Fraudsters exploited vulnerabilities in Nigeria’s banking system to steal over N1 billion through Bank Verification Numbers (BVNs) illegally registered minors.
The Nigeria Inter-Bank Settlement System (NIBSS) has accused Nigerian banks and fintechs of flouting the Central Bank of...
The Nigeria Inter-Bank Settlement System (NIBSS) has reported that approximately N400 million was stolen by fraudsters through financial accounts opened with stolen identities in 2024.
Financial institutions in Nigeria lost N52.26 billion to fraud in 2024 according to the latest report by the Nigeria Inter-Bank Settlement System (NIBSS).
The Nigeria Inter-Bank Settlement System (NIBSS) has unveiled significant upgrades to its Nigeria Quick Response (NQR) payment system, designed to streamline and enhance digital transactions for businesses and individuals across Nigeria.
The value of transactions over Point of Sales (PoS) terminals in Nigeria surged to N18 trillion in 2024, hitting an all-time yearly record.
The latest data released by the Nigeria Inter-Bank Settlement Systems (NIBSS) has revealed that licensed mobile money operators...
The latest data released by the Nigeria Inter-Bank Settlement System (NIBSS), has revealed that the number of active bank accounts in Nigeria rose to 311.6 million in December 2024.
Electronic payment transactions in Nigeria rose to N1.07 quadrillion in 2024, reaching an all-time high and the first time to hit the quadrillion mark.
Nigeria is on the verge of a new payment revolution, which experts are hopeful will bring more than...
Enrollments for the Bank Verification Number (BVN) by bank account owners in the country increased to 64.8 this month, according to the latest data released by the Nigeria Inter-Bank Settlement System (NIBSS).
The AGM brought together leaders and stakeholders in the banking and payment ecosystem to reaffirm their commitment to enhancing financial inclusion and digital payment solutions across Nigeria.
