The Central Bank of Nigeria (CBN) has introduced measures to curb the rising incidence of international overseas card fraud against Nigerians. The measures were announced by Mr. Dipo Fatokun, Director, Banking and Payments Department, CBN, in a circular titled, Nigerian issued card present fraud in non-EMV environments.
Read more...
PCI DSS RECERTIFIES FIRSTBANK FirstBank has achieved the recertification of the Payment Card Industry Data Security Standard (PCI DSS) in 2014, having been one of the first top-tier banks in Nigeria to obtain the certification in 2013. The certification is renewable annually as demanded by the standard and regulators following a rigorous audit of the Bank’s payment card security processes environment.
Read more...
OTC MARKET: STANBIC IBTC, BGL, 14 OTHERS ACCOUNT FOR 93.6% OF TRADEMarket analysis shows that StanbicIBTC Stockbrokers Limited recorded N 956.50 million, representing 19.9 per cent of market activity, followed by Nigerian International Securities Limited with N783.50 million, and representing 16.3 per cent of market activity. It was followed by BGL Securities Limited valued at N471.10 million, representing 9.8 per cent of market activity.
Read more...
NAIRA HITS N208 TO DOLLAR AT BDCS, BLACK MARKET
The Naira on Friday depreciated against the dollar as it traded at N208 from the N191.50 it sold for on Monday, Jan. 19. The new rate has made the naira to lose N16.5naira-Dollar0 within five days. The CBN’s website, however, put the Naira against the dollar at N167.50, while the Pound sold for N253.20 and the Euro stood at N193.89S
Read more...
CBN TIGHTENS NOOSE AGAINST E-BANKING FRAUD
As part of efforts to tackle fraud on electronic banking platforms, the Central Bank of Nigeria (CBN) has directed deposit money banks (DMBs) to implement anti-fraud solution on their cards management system not later than January 30, 2015.
Read more...
FG TO GENERATE $10BN ANNUALLY FROM E-COMMERCE MARKET
Following the massive growth recorded in Nigeria’s electronic commerce market, the federal government may be looking to generate $10 billion annually from the sector. The telecommunications technology minister, Omobola Johnson, was recently quoted to have said that the industry has the potential to do much more given the rate at which it is growing.
Read more...
FG MOVES TO DIVERSIFY ECONOMY WITH WARD CLUSTER TECHNOLOGY
As part of efforts to cushion the effects of dwindling oil prices on Nigerian economy, the federal government has embarked on diversification of the economy using the Ward Based Cluster Technology Programmes (WBCTP) across the 774 Local Government Areas (LGAs).
Read more...
E-BANKING: UBA INTRODUCES MOBILE POS
The United Bank for Africa (UBA) Plc has introduced the mobile Point of Sale (mPOS) terminals to support customers’ e-banking transactions. UBA said it recently went live with the initiative in partnership mPOS partners across Africa.
Read more...
GOOGLE LAUNCHES ONLINE PORTAL FOR 2015 ELECTIONS
Google has announced it launched an online portal where voters can keep an eye on the latest news about Nigerian politics in the run-up to the general elections in February. The Portal located at www.google.ng/elections was designed to serve as a one-stop resource centre for information on every aspect of the coming Polls, providing readily accessible data on persons, groups and events involved in and centred around the Elections.
Read more
NDIC CUTS INSURANCE PREMIUM FOR BANKS
The Nigeria Deposit Insurance Corporation (NDIC) has reduced the insurance premium rate for all Deposit Money Banks (DMBs) in Nigeria. The Managing Director/Chief Executive, NDIC, Alhaji Umaru Ibrahim, also said the board of the corporation granted further reliefs to the DMBs at its last meeting last year by reducing the insurance premium basis rate from the existing 40 to 35 basis points. He said the new premium rate would take effect this month.
Read more...
BOI, ECOBANK SIGN PACT ON SMES
Bank of Industry (BoI) has signed a memorandum of understanding (MoU) with Ecobank Nigeria to provide loans at low interest rate to the Small and Medium Enterprises (SMEs) sub-sector. Managing Director/Chief Executive, BoI, Mr. Rasheed Olaoluwa, while speaking at the event in Lagos, said Ecobank and nine other banks in the country were selected based on their support to the SMEs, adding that the low interest rate will heighten activities in the sub-sector.
Read more
No comments:
Post a Comment