Reps panel alarmed at rising POS fraud, unlicensed crypto operations
The lawmakers said they have also been alerted to the registration of fictitious companies at the Corporate Affairs Commission (CAC), ...
Tag: NIBSS
Financial Inclusion: Nigeria’s NIBSS emerges as the only African Payment system to reach matured inclusivity level
This was announced at the launch of the State of Instant Payment Systems (SIIPS) 2025 report in Eswatini, with Nigeria ...
Nigeria completes first live transaction on National Payment Stack
The transaction, executed between PalmPay and Wema Bank at 11:56 a.m. on Friday, was completed in milliseconds with instant settlement.
NIBSS unveils Next-Generation payment infrastructure – The National Payment Stack (NPS)
The cutting-edge payment infrastructure is another first in Africa, revolutionising the future of payments
CBN launches diaspora BVN platform to boost remittances
“For too long, many Nigerians abroad have faced difficulties accessing financial services at home due to physical verification requirements.”
![Nigerian banks [PHOTO CREDIT: Nairametrics]](https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2022/03/Capture-9.png?fit=829%2C519&ssl=1)
From 3-day wait to per second transaction: How bank transfers work?
When a bank transfer is initiated through NIP, the request is sent instantly to the recipient’s bank, and funds become ...
BVN enrolments hit 64.8 million
The BVN is a unique 11-digits identification number assigned to individuals with bank accounts to enhance security and reduce fraud.
Diaspora Nigerians no longer send money back home via unorthodox means – Cardoso
The Central Bank of Nigeria said diaspora remittances increased year-on-year by 130 per cent to $553 million in July 2024 ...
Zone and NIBSS Partner to revolutionise Payment Terminal Service Aggregator (PTSA) functions using blockchain technology
The partnership between NIBSS and Zone is set to enhance the POS payment rail by utilising blockchain technology to facilitate ...
Nigerian startup, Kippa, raises $8.4 million to expand offerings to Nigerian SMEs
Kippa said it has also obtained a licence from the Central Bank of Nigeria (CBN) to operate as a Super ...
Nigeria’s Jan-May PoS transaction ‘highest in four years’
Point of Sale (PoS) transactions across Nigeria between January and May 2020 was valued at N1.64 trillion
Financial Inclusion: Nigerian firm launches Eyowo to ease financial dealings
The CEO of Softcom, Tomi Amao, said Eyowo will help to deepen financial inclusion in Nigeria.
TSA transactions value hit 13.53 trillion in 2017 — CBN
The report says the value of transactions recorded represented an increase of 27.01 per cent over 2016 figure.
![NIPOST Lekki Post Office [Photo: The Guardian NG]](https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2018/07/NIPOST.jpg?fit=1200%2C675&ssl=1)
Controversy deepens over disbursement of ‘N20 trillion’ stamp duty revenue
FOI requests seeking information on the disbursement of the funds have remained unanswered.
Capital market committee approves plan to introduce e-IPO
The commission has also announced deadline extension for investors to regularise multiple accounts.
Nigerian banks lose N12.30 billion to fraud in 4 years
The figure was lost in 41,461 fraud cases between 2014 and 2017.
ICT experts condemn Central Bank’s partnership with foreign firm
The Central Bank recently partnered with a foreign ICT firm. Some experts in the field of Information and Communication Technology, ...
