Accounts Closure: 57.96 million BVN Issued in H2, 2023 - NIBSS The total number of issued Bank Verification Numbers rose to 57.96 million as of July 3, 2023, according to data obtained from the Nigeria Inter-Bank Settlement System Plc. This was as the Central Bank of...

Nigerians’ Expenditure on Utility Bills Hits N1.69tn Latest data from the Nigeria Inter-Bank Settlement System shows that Nigerians spent N1.69tn electronically on utility bills such as power, Pay TV subscriptions, and other everyday utilities in the first seven months of 2022. This is a 32.06 per...

Cashless Transactions Rise By 41%, Now N210trn Cashless transactions in Nigeria rose by 40.66 per cent year-on-year to N210.08 trillion in the first seven months of 2022, according to data from the Nigeria Inter-Bank Settlement System (NIBSS). From January to July 2022, N210.08tn was processed on...

Spending on Utility Bills in Nigeria Soars by 387%  - E-payment The Nigeria Inter-Bank Settlement System report has indicated that the amount Nigerians spent on electronic bills such as power and other utilities grew by 387.19 per cent from N189.50bn in the first four months...

NIBSS: Cashless Transactions Hit N117.33tn In Four Months, Rise By 44% The Nigeria Inter-Bank Settlement System data shows that cashless transactions rose by 44 per cent year-on-year to hit N117.33tn in the first four months of 2022. According to the report, from January 2022 to April...

E-payments Rose By 6.37% To N24trn In September     The value of e-payment transactions in Nigeria rose by 6.37 per cent to N24.08tn in September. This was according to the data released by the Nigeria Inter-Bank Settlement System. In August total e-payment transactions was N22.64tn. E-payment transactions are...