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Difference between open-loop and closed-loop payment cards

What is open-loop? Open-loop payments are attracting attention worldwide as a convenient method of paying for transport and other services. Open-loop means any…
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Nigeria to Launch Its Own Cryptocurrency ‘eNaira’ in Partnership With Bitt

Nigeria barred banks and financial institutions from dealing in or facilitating transactions in cryptocurrencies in February. HIGHLIGHTS eNaira would accelerate financial inclusion The…
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What is Fintech ? Types of Fintech

Fintech, or financial technology, is the term used to describe any technology that delivers financial services through software, such as online banking, mobile…
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CBN removes N379/$1 exchange rate from website

The Central Bank of Nigeria (CBN) has removed the exchange rate of N379/$1 from its website homepage conforming with the bank’s policy that…
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