NIBSS

February 10, (THEWILL) – With digital transactions hitting over N1 quadrillion in 2024, 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...

January 12, (THEWILL) – Unknown to many people, the reinforced commitment by the Nigerian Inter-Bank Settlement System (NIBSS), towards advancing the country’s financial inclusion strategy, played a major role in the business boom that occurred in the rural areas...

December 02, (THEWILL) - In a significant move aimed at enhancing financial inclusion and the digital payment landscape in Nigeria, the United Bank for Africa (UBA) on behalf of Nigeria Inter-Bank Settlement System (NIBSS), other Banks and financial institutions,...

October 21, (THEWILL) - Several Nigerian banks have engaged in systems upgrade in recent times which has created service disruptions to the consternation of the customers and other banks’ services users. In the past weeks, major Nigerian deposit money...

August 18, (THEWILL) – The macro headwinds that triggered the current recapitalisation exercise in Nigeria’s banking industry have pushed the banks into fierce competition for service delivery and market share. As industry analysts have observed, the unexpected magnitude of the...

August 15, (THEWILL) – The Nigeria Inter-Bank Settlement System Plc (NIBSS), on Thursday, August 15, 2024, held its 30th Annual General Meeting (AGM) at its headquarters on Ahmadu Bello Way, Victoria Island, Lagos. The event marked a significant...

August 11, (THEWILL) – The Nigeria Inter-Bank Settlement System (NIBSS) has reminded banks and other financial institutions to forward their customers’ account details to its Industry Customer Account Database (ICAD). NIBSS disclosed this in a statement titled: “CBN’s directive: Submission...

June 23, (THEWILL) - The Nigeria Inter-Bank Settlement System (NIBSS) has announced the appointments of Mrs. Ebehijie Juliet Momoh as Managing Director/Chief Executive Officer and Mr. Ugo Obasi as Chief Operating Officer of AfriGOPay Financial Services Limited (AFSL), a...

May 2, (THEWILL) - At least 2.021 million bank accounts have been closed in the first quarter of 2024 (Q1’24), the Nigerian Interbank Settlement System (NIBSS) said in its latest report. This followed a regulatory order by the Central...

February 14, (THEWILL) - New data from the Nigeria Inter-Bank Settlement System Plc (NIBSS) has revealed that the number of active bank accounts in Nigeria increased to 151 million in December 2022, Despite a 13 percent growth in...