CBN, Others Address Nigeria's Digital Future at CIO Africa Inaugural Summit Nigeria's Central Bank of Nigeria (CBN), Nigeria Inter-Bank Settlement System Plc (NIBSS), and other stakeholder organizations have urged policy makers and the private sector to collaborate to ensure Nigeria explores more opportunities related to...

In One Year, E-payment Transactions Rise By 85.52%           Nigeria’s electronic payment transactions increased by 85.52 per cent year-on-year to N171.99tn in August 2021, data obtained from the Nigeria Inter-Bank Settlement System have shown. From January to August 2020, e-payment was N92.71tn. It increased to N171.99tn in...

NIP Transactions Hit N20trn In May - NIBSS       Nigerians transacted over N20tn instant payment transactions in May according to the Nigeria Inter-Bank Settlement System. Transaction in May was 0.15 per cent higher than for April. Instant payment transactions in May also showed a spending recovery from...

E-payment Transactions Hit N60.34trn In Q1 — NIBSS       The value of transactions via digital payment platforms – Nigeria Interbank Settlement System Instant Payment System and Point of Sales terminals – rose to N60.34tn in in the first quarter of 2021. The two platforms recorded a 87.1...

Online Transactions Increase By 99% To N22.77trn       The value of transactions carried out online by bank customers jumped to N22.77tn in March 2021, the latest data from the Nigeria Inter-Bank Settlement System have shown. This shows a growth of 99 per cent from the mobile transaction...

TAJBank Deploys NQR Solution To Ease Customers' Transactions TAJBank, Nigeria’s most innovative non-interest bank, has announced the deployment of the NQR Payment solution, an indigenous Quick Response Code by NIBSS, for merchants and customers as the newest addition to its innovative e-business channels. The NQR Payment...