NPS Processes Over 26 Million Transactions As First Bank, Fidelity Bank Lead in Volume And Value

  LAGOS AUGUST 12TH (NEWSRANGERS)The Nigeria Inter-Bank Settlement System  (NIBSS) Plc, Nigeria’s foremost payments infrastructure provider, has commenced the rollout of the National Payment Stack (NPS), a sovereign, ISO 20022 compliant digital  infrastructure designed to succeed legacy NIBSS Instant Payment (NIP) system and  modernize Nigeria’s financial ecosystem. Unifying payments, identity, and data onto a  single…

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Nduka Obaigbena Breaks Silence On General Hydrocarbons Limited,  First Bank Crisis

LAGOS JANUARY 12TH (NEWSRANGERS)-The Chairman of the Board of General Hydrocarbons Limited, Nduka Obaigbena, CON  has finally break his silence over the crisis brewing between his company and First Bank of Nigeria (FBN). Obaigbena in a statement personally signed by him and made available to NewsRangers through email  said as the owners of General Hydrocarbons…

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How Employee Defrauds First Bank Of ₦40bn

LAGOS MAY 2ND (NEWSRANGERS)-In an astonishing turn of events, First Bank, one of Nigeria’s financial giants with a market capitalisation of ₦829 billion, has been rocked by a colossal fraud scandal. An employee from their head office in Iganmu, Lagos, stands accused of siphoning off an eye-watering ₦40 billion ($29 million) over nearly two years….

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