Tag Archives: NIBSS

‎The Nigeria Deposit Insurance Corporation (NDIC) and the Nigeria Inter-Bank Settlement System (NIBSS) Plc. are set to sign a Memorandum of Understanding (MoU) aimed at ensuring a more efficient process of reimbursement of depositors in the event of bank failure.

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The United Bank for Africa (UBA), Nigeria Inter-Bank Settlement System (NIBSS), and other banks have collaborated to launch the NQR payment solution, aimed at enhancing financial inclusion and Nigeria's digital payment landscape

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The Nigeria Inter-Bank Settlement System (NIBSS) has said that a total of N12.310 billion was lost to banking fraud through various channels between 2014 and 2017. The Managing Director, NIBSS, Mr. Adebisi Shonubi who made this remarks’ on Thursday, also revealed that the volume of fraud perpetrated by fraudsters within the four years period stood 56,778, while the attempted fraud …

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The Nigeria Inter-Bank Settlement System NIBSS has disclosed that Points of Sale transactions increased by 54.3 per cent to N1.41tn in 2017 as more retail merchants embraced PoS as a means of transactions. It stated in a report that PoS transactions in 2016 were worth N0.76tn, while in 2015, they were N0.45tn from N0.31tn in 2014. The report read in part, …

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