Eid-el-Fitr: Banks Online Transactions Hit 3.4m     Bank customers carried out about 3.4 million transactions on Nigeria Interbank Settlement System Instant Pay platform recorded on the second day of Eid-el-Fitr, live updates provided by the NIBSS have shown. As Muslim faithful across the country celebrated the conclusion...

Customers Carry Out 3.11m E-transactions As Banks Reopen   Bank customers across the country carried out over three million online instant payments on Nigeria Interbank Settlement System Instant Pay platform as Lagos and other states’ residents eased the one-month long lockdown. Live updates provided by the NIBSS...

CBN Suspends Cheque Clearing From Today     With effect from today, the Central Bank of Nigeria (CBN) has suspended the clearing of all cheque instruments in the Nigerian clearing system. A circular signed and sent out to all Deposit Money Banks and the Nigeria Internal Settlement System...

COVID-19: Online Instant Payments Now 3.71 million   Bank customers across the country carried out over 3.71 million online instant payments on Nigeria Interbank Settlement System Instant Pay platform as Lagos and other states’ residents prepare for partial shutdown. Live updates provided by the NIBSS stated that...

Nigerians Shun PoS Transactions Over Charges   The volume of electronic payment transactions through Point of Sale (PoS) terminals dropped by 4.83 billion in one month. It dipped from 46.13 billion deals in December 2019 to 41.3 billion in January, according to the Nigerian Interbank Settlement...

On New Year’s Day, Banks Instant Payments Hit 1.65m   Bank customers carried out over 1.65 million transactions on Nigeria Interbank Settlement System Instant Pay platform on New Year’s Day. Live updates provided by the NIBSS stated that as of 3.54pm on the first day of the...