Zenith, GTCO lead banks’ N126.8 billion IT spending in H1 2025
Five of Nigeria’s lenders, led by Zenith and GTCO, collectively poured N126.8 billion into information technology (IT) in the first ...
Tag: NIBSS
Nigerian banks must up cybersecurity investments as costs of hacks soar—Experts
Cybersecurity experts have warned that Nigerian banks must urgently invest more in defences as cybercrime continues to drain billions from ...
From the continent, For the continent: Building homegrown instant payment systems to drive financial inclusion in Africa
Africa is undergoing a digital transformation, marked by rising mobile phone adoption even in remote regions, rapid fintech innovation, and ...
Active bank accounts in Nigeria rise to 320 million in March 2025 – NIBSS
The latest data released by the Nigeria Inter-Bank Settlement System (NIBSS), has revealed that the number of active bank accounts ...
E-payment transactions in Nigeria hit N284.9 trillion in Q1 2025
Electronic payment transactions in Nigeria rose to N284.9 trillion in the first quarter of 2025 as more Nigerians go cashless.
CBN clarifies NRBVN charges, says BVN enrolment remains free for Nigerians in Nigeria
The Central Bank of Nigeria (CBN) has dispelled recent rumours circulating on social media about the introduction of new or ...
Court upholds CBN-backed NIBSS Authority to manage BVN Database nationwide
The Federal High Court in Abuja on Friday affirmed the legality of the Nigeria Inter-Bank Settlement System Plc’s (NIBSS) management ...
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 ...
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 ...
