The Nigeria Inter-Bank Settlement System (NIBSS) has reported a considerable growth in instant payment transactions, with a total value of N1.07 quadrillion in 2024, up 78% from N600.36 trillion in ...
The number of Bank Verification Number (BVN) enrolments in the country has increased by 1.33 million, or 2.1 percent, to 64.8 million this month from 63.47 million at the end ...
The Nigeria Inter-Bank Settlement System has said that financial institutions lost about N17.67bn to fraud in 2023. This was disclosed in its Annual Fraud Landscape (January to December 2023) which was published ...
The Nigeria Inter-Bank Settlement System (NIBSS) has reported a staggering 219.6 million active bank accounts in Nigeria as of March 2024. Comparing this data to earlier releases by NIBSS, it's ...
According to data released by the Nigeria Inter-Bank Settlement Systems (NIBSS), 17 licensed mobile money operators facilitated transactions valued at N46.6 trillion in 2023. This marks the country's highest annual ...
In a recent development, banks have received a directive from the Nigeria Inter-Bank Settlement System (NIBSS) to remove non-deposit taking financial institutions from their transfer lists. According to a circular ...
The value of electronic utility payments fell by 44.86 per cent in February despite the Central Bank of Nigeria’s naira redesign policy aimed at growing cashless transactions. In February, the ...
Naira’s scarcity caused by the Central Bank of Nigeria’s redesign and cash withdrawal policy has pushed Point of Sales transactions to N807.16bn in January 2023. This is a 40.69 per ...
According to the Nigeria Inter-Bank Settlement System (NIBSS), bank customers in Nigeria transferred a total of N12.8 trillion using mobile devices between January and September of this year. The NIBSS ...
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