Tag
PSBS
“Card or transfer?” is a question most Nigerians are now familiar with when making payments, however, that question would have been odd five years ago, when cash was the dominant means of payment.
The Nigeria Deposit Insurance Corporation (NDIC) has announced a substantial increase in the maximum deposit insurance coverage levels across various banking sectors. Effective immediately, the new coverage adjustments were revealed during a press conference held by the NDIC's MD/CEO, Mr. Bello Hassan, on May 2, 2024.
Managing Director and Chief Executive of Heritage Bank Limited, Ifie Sekibo has asserted that Payments Service Banks will pose no threats, neither will they be considered as competitors when they debut in Nigeria.