Category : Search result: CrossBorder Payments


CBN Reforms End Festive Season Cash Scarcity

The Central Bank of Nigeria's committee, led by Governor Olayemi Cardoso, implemented holistic reforms ensuring seamless cash flow during the 2025 festive season, marking a historic shift from perennial shortages.

Bluebulb Wins Finance Excellence Award at 2025 PBN Awards

Bluebulb, a cross-border payments fintech, has won the Finance Excellence Award at the 2025 PBN Awards. The award recognises its work in removing barriers for African businesses in global trade. Read more about this achievement.

Nigeria records $4.6bn BoP surplus in Q3 2025

Nigeria's external sector strengthens as the CBN reports a $4.6 billion Balance of Payments surplus for Q3 2025, driven by trade gains and rising reserves. Read the full analysis.

NNPC Debt Waiver: Only Penalties Forgiven

Clarification emerges that NNPC's $1.42bn and N5.57tr debt waiver covered only interest and penalties, not core royalties. CHRICED slams the move as reckless and opaque.

Nigeria's Q3 Current Account Surplus Falls 41%

Nigeria's current account surplus dropped sharply to $3.42bn in Q3 2025, a 41% decline. Explore the CBN data on oil exports, remittances, and rising external obligations shaping the nation's balance of payments.

Kidnappers collect ₦2.57bn ransom in one year

A new report exposes that kidnappers in Nigeria collected a staggering ₦2.57 billion in ransom from July 2024 to June 2025, with the Northwest as the epicentre. Discover the shocking scale of this criminal enterprise.

FG Orders Road Contractors to Stay on Site for Christmas

Works Minister David Umahi directs contractors on major highways to remain on site during the festive season to ease gridlock. FG also announces N263bn payment plan for contractors, pending verification of N2.13trn debt.

OneDosh Launches Borderless Payments in US and Nigeria

OneDosh launches its cross-border payments platform in the US and Nigeria, using stablecoin tech for instant, low-cost international transfers. The service is live in 49 US states, with New York coming soon.

NIBSS assures seamless festive e-payments

NIBSS promises hitch-free digital transactions this yuletide, backed by N384 trillion quarterly volume. FCCPC warns transporters against arbitrary fare hikes. Read more.

Gratuity Returns for Federal Workers in 2026

Federal workers celebrate as gratuity payments resume in January 2026 after a decade-long halt. The ASCSN also pushes for pension reforms and opposes Unity Schools' privatization.

Fintech Growth Demands Strategic Partnerships

Fintech sector growth is unsustainable without strategic partnerships with banks, regulators, and tech providers. Learn how collaborations drive financial inclusion and innovation in Nigeria.

Reps Committee Raises Alarm Over POS Fraud

House of Representatives committee warns of rising POS fraud and unlicensed crypto dealings by operators. Investigation reveals security gaps and regulatory breaches in Nigeria's fintech sector.

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