NIBSS
CBN, NIBSS Launch NRBVN Platform to Empower Nigerians in Diaspora with Remote BVN Access
The Central Bank of Nigeria (CBN) in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS) has officially launched the Non-Resident Bank Verification Number...
Moniepoint, Afrigopay Partner to Distribute 5 Million AfriGO Cards, Boosting Nigerian Digital Payments
Moniepoint Inc. has announced a strategic alliance with Afrigopay Financial Services Limited (AFSL), a subsidiary of the Nigeria Inter-Bank Settlement System (NIBSS), to...
Banks and Fintechs Under Fire: NIBSS Alleges Blatant Disregard for Withdrawal Limits, Fueling Fraud Surge
A stark revelation from the Nigeria Inter-Bank Settlement System (NIBSS) has cast a shadow over the integrity of Nigeria’s digital financial landscape. A...
Digital Fraud Surge: Nigerian Banks Lose N52 Billion in Five Years, NIBSS Reports
In an era defined by rapid digital expansion, the Nigerian financial sector faces a stark reality: a significant surge in fraudulent activities. The...
ICYMI: Dormant Accounts Surge, Millions in Limbo Amid CBN Scrutiny
A staggering 19.69 million bank accounts in Nigeria now lie dormant, a figure revealed by the Nigeria Inter-Bank Settlement System (NIBSS) data, raising...
BVN Platform for Nigerians in Diaspora to Launch by December – CBN Governor Cardoso
The Central Bank of Nigeria (CBN) has announced plans to launch a bank verification number (BVN) platform for Nigerians in the diaspora by...
NIBSS: Bank Verification Number (BVN) Registrations Reach 61.16 Million
The latest data released by the Nigeria Inter-Bank Settlement System (NIBSS) reveals that registrations for the Bank Verification Number (BVN) have surged to...
Nigeria’s Instant Payment Surges to N600.36 Trillion in 2023, NIBSS Data Reveals
The Nigeria Inter-Bank Settlement System (NIBSS) has disclosed that the total value of instant payments in 2023 reached a staggering N600.36 trillion, marking...
NIBSS: List of PSSPs, Switches, and Super Agents Delisted from Outward Transfers
Following the recent directive from the Nigeria Inter-Bank Settlement System (NIBSS) instructing banks to delist Payment Solution Service Providers (PSSPs), Switches, and Super...