunct Societie Generale Bank of Nigeria, SGBN, if proof of such is provided. The Managing Director of the Bank, Ifie Sekibo made this known when he visited the Goveronor of Lagos State, Babatunde Fashola, at his office in Alausa, … Continue reading Heritage Bank Reiterates Vow to Return Trapped Deposits in Societe Generale
By sheyi
CBN Extends Cheque Limit Nationwide on June 1st
April 19, 2022
The Central Bank of Nigeria (CBN) has issued a circular extending the maximum limit of N150, 000 on third party cheque withdrawals nationwide with effect from June 1, 2013. This implies that third party cheques above N150, 000 cannot be cashed over the counter and can only be received through the clearing house or deposited through … Continue reading CBN Extends Cheque Limit Nationwide on June 1st
E-payment Transactions In Nigeria Surpassed The N1 Trillion Mark In 6 Months
April 19, 2022
E-payment transaction surpassed the 1trillion mark in the first six months of this year, the Central Bank of Nigeria, has revealed. The bank stated this in its economic report for the first half of 2012 and also described the growth of ATM use and its contribution to electronic transactions. The CBN has been campaigning for … Continue reading E-payment Transactions In Nigeria Surpassed The N1 Trillion Mark In 6 Months
By david
Get 5% Discounts In Sony Centers Nationwide!
April 19, 2022
MasterCard has announced its first collaborative relationship with a local Nigerian retailer, Flying Dove Limited – authorized distributors for Sony Corporation and owners and operators of Sony Centers in Nigeria. Through the collaboration, MasterCard will incentivize its cardholders to make use of electronic payment solutions, thus supporting the Central Bank of Nigeria’s (CBN) move towards … Continue reading Get 5% Discounts In Sony Centers Nationwide!
N5000 Note suspended!
April 19, 2022
By David Stephen. The Federal Government of Nigeria has suspended the introduction of N5000 note and the intended currency restructuring exercise by the Central Bank of Nigeria (CBN). The announcement came in a statement, yesterday, by the Special Adviser to President Jonathan on Media, Dr. Reuben Abati. He said, “The introduction of the new note … Continue reading N5000 Note suspended!
