Buy Now, Pay Later market in Nigeria to hit $2.61 billion by 2030, driven by fintech expansion
Nigeria’s Buy Now, Pay Later (BNPL) market is projected to grow by over 83% in the next six years, reaching ...
Tag: NIBSS
Over 400 million Africans still financially excluded despite fintech growth – AfricaNenda CEO
The Chief Executive Officer of AfricaNenda Foundation, Dr. Robert Ochola, has said that over 400 million Africans remain financially excluded ...
Explainer: How the new CBN Diaspora NRBVN works
The Central Bank of Nigeria (CBN), in partnership with the Nigeria Inter-Bank Settlement Systems (NIBSS), recently launched the Non-Resident Bank ...
NIBSS MD: 357 Nigerians from 7 countries have applied for NRBVN to ease diaspora remittances
Since its launch was first announced in Washington D.C. last year by the Central Bank of Nigeria (CBN) Governor, Mr. ...
CBN launches new platform to boost $1 billion monthly remittances
The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), has officially launched the Non-Resident ...
Fraudsters steal over N1 billion through BVN registered for minors – NIBSS
Fraudsters exploited vulnerabilities in Nigeria’s banking system to steal over N1 billion through Bank Verification Numbers (BVNs) illegally registered minors.
Banks, fintechs flouting CBN’s daily withdrawal limit, allow fraudster withdraw N374 million -NIBSS
The Nigeria Inter-Bank Settlement System (NIBSS) has accused Nigerian banks and fintechs of flouting the Central Bank of Nigeria's (CBN’s) ...
Fraudsters steal N400 million through accounts opened with stolen identity in 2024 – NIBSS
The Nigeria Inter-Bank Settlement System (NIBSS) has reported that approximately N400 million was stolen by fraudsters through financial accounts opened ...
Nigeria’s financial sector suffers N52.26 billion loss to fraud in 2024 – NIBSS report
Financial institutions in Nigeria lost N52.26 billion to fraud in 2024 according to the latest report by the Nigeria Inter-Bank ...
NIBSS upgrades NQR payment to enhance digital transactions in Nigeria
The Nigeria Inter-Bank Settlement System (NIBSS) has unveiled significant upgrades to its Nigeria Quick Response (NQR) payment system, designed to ...
