NIBSS
NIBSS to bar non-deposit banks from money transfer channels
Business a.m The Nigeria Interbank Settlement System Plc (NIBSS) has directed Nigerian banks to remove non-deposit-taking financial institutions such as…
How cyber insurance can protect Nigeria’s digital ecosystem
By Cynthia Ezekwe. The rapid digital evolution in Nigeria has enhanced financial performances of Nigerian companies and businesses through the…
Integrate MNOs, plug into diaspora remittances, boost eNaira adoption
By Alexander Chiejina. Since the launch of the eNaira, Nigeria's central bank digital currency (CBDC), on October 25, 2021, the…
Nigerians initiated transaction valued at N158trn in 2020 as a result of the pandemic – NIBSS
Charles Abuede The total value of transactions effected via the electronic fund transfer (ETF) grew 50 per cent to…
Inactive PoS machine reaches 140,000 on the back of N50 stamp duties
Zainab Iwayemi In recent times, the Point of Sale (PoS) machines has surged significantly in the digital banking space…
Nigeria consumers pay N444.2bn on utility, subscription in 5 months using digital channels
Charles Abuede Payments of utility bills and subscriptions for various digital channels cost Nigerians and foreigners living in the…
NIBSS records 1.7mn BVN registration in 5 months
Nigerian banks have recorded a total of 1.7 million new BVN registrations in the past five months. This is according…
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