Banks lose N18bn to fraudsters in 2023 -NIBSS
The Nigeria Inter-Bank Settlement System has said that financial institutions lost about N17.67bn to fraud in 2023. This was disclosed in its ...
Friday, January 10, 2025
Tag: NIBSS
Active Bank Accounts in Nigeria Surge to 219.6 Million in March 2024 – NIBSS
The Nigeria Inter-Bank Settlement System (NIBSS) has reported a staggering 219.6 million active bank accounts in Nigeria as of March ...
Mobile Money Operators Processed N46.6 Trillion in Transactions in 2023 – NIBSS
According to data released by the Nigeria Inter-Bank Settlement Systems (NIBSS), 17 licensed mobile money operators facilitated transactions valued at ...
NIBSS Issues Directive to Banks: Exclude Switches and PSSPs from Transfer Lists
In a recent development, banks have received a directive from the Nigeria Inter-Bank Settlement System (NIBSS) to remove non-deposit taking ...
E-bills payment falls by 44% over cash crunch – NIBSS
The value of electronic utility payments fell by 44.86 per cent in February despite the Central Bank of Nigeria’s naira ...
PoS transactions grow by 40%, e-payment hits N39.58tn – NIBSS
Naira’s scarcity caused by the Central Bank of Nigeria’s redesign and cash withdrawal policy has pushed Point of Sales transactions ...
NIBSS: Mobile transfers by bank customers hit N12.8 trillion in 9 months
According to the Nigeria Inter-Bank Settlement System (NIBSS), bank customers in Nigeria transferred a total of N12.8 trillion using mobile ...
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