Nigeria sees a surge in dormant bank accounts. CBN directives aim to enhance transparency and return unclaimed funds.

In a deliberate effort to address the challenges of traditional systems often involving manual invoicing, repeated follow-ups, and high transaction fees being faced by Nigerian businesses, OnePipe ...

There are around 19.69 million dormant bank accounts in Nigeria, according to the customer account database maintained by the Nigeria Inter-Bank Settlement System.

The number of dormant bank accounts in Nigeria is over 19.69 million, according to the industry customer account database released by the Nigeria Inter-Bank Settlement System.

PalmPay, a fintech with over 1.2 million agents and merchants, announced its adoption of blockchain technology ...

While still a work in progress, blockchain technology in the 2020s offers advantages over conventional financial systems as ...

A new study from Juniper Research has found that the value of QR code payments will grow by 50% globally from $5.4 trillion in 2025 to over $8 trillion in 2029. The projection comes at a time when the ...

Nigeria’s drive toward a cashless economy has been strengthened with the improvement of the Nigeria Quick Response (NQR) payment system by the Nigeria Inter-Bank Settlement System (NIBSS). These ...

The Nigeria Inter-Bank Settlement System (NIBSS) has unveiled significant upgrades to its Nigeria Quick Response (NQR) payment system. The mechanism is designed to reduce cash dependency and ...