• About Us
  • Terms & Conditions
  • Contact Us
Thursday, March 23, 2023
Investogist
No Result
View All Result
  • Home
  • News
    • All
    • Africa
    • Nigeria
    • World
    CJN Ariwoola disguised on wheelchair for a secret meeting with Bola Tinubu in London – Peoples gazette

    CJN Ariwoola disguised on wheelchair for a secret meeting with Bola Tinubu in London – Peoples gazette

    BREAKING: Ekweremadu, wife, doctor found guilty of organ trafficking

    BREAKING: Ekweremadu, wife, doctor found guilty of organ trafficking

    SEC sues Tron founder Justin Sun, Lindsay Lohan, other celebrities over crypto sales

    SEC sues Tron founder Justin Sun, Lindsay Lohan, other celebrities over crypto sales

    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    Protest at all offices of the Central Bank – NLC directs workers

    Gov. Elections: INEC declares winner of Enugu State governorship election

    Gov. Elections: INEC declares winner of Enugu State governorship election

    How Labour Party won Abia State governorship election

    How Labour Party won Abia State governorship election

    Gov. Elections: Alex Otti of LP wins Abia State governorship election

    Gov. Elections: Alex Otti of LP wins Abia State governorship election

    JUST IN: ‘13 Parties’ threaten to pull out of 2023 Elections over naira redesign

    We will use all available sanctions against those who undermined Nigeria’s Polls – US

    INEC disowns online voter registration website

    INEC to resume collation of Gov. election results in Enugu and Abia state

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    CBN raises interest rate for the 6th consecutive time

    Russia Economy contracts by 2.1% in 2022, far below western predictions

    Russia Economy contracts by 2.1% in 2022, far below western predictions

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    FG explains why Nigeria’s total debt will rise to N77 trillion by the end of May 2023

    U.S unemployment fell to a five-decade low

    U.S unemployment fell to a five-decade low

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Nigeria’s total debt rise above N44 trillion – DMO

    FG approves 39 licences for fish importation

    Q3 2022: Nigeria’s total trade stood at N11.6 trn, total export falls nearly 20% QoQ

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    JUST IN: CBN limits weekly cash withdrawal to N100k

    Law to legalize crypto as a payment method passed in Brazil

    Law to legalize crypto as a payment method passed in Brazil

    Will Nigerians in diaspora be committing an offence if they make a campaign donation?

    Rivers and Oyo State to join others in establishing small claims courts

    • Policies
    • Budgets
    • Economic Data
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    List of Stockbrokers in Nigeria

    List of Stockbrokers in Nigeria

    MTN Nigeria to pay over N200 billion final dividend for 2022

    Custodian Investments Plc announces 55 kobo final dividend for 2022 FY

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX-ASI lost by 0.09%, as STANBIC loses 8.52%

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX-ASI Lost By 1.04%, as banking sector drops 1%

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The Local Bourse declined by 0.42%, as FLOURMILL loses 5.92%

    Again DMO offers N360 billion FGN bond for February

    The DMO auctions 4 FGN Bonds worth N360bn in March

    Guaranty Trust Holding Company profit dips to N77.56 billion in H1 2022

    The NGX-ASI Declined by 0.12%, as GTCO loses 3.08%

    Why Bitcoin fell below $20,000 for the first time in nearly 2 months

    Bitcoin rises over 18% as cryptos surge in renewed hope

    Weekly Market Report: NGX rose 0.48% as Conoil shareholders lose 18.89%

    Weekly Market Report: NGX rose 0.48% as Conoil shareholders lose 18.89%

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    FG agrees to pay $496 million as settlement claim for Ajaokuta Steel, others

    Seplat Energy Plc takes legal action against Orjiako

    Credit Suisse shares plunged on Monday after acquisition by rival UBS

    Credit Suisse shares plunged on Monday after acquisition by rival UBS

    Approval given for acquisition of International Energy Insurance Plc

    UBS agrees to buy troubled 167 years old rival, Credit Suisse

    Unilever Nigeria Plc Board of Directors approve Tea Business Separation Process

    Unilever Nigeria makes changes to its business model

    CAP Plc Shareholders approve N2.10kobo dividend per ordinary share for 2020 financial year

    Stanbic IBTC announced N2.00 final dividend for 2022 FY

    CEO of Ecobank Group to retire, new CEO announced

    Ecobank Transnational Incorporated announces delay in publication of 2022 result

    President Biden approves major Oil and Gas drilling project in Alaska

    President Biden approves major Oil and Gas drilling project in Alaska

    BUA Cement Plc announces N2.80 dividend for 2022 Financial Year

    BUA Cement Plc announces N2.80 dividend for 2022 Financial Year

    Obajana Cement Plant has commenced full operation – Dangote Cement Plc

    Dangote Cement Plc establishes new share buy-back programme

    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

    ELECTION: How to check your polling unit, code online

    4 things to consider before buying a laptop

    4 things to consider before buying a laptop

    How to move to Canada by starting a business – Part 1

    How to move to Canada by starting a business – Part 2

    How to move to Canada by starting a business – Part 1

    How to move to Canada by starting a business – Part 1

    Building a Successful Business Organization: Lessons from the Bible

    Building a Successful Business Organization: Lessons from the Bible

    2023 Bible Lessons on Setting your Financial/Investment Goals

    2023 Bible Lessons on Setting your Financial/Investment Goals

    Fact check: Is the Investment Peter Obi made for Anambra State worth next to nothing?

    Fact check: Is the Investment Peter Obi made for Anambra State worth next to nothing?

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • Vacancies
  • Home
  • News
    • All
    • Africa
    • Nigeria
    • World
    CJN Ariwoola disguised on wheelchair for a secret meeting with Bola Tinubu in London – Peoples gazette

    CJN Ariwoola disguised on wheelchair for a secret meeting with Bola Tinubu in London – Peoples gazette

    BREAKING: Ekweremadu, wife, doctor found guilty of organ trafficking

    BREAKING: Ekweremadu, wife, doctor found guilty of organ trafficking

    SEC sues Tron founder Justin Sun, Lindsay Lohan, other celebrities over crypto sales

    SEC sues Tron founder Justin Sun, Lindsay Lohan, other celebrities over crypto sales

    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    Protest at all offices of the Central Bank – NLC directs workers

    Gov. Elections: INEC declares winner of Enugu State governorship election

    Gov. Elections: INEC declares winner of Enugu State governorship election

    How Labour Party won Abia State governorship election

    How Labour Party won Abia State governorship election

    Gov. Elections: Alex Otti of LP wins Abia State governorship election

    Gov. Elections: Alex Otti of LP wins Abia State governorship election

    JUST IN: ‘13 Parties’ threaten to pull out of 2023 Elections over naira redesign

    We will use all available sanctions against those who undermined Nigeria’s Polls – US

    INEC disowns online voter registration website

    INEC to resume collation of Gov. election results in Enugu and Abia state

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    CBN raises interest rate for the 6th consecutive time

    Russia Economy contracts by 2.1% in 2022, far below western predictions

    Russia Economy contracts by 2.1% in 2022, far below western predictions

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    FG explains why Nigeria’s total debt will rise to N77 trillion by the end of May 2023

    U.S unemployment fell to a five-decade low

    U.S unemployment fell to a five-decade low

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Nigeria’s total debt rise above N44 trillion – DMO

    FG approves 39 licences for fish importation

    Q3 2022: Nigeria’s total trade stood at N11.6 trn, total export falls nearly 20% QoQ

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    JUST IN: CBN limits weekly cash withdrawal to N100k

    Law to legalize crypto as a payment method passed in Brazil

    Law to legalize crypto as a payment method passed in Brazil

    Will Nigerians in diaspora be committing an offence if they make a campaign donation?

    Rivers and Oyo State to join others in establishing small claims courts

    • Policies
    • Budgets
    • Economic Data
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    List of Stockbrokers in Nigeria

    List of Stockbrokers in Nigeria

    MTN Nigeria to pay over N200 billion final dividend for 2022

    Custodian Investments Plc announces 55 kobo final dividend for 2022 FY

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX-ASI lost by 0.09%, as STANBIC loses 8.52%

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX-ASI Lost By 1.04%, as banking sector drops 1%

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The Local Bourse declined by 0.42%, as FLOURMILL loses 5.92%

    Again DMO offers N360 billion FGN bond for February

    The DMO auctions 4 FGN Bonds worth N360bn in March

    Guaranty Trust Holding Company profit dips to N77.56 billion in H1 2022

    The NGX-ASI Declined by 0.12%, as GTCO loses 3.08%

    Why Bitcoin fell below $20,000 for the first time in nearly 2 months

    Bitcoin rises over 18% as cryptos surge in renewed hope

    Weekly Market Report: NGX rose 0.48% as Conoil shareholders lose 18.89%

    Weekly Market Report: NGX rose 0.48% as Conoil shareholders lose 18.89%

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    FG agrees to pay $496 million as settlement claim for Ajaokuta Steel, others

    Seplat Energy Plc takes legal action against Orjiako

    Credit Suisse shares plunged on Monday after acquisition by rival UBS

    Credit Suisse shares plunged on Monday after acquisition by rival UBS

    Approval given for acquisition of International Energy Insurance Plc

    UBS agrees to buy troubled 167 years old rival, Credit Suisse

    Unilever Nigeria Plc Board of Directors approve Tea Business Separation Process

    Unilever Nigeria makes changes to its business model

    CAP Plc Shareholders approve N2.10kobo dividend per ordinary share for 2020 financial year

    Stanbic IBTC announced N2.00 final dividend for 2022 FY

    CEO of Ecobank Group to retire, new CEO announced

    Ecobank Transnational Incorporated announces delay in publication of 2022 result

    President Biden approves major Oil and Gas drilling project in Alaska

    President Biden approves major Oil and Gas drilling project in Alaska

    BUA Cement Plc announces N2.80 dividend for 2022 Financial Year

    BUA Cement Plc announces N2.80 dividend for 2022 Financial Year

    Obajana Cement Plant has commenced full operation – Dangote Cement Plc

    Dangote Cement Plc establishes new share buy-back programme

    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

    ELECTION: How to check your polling unit, code online

    4 things to consider before buying a laptop

    4 things to consider before buying a laptop

    How to move to Canada by starting a business – Part 1

    How to move to Canada by starting a business – Part 2

    How to move to Canada by starting a business – Part 1

    How to move to Canada by starting a business – Part 1

    Building a Successful Business Organization: Lessons from the Bible

    Building a Successful Business Organization: Lessons from the Bible

    2023 Bible Lessons on Setting your Financial/Investment Goals

    2023 Bible Lessons on Setting your Financial/Investment Goals

    Fact check: Is the Investment Peter Obi made for Anambra State worth next to nothing?

    Fact check: Is the Investment Peter Obi made for Anambra State worth next to nothing?

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home News

CBN, NIBSS launch ‘AfriGo’, Nigeria’s first National Domestic Card Scheme

Friday, 27 January 2023, 8:52 am
in News, Nigeria
0
CBN, NIBSS launch ‘AfriGo’, Nigeria’s first National Domestic Card Scheme
Share Share Share Share Send as Email

The Central Bank of Nigeria (CBN) says it has collaborated with the Nigerian Inter-Bank Settlement Systems (NIBSS) to launch the National Domestic Card Scheme, ‘AfriGo’, aimed at transforming the Nigerian payment system.

This was disclosed by the Governor of the CBN, Godwin Emefiele, on Thursday at  a virtual launch of the National Domestic Card Scheme.

He said: “I am gratified that the Nigerian banking community has risen up to the challenge of the national payment system through the implementation of a National Domestic Card Scheme.

”The cashless policy which commenced in 2012 signposts our core drive to strengthen the national payment system and the usage of electronic platforms in Nigeria.

”In line with the National payment system strategy, the CBN has been deliberate in collaborating with relevant stakeholders to enhance the national payments infrastructure through initiatives such as the Bank Verification Number (BVN).

“We will all agree that the cashless policy has created value and gender competition, attracted investments into the Nigerian banking and payments ecosystem,” he said.

He said that Nigeria has now joined countries like China, Russia, Turkey and India, who have launched domestic card schemes.

”It is important to note that the establishment of national domestic card scheme is in line with domestic global trends.

”With this initiative, Nigeria will be joining countries like China, Russia, Turkey and India, who have launched domestic card schemes, because of its transformative benefits for their respective payments and financial systems, particularly for the underbanked.

“The initiative is aimed at providing more options for domestic consumers while promoting delivery of services in a more innovative, cost effective and competitive manner,” he said.

Emefiele continued, “I look forward to more innovative products and services which will leverage on the national domestic card to avail digital financial services across all geographies and economic classes in Nigeria.

“It is important to note that all domestic transactions that are conducted in Nigeria will have to go through the national domestic card.

“This does not stop the usage of other existing cards but given that the charges on those cards are in dollars, we will no longer pay for those charges,” he said.

Also speaking, Aisha Ahmad, the Chairman of NIBSS and CBN Deputy Governor in Charge of Financial System Stability, said the forward thinking regulatory stance of the CBN had offered unique opportunities to drive cashless transactions to boost financial inclusion, deepen the financial system and promote inclusive economic growth.

Ahmad said : ”We shall all be witness to a strategic turning point for our payment system because the Nigerian National Domestic card scheme is the first CBN led domestic IT initiative in Africa.

”The card will give us sovereignty over data, save costs and present new list of opportunities for those in the card business.

“This scheme was birthed with continental aspirations to make AfriGO a payment beacon for the African continent,” she said .

Ifunanya Ikueze
Ifunanya Ikueze

Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.

Related Posts:

  • Domestic Economy: National Assembly Approves 2021 Budget, Raised Up Figure by NGN505.6bn
    Domestic Economy: National Assembly Approves 2021 Budget,…
  • Central Bank of Nigeria introduces "CBN Naira 4 Dollar Scheme" for Diaspora remittances
    Central Bank of Nigeria introduces "CBN Naira 4 Dollar…
  • Ecobank Nigeria Limited to launch $300 million senior notes
    Ecobank Nigeria Limited to launch $300 million senior notes
  • Nigeria's domestic debts up by 108% in 6 years, dominated by FGN Bonds
    Nigeria's domestic debts up by 108% in 6 years, dominated by…
Previous Post

NGX-ASI Turns Bullish…As Oil & Gas sector closed at a Gain of 1.58%

Next Post

Britain considers allowing foreign students to work longer hours

Next Post
Britain considers allowing foreign students to work longer hours

Britain considers allowing foreign students to work longer hours

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Thugs invade INEC office in Abia State.

Abia State House of Assembly election results – INEC

MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2023, qualification and payment dates

More than 70 feared dead as boat capsizes in Anambra

Anambra state House of Assembly election results

Gunmen invade Imo community, destroy properties

Imo state House of Assembly election results announced by INEC

CJN Ariwoola disguised on wheelchair for a secret meeting with Bola Tinubu in London – Peoples gazette

CJN Ariwoola disguised on wheelchair for a secret meeting with Bola Tinubu in London – Peoples gazette

BREAKING: Ekweremadu, wife, doctor found guilty of organ trafficking

BREAKING: Ekweremadu, wife, doctor found guilty of organ trafficking

SEC sues Tron founder Justin Sun, Lindsay Lohan, other celebrities over crypto sales

SEC sues Tron founder Justin Sun, Lindsay Lohan, other celebrities over crypto sales

FG agrees to pay $496 million as settlement claim for Ajaokuta Steel, others

Seplat Energy Plc takes legal action against Orjiako

Investogist
info@investogist.com

Follow us

Categories

  • Africa
  • Agriculture
  • Arts & Culture
  • Budgets
  • Business
  • Columnists
  • Commodities
  • Companies
  • Cryptocurrencies
  • Economic Data
  • Economy
  • Editorials
  • Financial Education
  • Football
  • Forex
  • Industry
  • Investogist Business Saturday
  • Job Opportunities
  • Markets
  • Nature
  • News
  • Nigeria
  • Op-ed
  • Opinion & Analysis
  • Places & People
  • Policies
  • Rates & Bonds
  • Sports
  • Stocks/Equities
  • Technology
  • Travel & Tours
  • Vacancies
  • World

Quick Links

  • News
  • Economy
  • Markets
  • Business
  • Opinion & Analysis
  • Travel & Tours

Newsletter

Copyright © 2023 investogist.com, All Rights Reserved

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us
No Result
View All Result
  • Home
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • Vacancies

Copyright © 2023 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist