Payment Archives — City Business News

January 15, 2024 No Responses

LAMATA Cautions Commuters Against Payments Into Personal Accounts

The Lagos Metropolitan Area Transport Authority (LAMATA) has advised commuters in the State to only use authorised Bank Accounts to pay for transport services. A statement signed by the Consultant, Corporate Communication of LAMATA, Mr. Kolawole Ojelabi noted that the Agency is...

March 1, 2023 No Responses

NGX, PAPSS Sign MoU On Cross-Border Payments

Nigerian Exchange (NGX) and Pan African Payments Settlement System (PAPSS) on Tuesday signed a Memorandum of Understanding (MoU), to integrate the payments system that would boost cross-border securities transactions across African capital markets. Mr Temi Pop...

June 3, 2022 No Responses

CBN Reviews Operations Of NIBBS Instant Payments System, Others

The Central Bank of Nigeria (CBN) has reviewed upwards, the operations of the Nigeria Inter-Bank Settlement System (NIBSS) and other electronic payment operations. This is contained in a circular issued by Musa Jimoh, Director, Payments S...

January 17, 2022 No Responses

Dangote Advocates Unity Among Africans As Afreximbank Unveil Centralised Payment, Settlement Infrastructure Platform

President of Dangote Group, Aliko Dangote, has charged African leaders and citizens to be united in the promotion of the continent’s intrinsic greatness through improved trade relations amongst African countries. Speaking at the formal launch of the Pa...

January 4, 2022 No Responses

SEC Implores Fund Managers On Regulatory Fees Payment

The Securities and Exchange Commission has reminded all fund managers that payment of the annual supervisory fee to the Commission becomes due from the 1st January 2022 and full payment must be made on or before 31st January 2022. &nb...

August 28, 2021 No Responses

Minister Explains MTN’s $2b Tax Payment Plan With FIRS

Telecommunications company, MTN, has a payment plan with the Federal Inland Revenue Service (FIRS) to pay the tax remittance of two billion dollars. Mrs Zainab Ahmed, Minister of Finance, Budget and National Planning said this when she received the...

March 6, 2021 No Responses

FirstBank Unveils First Global Transfer To Ease Cross-Border Payments

First Bank of Nigeria Ltd has unveiled First Global Transfer (FGT) to promote international transfer of funds across its subsidiaries in sub-Saharan Africa. FirstBank Chief Executive Officer, Dr Adesola Adeduntan, disclosed this in a statement on Friday....

July 28, 2020 No Responses

NASCON’s Shareholders Laud Prompt Dividend Payment

Shareholders of NASCON Allied Industries Plc, a subsidiary of Dangote Industries Limited, has applauded the company for improved performance and dividend declared in 2019. The shareholders also urged the food seasoning company to expand its market share ...

May 25, 2020 No Responses

NBA Lauds Uzodimma Over Repeal Law On Payments Of Pensions To Ex Governors, Speakers

The Nigerian Bar Association (NBA), Orlu Branch, has lauded Gov. Hope Uzodimma of Imo for the enactment of the law revoking payments of pensions to former governors, Speakers of the state and their deputies. Mr Celestine Agbordike, Chairman of NBA,...

January 2, 2020 No Responses

Labour Lauds Ganduje On Payment of N30,600 Minimum Wage

The Joint Public Service Negotiation Council (JNC), Kano State council, has commended Gov. Abdullahi Ganduje for implementing the new minimum wage of N30,600, an amount higher than the nationally-approved wage. This is contained in a statement issued by the Pu...

December 31, 2019 No Responses

NPA Begins Payment of Disengaged Dockworkers Benefits

The Management of the Nigerian Ports Authority (NPA) has commenced payment of benefits for disengaged 2015 Dockworkers under the aegis of Tally Clerks and Onboard Security Men at the Authority’s Ultra-Modern Sports Centre, in Surulere, Lagos State. A s...

November 28, 2019 No Responses

Lagos Begins Payment Of N35,000 Minimum Wage November

Governor Babajide Sanwo-Olu of Lagos State has approved the implementation of N35,000 minimum wage for the state workers. In a circular signed by the Head of Service, Hakeem Muri-Okunola, on Wednesday, said the implementation was with effect from Nov. 1....

September 19, 2019 No Responses

CBN Approves Three New Payment Service Banks

The Central Bank of Nigeria on Wednesday granted approvals-in-principle (AIP) to three new Payment Service Banks (PSBs) in the country. The CBN spokesperson, Isaac Okorafor, said the new institutions, issued approvals in principle to operate as Payment Service...

December 31, 2016 No Responses

VW acquires mobile-payment provider

(Auto News) Volkswagen AG has bought North American parking-payment operator PayByPhone in the latest move by Europe’s biggest carmaker to expand from manufacturing into mobility services. The purchase of Vancouver-based PayByPhone, which processed more th...