30 results
- News28 Aug 2026
NIBSS Launches Free Quarterly Financial Services Journal
Nigeria Inter-Bank Settlement System (NIBSS) Plc has launched NIBSS Digest- a quarterly digital journal aimed at shaping conversations around the future of payments and financial services in Nigeria, Africa and beyond.
- News25 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…
- News7 Apr 2026
BVN Database hits 68.6m - NIBSS
Bank Verification Number (BVN) in Nigeria's database has grown to 68.6 million as of March 2026, according to newly released data by the Nigeria Inter-Bank Settlement System (NIBSS). The figure,…
- News6 Apr 2026
NIBSS Says 28 Percent of Nigerians have Registered for BVN
Latest data report from the Nigeria Inter-Bank Settlement System (NIBSS) has pegged Nigeria’s Bank Verification Number (BVN) Database at 67.8 million registrations (27.97% of the country’s…
- News26 Jan 2026
NIBBS to Boost Financial Inclusion with Offline Payment Solutions
The Nigeria Inter-Bank Settlement System (NIBSS) is looking into offline payment solutions as part of its efforts to increase financial inclusion and reach Nigerians who have limited or no access to…
- News18 Nov 2025
NIBSS's Platform Becomes Africa’s First ‘Mature’ Instant Payment System
Nigeria Inter-Bank Settlement System’s (NIBSS) Instant Payment platform (NIP) has become the first and only Instant Payment System (IPS) in Africa to reach the “Mature” level of inclusivity on…
- News28 Jul 2025
NIBSS: Active Bank Accounts in Nigeria Hit 320m
Nigeria Inter-Bank Settlement System (NIBS) has revealed that the number of active bank accounts in the country increased to 320 million in the first quarter of 2025. NIBSS also announced that the…
- News4 Jul 2025
Court Affirms NIBSS Authority to Manage BVN
Federal High Court in Abuja on Friday affirmed the authority of the Nigeria Inter-Bank Settlement System (NIBSS), to manage the Bank Verification Number (BVN), database across the country, in line…
- News18 Jun 2025
NIBSS National Payment Stack to Transform Nigerian Instant Payments
Nigeria Inter-Bank Settlement System (NIBSS) has launched the National Payment Stack (NPS), a payment infrastructure aimed at redefining digital payments in Africa and building on the introduction of…
- News26 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.…
- News20 May 2025
CAC, NIBSS Unveil Platform for Data Access to Private Firms
Corporate Affairs Commission (CAC) in partnership with the Nigeria Inter-Bank Settlement System (NIBSS) has unveiled a new Application Programming Interface (API) integration system to allow private…
- News19 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…
- News13 May 2025
CBN, NIBSS Unveil BVN Platform for Diaspora Nigerians
Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS) on Tuesday inaugurated an innovative digital gateway allows Nigerians in the diaspora to obtain a…
- News13 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…
- News3 Mar 2025
Nigerian Banks Lose Millions of Naira in Frauds Due to Lack of Live Detection
Nigeria Inter-Bank Settlement System (NIBSS) has revealed that the country’s financial sector lost around N52.26 in 2024 to fraudsters, some of whom enrolled fake identities for Bank Verification…
- News26 Feb 2025
Nigerian Banking Sector Fraud Increases Threefold to N53Bn -NIBSS
Money lost to fraud in Nigeria's banking system has nearly tripled over the past five years, according to an analysis released by the Nigeria Inter-Bank Settlement System (NIBSS). NIBSS estimated…
- News19 Feb 2025
NIBSS Says about 20m Bank Accounts Dormant in Nigeria
The number of dormant bank accounts in Nigeria is over 19.69 million, according to the industry customer account database released by the Nigeria Inter-Bank Settlement System (NIBBS). Dormant…
- News30 Jan 2025
Active Bank Accounts Hit 311.6m— NIBSS
Nigeria Inter-Bank Settlement System (NIBSS) has said the number of active bank accounts in Nigeria rose to 311.6 million in December 2024. This data shows that there was a significant increase from…
- News28 Jan 2025
CBN Orders NIBSS to Debit Banks over Fraudulent Transactions
Central Bank of Nigeria (CBN), has directed the Nigeria Inter-Bank Settlement System (NIBSS) to debit the settlement accounts of commercial banks that receive fraud proceeds. This is in an effort to…
- News1 Dec 2024
UBA Partners NIBSS on NQR Payment Solution
United Bank for Africa (UBA) on behalf of Nigeria Inter-Bank Settlement System (NIBSS), other Banks and financial institutions, has successfully hosted the inaugural Annual General Meeting (AGM) of…
- News29 Sept 2024
NDIC Adpots NIBSS to Pay Heritage Bank Depositors, List Steps to Claim Trapped Funds
Nigeria Deposit Insurance Corporation (NDIC) has announced the adoption of the Nigeria Inter-Bank Settlement System (NIBSS) for payment of insured depositors of the defunct Heritage Bank, citing…
- News20 Aug 2024
Fintech, NIBSS Partner to Boost POS Transactions
Zone Payment Network Limited, formerly known as Appzone, has collaborated with the Nigeria Inter-Bank Settlement System to enhance POS transactions across the country. According to a statement on…
- News16 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…
- News6 Apr 2024
NIMC, Others to Unveil National ID Card with Payment Features
National Identity Management Commission (NIMC), in collaboration with Nigeria Inter-bank Settlement System (NIBSS) and the Central Bank of Nigeria (CBN), is set to launch an improved national…
- News5 Apr 2024
Adekanye, Former CRO @ NIBSS Takes Legal Action for Wrongful Termination
Temidayo Adekanye, a former chief risk officer of the Nigeria Inter-Bank Settlement System (NIBSS), has filed a lawsuit against the organization for alleged unlawful termination of his employment.…
- News17 Mar 2024
BVN Registration Hits 61.16m
Nigeria Inter-Bank Settlement System has said the registration for the Bank Verification Number (BVN) has now increased to 61.16 million, according to Vanguard report. NIBSS disclosed this on its…
- News7 Dec 2023
NIBSS Orders Banks to Suspend Opay, Flutterwave, Others from Transfer List
Nigeria Inter-Bank Settlement System (NIBSS) has asked banks to delist Payment Solution Service Providers (PSSPs) Switches and Super Agents from its outward payment or transfer list. Payment Solution…
- News14 Apr 2023
Mobile Money Transactions Grow in February 2023
Data from the Nigeria Inter-Bank Settlement System (NIBSS) has shown that the volume of mobile money transactions for the month of February 2023 rose by 70 percent to 183.69 million compared to…
- News26 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…
- News2 Oct 2022
CBN and NIBSS Raise over Rising Internet Fraud
Central Bank of Nigeria (CBN) and the Nigeria Inter-Bank Settlement System (NIBSS) have expressed worry over the growing menace of Internet fraud in the financial services sector. They wondered why…