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Understanding The Treasury Single Account (TSA) System – Things You Should Know

August 17, 2015  |   In The News,Press Room  

Earlier in February, the Central Bank of Nigeria issued a circular directing all deposit money banks to implement the Remita e-Collection Platform.  The Remita e-Collection is a technology platform deployed by the Federal Government to support the collection and remittance ...

Lemo lists benefits of electronic payment

March 27, 2015  |   In The News,Press Room  

The former Deputy Governor, Operations, Central Bank of Nigeria, Mr. Tunde Lemo, has listed some of the benefits of electronic payment to the country. He also stressed the need to improve on the adoption of cashless payment platforms. Lemo, who said the ...

Government revenue to decline by 25% in 2015 Q1

March 23, 2015  |   In The News,Press Room  

As oil accounts for 94 per cent of Nigeria’s export revenue and with slump in the international price of crude oil, Federal Government’s revenue has been predicted to decline further by 21-25% in the first quarter of 2015. The Managing Director, ...

FG’s Revenue May Decline by 25% This Quarter

March 23, 2015  |   In The News,Press Room  

Nigeria’s federally collected revenue is likely to decline further by about 25 per cent this quarter, the chief executive officer, Financial Derivatives Company ...

Transition to e-payment of taxes will be gradual – Obaro

March 23, 2015  |   In The News,Press Room  

In order to make tax payment more convenient for tax payers, the Federal Inland Revenue Service (FIRS) last month introduce electronic filling and payment of taxes. The initiative was in partnership with SystemSpecs, owners of the Remita electronic payment platform, ...

Wearing ties for years was like bondage – John Obaro

September 29, 2014  |   In The News  

You are currently the Chief Executive Officer of one of the biggest indigenous software firms in Nigeria; do you feel fulfilled in life? I would say yes and no. Yes, because of the honour of leading a ...

SystemSpecs’ Remita platform to deepen CBN cashless policy

July 09, 2014  |   In The News  

SystemSpecs Nigeria, an indigenous and wholly-Nigerian firm, has introduced Remita, a one-stop multi-bank shared services platform for processing e-payments, e-collections, e-payroll, and e-schedules by organisations and individuals. Developed by SystemSpecs, Nigeria’s foremost software provider, Remita ...