Nigeria’s financial regulators and payments infrastructure providers have reported a significant decline in electronic payment fraud, while urging stronger collaboration to maintain the momentum and support broader digital inclusion. The Central Bank of Nigeria (CBN) and the Nigeria Inter-Bank Settlement System Plc (NIBSS) made the call at the 2026 Nigeria Electronic Fraud Forum (NeFF) Technical…
The Federal Inland Revenue Service (FIRS) has launched a new electronic invoicing solution to transform how businesses pay taxes in Nigeria, a move that will make tax compliance faster, easier, and more transparent. The Executive-Chairman, FIRS, Dr Zacch Adedeji, disclosed this in a statement by Dare Adekanmbi, his Special Adviser on Media in Abuja on…
Chairman, House of Representatives Committee on Electoral Matters, Rep. Adebayo Balogun, has called for measures to strengthen the electronic accreditation system used during elections. Balogun made the call at the Situation Room Advocacy Meeting on the criteria for appointments into Independent National Electoral Commission (INEC) and the credibility threshold for the 2027 general elections, on…
The Central Bank of Nigeria (CBN) has announced the introduction of the Electronic Foreign Exchange Matching System (EFEMS), for Foreign Exchange (FX) transactions in the Nigerian Foreign Exchange Market (NFEM). According to a statement by Omolara Duke, Director, Financial Markets Department , the EFEMS will be implemented not later than Dec.1. Duke said that the…
