News
Digital Payments Driving Nigeria's $11bn Food Service Industry " ABN TV
3+ hour, 54+ min ago (440+ words) A new study has revealed that digital payment infrastructure is transforming Nigeria's food service industry, helping businesses overcome longstanding operational challenges and driving the sector to an estimated $11. 09 billion market in 2025. The report, released by a digital bank, Moniepoint, projected…...
Nigerian Banks Profits N225bn From ATM, e-banking Charges " ABN TV
3+ week, 5+ day ago (620+ words) Nigerian banks generated N224. 69bn from electronic banking services and ATM/card-related charges in the first quarter of 2026, representing a 12. 56 per cent increase from N199. 61bn recorded in the corresponding period of 2025, an analysis of the unaudited financial statements of 11 listed lenders has shown....
CBN Removes Cash Pooling Requirement For IOCs " ABN TV
3+ mon, 2+ week ago (142+ words) THE Central Bank of Nigeria (CBN) has removed the Cash Pool requirement for export proceeds of International Oil Companies (IOCs). The decision was conveyed in a circular issued by the Director of Trade and Exchange of the bank, Dr Musa…...