The central bank of Nigeria has reversed its decision to centralize its Open Banking efforts with NIBSS, the national payment settlement mechanism.
The decision was reversed after intense consultations with industry players. The central bank has aligned with the "Open" aggregation…
Digital banking is becoming increasingly popular in Nigeria as operators harness the best technological tools to address the transaction challenges faced by Nigerians. In addition, digital payment platforms have been authorized by the Central Bank of Nigeria to provide microfinance banking and…
Nigeria has experienced a cash shortage, leading to the surge in popularity of eNaria, the country's digital currency. The head of the Central Bank of Nigeria (CBN) reported a 63% increase in eNaria transactions to 22 billion naira ($47.7 million), and 13…