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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 21 Nov 2013
NIBSS Confirms Vodacom as POS Connectivity Service Provider
The Nigeria Inter-Bank Settlement System Plc (NIBBS) has confirmed Vodacom Business Africa (Nigeria) Limited as a new POS connectivity service provider in Nigeria. In addition, customers will…
- 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.…
- 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…
- 27 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. …
- 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…
- 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…
- 1 Nov 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.…
- 5 Nov 2016
NIBSS Partners Etisalat, Others to Unveil mCash Payment Solution
In furtherance of the financial inclusion vision of the Central Bank of Nigeria, the Nigeria Inter-Bank Settlement System(NIBSS) in partnership with several banks and four GSM operators, has unveiled…
- 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…
- 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…
- 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…
- 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,…
- 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…
- 12 Jun 2014
Banks Set for Biometric Registration of Customers on Monday
Deposit Money Banks will on Monday next week commence the biometric registration of their customers, the Nigeria Inter-Bank Settlement System Plc, the organisation coordinating the project, has said.…
- 20 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…
- 6 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…
- 29 May 2018
Paga Receives Award for Highest Transaction Performance from NIBBS
Paga has been presented an award by the Nigeria Inter-Bank Settlement Systems Plc (NIBBS) for the mobile money operator’s outstanding performance in achieving the highest transaction count on the…
- 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…
- Financial28 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.
- 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…
- 24 May 2020
Sterling Bank Launches OneBank App
Sterling Bank Plc, Nigeria’s leading digital bank has launched a new, unique but simple banking application that can be used for all banking and payment transactions by its customers. Mr. Olayinka…
- 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…
- 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…