Media Updates

Recent updates about NIBSS you may want to catch up with; News stories, Media mentions, Reports, views and chronicles of our activities

Customers go for PoS transactions

POS machines deployment have increased in recent months with many cardholders, especially at the grassroots, previously cautious about digital banking and safety of their funds have embraced the scheme as COVID-19 pandemic reduced cash demand and usage but there are challenges

Electronic Payment Transactions Hit N111.29tn in Nine Months

The value of transactions via the two digital payment platforms – Nigeria Interbank Settlement System Instant Payment System and Point of Sales terminals – rose to N111.29tn from January to September this year.

How the financial industry in Nigeria can adapt to the Covid-19 pandemic: Focus on Payments

Changing consumer behavior, adjusted business models and emerging regulatory concerns are currently being analyzed in various organizations to determine appropriate strategies

NIBSS Insight: Fraud in the Nigeria Financial Services

Fraud. A common word, and a global phenomenon that seeks to take advantage of vulnerabilities in various systems in order to criminally achieve a financial gain

NIBSS Donates To Public Schools….Reiterates Support for Education

The 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.

How Prepaid Bills Hurt the Economy

This gives an indication of how important an efficient national payments system is to the development and continuous growth of the national economy

For A Better User Experience With Point Of Sale Terminals

Card payments on Point of sale (POS) terminals in Nigeria have grown in volume from a paltry 5,000 monthly volume in 2011 to 30Million in November 2018, all thanks to the success of the Cashless Nigeria initiative launched by the Central Bank of Nigeria and all banks in Nigeria in 2011

SANEF: Bringing Financial Services Closer to Every Nigerian

SANEF is is a project powered by the Central Bank of Nigeria, Deposit Money Banks, Nigeria Inter-Bank Settlement Systems, Chartered Institute of Bankers of Nigeria, licensed Mobile Money Operators and Shared Agents with the primary objective of accelerating financial inclusion in Nigeria

The Imperative Urgency Of Financial Inclusion

The United Nations Development Programme (UNDP) measures human development across countries in three basic dimensions: a long and healthy life, access to knowledge and a decent standard of living