NIBSS

NIBSS Suffers Downtime, Affects Interbank Transfers

February 10, 2024

By Aduragbemi Omiyale There are strong indications that the instant payment transfer channel of the Nigeria Inter-Bank Settlement System (NIBSS) Plc is currently down.

Banking

NIBSS Orders Banks to Remove Paystack, Others from Funds Transfer Channel

December 7, 2023

Aduragbemi Omiyale

By Aduragbemi Omiyale Deposit Money Banks (DMBs) have been directed by the Nigeria Inter-Bank Settlement System (NIBSS) Plc to yank off all financial institutions

Banking

Fidelity Bank Chief Tasks NeFF on Solutions to e-Fraud Threats

August 22, 2023

Modupe Gbadeyanka

By Modupe Gbadeyanka The Nigeria Electronic Fraud Forum (NeFF) has been tasked to come up with solutions to the challenges posed by electronic fraud

Banking

Kuda Educates Customers on Benefits of Cashless Payment Methods

July 22, 2023

Aduragbemi Omiyale

By Aduragbemi Omiyale An awareness campaign aimed to educate existing and new customers on the benefits of cashless payment solutions has been launched by

Nigeria's cashless economy Victor Irechukwu

Feature/OPED

Four Technologies That Can Drive Nigeria’s Cashless Economy

May 3, 2023

Business Post Contributor

By Victor Irechukwu Waving your hand to pay after shopping at a store or simply placing your mobile phone on the checkout counter could

Banking

Access Bank Issues AfriGO Card to Customers for Robust Payment Ecosystem

March 30, 2023

Aduragbemi Omiyale

By Aduragbemi Omiyale Access Bank has become the first financial institution in Nigeria to successfully issue the first live card of Nigeria’s national card

Economy

Redesign Gone Wrong? – Costly Cashless

March 4, 2023

Business Post Contributor

How does the central bank retrieve 84.5% of a country’s currency in circulation in just 90 days? This was one of the many questions

Banking

Cashless Transactions in Nigeria Jump to N318.66trn in 11 Months

December 9, 2022

Adedapo Adesanya

By Adedapo Adesanya New data from the Nigeria Inter-Bank Settlement System (NIBSS) has shown that cashless transactions in Nigeria rose by 41.8 per cent

Banking

Agency Banking Has Revolutionised Nigerian Economy—NIBSS

November 21, 2022

Modupe Gbadeyanka

**Reiterates the Role of Technology in Financial, Payment Innovation By Modupe Gbadeyanka The Managing Director of the Nigeria Inter-Bank Settlement System (NIBSS), Mr Premier

Banking

CBN, NIBSS To Introduce National Payment Card

October 21, 2022

Adedapo Adesanya

By Adedapo Adesanya The Central Bank of Nigeria (CBN) and Nigeria Inter-Bank Settlement Systems (NIBSS) Plc, in conjunction with the Bankers’ Committee, will soon

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