electronic

ECOWAS Court Orders Nigeria To Pay German ₦63.6m, $10,000

ECOWAS Court Of Justice Updates Its Rules Of Procedure

The ECOWAS Court of Justice said it has updated its Practice Direction to enable the virtual conduct of Court sessions.

The court also said that it has updated the electronic filing of processes, according to the Supplementary practice direction.

A copy of the Practice Direction document, signed by the court’s President, Justice Edward Asante, was circulated to the Registry, Agents and lawyers representing parties before the Court.

Asante said that the practice direction was part of its efforts to adapt to the challenges posed by the raging COVID-19 pandemic which forced the court to …

CBN: Electronic Payments Hit ₦424tn In Nine Months

The Central Bank of Nigeria (CBN)’s cashless policy has received a boost as the total value of transactions through various electronic payment (e-payment) channels stood at a total of ₦424.371 trillion in the first nine months of 2019.

This represented 83.5 per cent increase compared with the total of N231.247 trillion recorded at the end of June 2019.
The figures were contained in the latest industry e-payment data as at the end of September obtained from the CBN.

The data also showed that while the combined value of Automated Clearing House System/NAPS/PMS stood at N17.966 trillion as at September, …