• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, September 2, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

CBN, NIBSS Launch National Domestic Card Scheme For Nigeria

by Mark Itsibor
3 years ago
in Business
CBN
Share on WhatsAppShare on FacebookShare on XTelegram

has announced the introduction of a National Domestic Card Scheme effective January 16, 2023. The bank said the move is line with its mandate to promote stability, inclusion and growth in the financial and payment system.

Advertisement

Nigeria is Africa’s largest and most vibrant economy and the pace of digitisation and innovation, alongside the expansion of mobile penetration and the proactive policy initiatives of the CBN have driven the accelerated adoption of digital financial services.

Considering the strength and breadth of its banking sector and the rapid growth and transformation of its payments system over the last decade, the bank believes that Nigeria is ideally positioned to successfully launch a national card scheme.

CBN said it’s building on this platform to accelerate financial inclusion, which requires infrastructure that can deliver lower cost payments services that are more accessible and affordable for Nigerians.

“Domesticating our card scheme also enhances data sovereignty, enabling the development of locally relevant products and services and reduces demands on foreign exchange,” the bank’s spokesman Osita Nwasinobi said in a statement.

RELATED

Kogi Communities Benefit From Dangote Cement’s Scholarship Awards

Kogi Communities Benefit From Dangote Cement’s Scholarship Awards

6 hours ago
Investors Reap N4.43trn Profit From Equities In 2 Months

NGX Suspends Trading In 3 Firms’ Shares

6 hours ago
ADVERTISEMENT

He said the scheme can also be leveraged as a platform for the seamless dissemination of government-to-person payments and other social impact initiatives, enhancing financial access and supporting the growth of a robust and inclusive digital economy.

 


Join Our WhatsApp Channel



SendShare10212Tweet6383Share
ADVERTISEMENT
Previous Post

Rivers: PDP Youths Tackle Wike, Say exclusion Claim By Atiku False

Next Post

NRC Deploys Additional Security Personnel To Patrol Railway Tracks

Mark Itsibor

Mark Itsibor

Mark Itsibor is a journalist and communication specialist with 10 years of experience, He is currently Chief Correspondent at LEADERSHIP Media Group and writes on Finance, Economy, Politics, Crime, and Judiciary. He has a B.Sc in Political Science, Post Graduate Diploma in Journalism (Print), and B.A in Development Communication. His Twitter handle is @Itsibor_M

You May Like

Kogi Communities Benefit From Dangote Cement’s Scholarship Awards
News

Kogi Communities Benefit From Dangote Cement’s Scholarship Awards

2025/09/02
Investors Reap N4.43trn Profit From Equities In 2 Months
Business

NGX Suspends Trading In 3 Firms’ Shares

2025/09/02
Global Financial Systems: Shettima Champions Fair Treatment For African, Caribbean, Pacific States
News

Nigeria Economic Society Seeks Inclusive Growth, Honours Shettima, Others

2025/09/02
Phone Users Choose Data Calls Over Voice Amid High Tariffs
News

Phone Users Choose Data Calls Over Voice Amid High Tariffs

2025/09/02
DMO Opens September FGN Savings Bond
News

DMO Opens September FGN Savings Bond

2025/09/02
Equities Market Opens September Trading With N362bn Loss
News

Equities Market Opens September Trading With N362bn Loss

2025/09/02
Leadership Conference advertisement

LATEST

Nestlé Fires CEO Over Undisclosed Office Romace With Subordinate

Court Remands 18-year-old Man For Alleged Rape Of Toddler In Ekiti

Crystal Palace Sign Nigerian Midfielder Uche On Loan From Getafe

Skitmaker Sanku Dies In Road Accident

NDLEA Intercepts Illicit Herbal Mixture, Cannabis In Kano

Man City Sign Donnarumma As Ederson Joins Fenerbahce

‘Pakistan, Nigeria United In Fight Against Terrorism’, Says High Commissioner

NES Seeks Inclusive Economic Growth, Honours Shettima, Iyabo Masha, Others

NDYC Backs NSA, Condemns El-Rufai’s ‘Divisive Remarks’

Maureen Ifada Wins ‘Marketing Director Of The Year’ Award

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.