30 results
- 10 Mar 2021
NIBSS PLC to Launch NQR Payment Solution for Nigeria
Nigeria Inter-Bank Settlement System Plc (NIBSS), incorporated and owned by all licensed banks including the Central Bank of Nigeria (CBN).), in partnership with all financial service providers is…
- 25 May 2026
NIBSS Blames System Glitch for Disappearance of N13.66Bn, Seeks Court Nod for Recovery
Nigeria Inter-Bank Settlement System Plc (NIBSS) has sued 19 commercial and microfinance banks, over N13.66 billion allegedly lost to unauthorized transfers following a major glitch on its payment…
- 7 Nov 2016
Fidelity Bank Goes Live on NIBSS mCash Product
Fidelity Bank Plc has gone live on the NIBSS mCash product which will allow its registered merchants to receive payments from customers using their phones, as part of the renewed efforts to further…
- 16 Feb 2021
Banks Lose over N5Bn to Cyber Fraud in 9 Months- NIBSS
The Nigeria Inter-Bank Settlement System Plc (NIBSS) has said that over N5bn was lost to fraudulent activities in the Nigeria Banking sector from January to September 2020. According to the NIBSS…
- 26 Apr 2020
Nigerians Abandon 9.1m BVNs in Banks- NIBSS
Nigeria Inter-Bank Settlement System Plc (NIBSS) has reported that 9.1 million Bank Verification Numbers (BVN) are inactive in various banks nationwide as at December 31, 2019. The report just…
- 29 Mar 2017
Instant Payment Hits N38.2trn Transactions Milestone in 2016 – NIBSS
Nigeria Inter-Bank Settlement System Plc (NIBSS) has said total volume of Instant Payment (NIP) transactions recorded 154.5 million with value of N38.2 trillion in 2016. This is an increase of 117…
- 13 Oct 2021
FirstBank Partners NIBSS for Digital Payment through New Solution
First Bank Nigeria Plc. has gone into partnership with the Nigeria Inter-Bank Settlement System Plc. (NIBSS) on its Nigeria Quick Response (NQR) payment solution. Dr Adesola Adeduntan, chief…
- 5 Jun 2019
NIBSS Appoints Oiwoh CEO
Nigeria Inter-Bank Settlement System Plc (NIBSS) has appointed Premier Oiwoh, as the its chief executive officer (CEO) after its former chief, Ade Shonubi, resigned to take up a new role as deputy…
- 19 May 2025
Court to Hear NIBSS Suit Seeking Exclusive Power to Manage BVN Database
Federal High Court in Abuja on Monday fixed 26 May to hear a suit filed by the Nigeria Inter-Bank Settlement System (NIBSS) Plc against the Central Bank of Nigeria (CBN) and others. NIBSS, in the…
- 24 Feb 2021
CIBN, NIBSS Begin Professional Certification Programme on Electronic Payment
The Chartered Institute of Bankers of Nigeria (CIBN) in collaboration with Nigerian Inter-Bank Settlement System Plc (NIBSS) has introduced a Professional Certification Programme on Electronic…
- 26 Jan 2023
CBN, NIBSS Unveil ‘Afrigo’ Nigeria’s National Domestic Card Scheme
Central Bank of Nigeria on Thursday officially unveiled the Nigerian National Domestic Card Scheme – AFRIGO, in conjunction with the Nigeria Inter-Bank Settlement Systems (NIBSS) Plc, the Bankers…
- 23 Jun 2014
Banks Lose N159Bn to Cyber Crimes
Nigerian banks lost a total of N159 billion to electronic fraud between 2000 and the first quarter of 2013, Nigerian Inter-Bank Settlements Systems (NIBSS Plc) has said. The organisation, however,…
- 14 Sept 2015
NIBSS Partners Etisalat on BVN Query Service
The Nigeria Inter Bank Settlement System Plc (NIBSS) says over 20 million customers have been enrolled by banks in the ongoing Bank Verification Number (BVN). The organisation said in a statement…
- 2 Nov 2014
E-PPAN, NIBSS Upbeat on Strategic Cashless Nigeria
The Nigeria Inter-Bank Settlement System Plc (NIBSS) and the Electronic Payment Providers Association of Nigeria (E-PPAN) said that through strategic alliances and partnerships across the e-payments…
- 13 Apr 2025
NIBSS Heads to Court to Recover N4Bn Lost due to System Glitch
Nigeria Inter-Bank Settlement Systems (NIBSS) PLC has approached a Federal high court in Lagos to salvage the sum of N4.1 billion vanished from it coffers due to system glitch. NIBSS filed the suit…
- 26 May 2025
Court to Deliver Judgment in NIBSS’ Suit against CBN, Others over BVN Database Management
Federal High Court in Abuja on Monday, fixed July 4 for judgment in the suit filed by the Nigeria Inter-Bank Settlement System (NIBSS’) Plc against the Central Bank of Nigeria (CBN) and others.…
- 5 Aug 2014
NIBSS, IKEDC Develop Online Payment Platform
The Nigeria Inter-Bank Settlement Systems (NIBSS) Plc, has helped in creating an online platform to facilitate convenient payment options for Ikeja Electricity Distribution Company (IIKEDC) post-paid…
- 16 Aug 2024
NIBSS Celebrates Landmark Achievements @ Annual General Meeting
The Nigeria Inter-Bank Settlement System Plc (NIBSS) on Thursday held its 30th Annual General Meeting (AGM) at its headquarters on Ahmadu Bello Way, Victoria Island, Lagos. According to a press…
- 31 Oct 2018
NIBSS Donates to Public Schools, Reiterates Support for Education
Nigeria Inter-Bank Settlement System (NIBSS) Plc, has reaffirmed its commitment to supporting the nation’s educational system as one of its focus for Corporate Social Responsibility (CSR) Initiative.…
- 19 May 2012
NIBSS Names Folashodun Adebisi Shonubi New CEO
The Board of Directors of Nigeria Inter-Bank Settlement System (NIBSS) Plc has announced the appointment of Folashodun Adebisi Shonubi, as the new Managing Director/CEO of the foremost electronic…
- 22 Dec 2017
NIBSS Tasks IT Professionals on Innovation to Drive Digital Financial Services
By peter oluka ‘Niyi Ajao, executive director, Business Development, NIBSS Plc., believes information technology (IT) experts have crucial roles to play to assist Nigeria deepen its financial…
- 18 Jul 2015
NIBSS, Global Tech Giants Partner on Cashless Policy
Nigeria’s cashless policy agenda received a boost recently as the Nigeria Inter-Bank Settlement Systems PLC (NIBSS), in conjunction with two global technology giants, Samsung and International…
- 24 Jun 2015
Banks Capture 14m Customers BVN
About 14 million bank customers nationwide had enrolled for the Bank Verification Number (BVN), according to Nigeria Inter-Bank Settlement System (NIBSS) Plc. BVN is for biometric registration of all…
- 11 Oct 2015
CDNet, Other Top IT Firms Mull I Cell Tech Workshop 2015
Career Development Network (CDNet), Nigeria Computer Society (NCS), Nigeria Inter-Bank Settlement System Plc (NIBSS), CWG, SystemSpecs, Interswitch, Internet Solutions (IS) and other top IT firms are…
- 8 Nov 2013
Banks Lose N159Bn to e-Fraud
Mrs. Christabel Onyejekwe, executive director, Business Development, Nigerian Inter-Bank Settlements Systems, (NIBSS Plc), has said that Nigerian banks have lost a total of N159 billion to…
- 30 Jun 2021
Banks Clear Cheques Worth N246.Bn in May- NIBSS
Banks in the country cleared cheques valued at N246.62 billion in the month of May, according to the data released by the Nigerian Interbank Settlement System (NIBSS) Plc. The figure is N2.92 billion…
- 17 Feb 2021
Nigerian Banks Lost N5 Billion to Fraud in 9 Months
The Nigeria Inter-Bank Settlement System Plc (NIBSS) has revealed that the banking sector has reported more than N5 billion loss to fraud between January and September 2020. This was contained in the…
- 26 Feb 2019
Accounts Linked to BVN Hit 37m
Nigeria Inter-Bank Settlement System Plc (NIBSS) records have shown that about 36.8 million bank accounts have been linked to the Bank Verification Number (BVN) as of February 17 this year. …
- 15 Apr 2018
Diamond Bank partners MTN, VISA, Microsoft, NIBSS, Others to unveil TECH FEST
Nigeria’s technology space is set to witness a game-changing experiential platform with the unveiling of Tech Fest by Diamond Bank Plc in partnership with MTN, Visa, Microsoft, NIBSS, Deloitte and…
- 24 Mar 2021
Telcos Reject Demand by Banks for SIM Swap List
Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN), has asked telecommunication companies, to submit lists of SIM Swap customers to Nigeria Interbank Settlement System (NIBSS) for…