CBN Relaxes PoS Geo-Fencing Rules, Extends Compliance Deadline to August 2026
The Central Bank of Nigeria (CBN) has eased one of its key regulations governing Point of Sale (PoS) operations by ...
Tag: NIBSS
Nigeria’s Financial Sector Loses N52.26 Billion to Fraud in 2024, Reports NIBSS
Nigeria’s financial institutions suffered a staggering loss of N52.26 billion to fraud in 2024, according to the latest report by ...
E-Payment Transactions in Nigeria Reach Record N89.5 Trillion in July 2024
The Nigeria Inter-Bank Settlement Systems (NIBSS) has reported a new record in electronic payment transactions, with Nigerians spending a total ...
Nigeria Sees Surge in Active Bank Accounts, Reaches 219.6 Million in March 2024 – NIBSS
Nigeria's banking sector experiences a notable uptick in active bank accounts, reaching a total of 219.6 million in March 2024, ...
Mobile Money Transactions to Hits N46.6 Trillion in 2023-NIBSS
According to data released by the Nigeria Inter-Bank Settlement Systems (NIBSS), licensed mobile money operators like Opay, Palmpay, and 15 ...
Nigerian Banks Lose N9.5 Billion in 2023 Due to E-Fraud
Amid growing concerns about the surge in electronic fraud within Nigeria's financial sector, the Nigeria Inter-Bank Settlement System (NIBSS) has ...
CBN clarifies BVN expiration date claims.
The Central Bank of Nigeria (CBN) has released a statement clarifying that the Bank Verification Number (BVN) is for life, ...
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FG Dismisses Plans for New Taxes on Fuel and Telecoms
