Tag: NIBSS
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Unclaimed dividends in capital market hits N190bn – SEC
The Securities and Exchange Commission (SEC) says that the unclaimed dividends figure in the nation’s capital market currently stands at N190 billion.
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See key features of AfriGo, Nigeria’s new national domestic card
The Central Bank of Nigeria (CBN) in collaboration with the Nigerian Inter-Bank Settlement Systems (NIBSS) launch the National Domestic Card Scheme ‘AfriGo’ on Thursday with the view to transform the Nigerian payment system.
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Stamp Duty: Facts Nigerians need to have – By Garba Shehu
President Muhammadu Buhari came into office in 2015 to find that a law, which stipulated for the collection of a token on banking transactions existed but was not being correctly implemented.
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CBN, NIBSS, set to introduce national card scheme
The Central Bank of Nigeria (CBN) and Nigeria Inter-Bank Settlement Systems (NIBSS) Plc, in conjunction with Bankers’ Committee will soon float a national card scheme to improve the payment system in Nigeria.
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NIBSS to launch “touch-free” payment solution on Monday
The Nigeria Inter-Bank Settlement System Plc (NIBSS) on Wednesday said it would be launching a Quick Response (QR) code driven payment solution in partnership with all financial service providers. NIBSS said in a statement that the NQR code platform was an indigenous payment solution introduced by NIBSS on behalf of all financial service providers. It…
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Active bank account owners in Nigeria hit 122.4 million – NIBSS
Latest figures released by the Nigeria Inter-Bank Settlement Systems (NIBSS) have revealed that there are over 122 million bank accounts in Nigeria as at June 2019. This is a sharp increase from the figures recorded as at December 2018, which put the total number of bank accounts at 118.1 million. However, there is a stack…
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Ecobank wins CBN/NIBSS Award for Data Integrity
Ecobank Nigeria over the weekend carted away the “Electronic Data Rendition Compliance and Integrity” Award at the 2019 edition of the Central Bank of Nigeria (CBN) Electronic Payment Incentive Scheme (EPIS) Efficiency Awards. The CBN EPIS Efficiency Awards is organized to celebrate financial institutions, merchants and other stakeholders at the forefront of driving electronic payment…
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36.8m bank accounts linked to BVN – NIBSS
Records from he Nigerian Interbank Settlement Scheme (NIBSS) have shown that about 36.8 million bank accounts have been linked to the Bank Verification Number (BVN). This represents 51 per cent of the total number of active bank accounts as of February 17 2019. The number of active bank accounts, according to the NIBSS data, is…
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Bank tellers, Internet banking channels losing significance
Bank tellers and Internet banking channels might be losing significance as both channels respectively lost 5% of total transfer transactions, according to the 2018 Interbank Instant Payments Annual Report. TheNewsGuru (TNG) reports the annual report released by the Nigeria Inter-Bank Settlement System (NIBSS) to shed some light on the performance of Inter-bank Instant payments, shows…
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Nigeria’s e-payment transactions hit N56.85trn
Report from the Nigerian Interbank Settlement System (NIBSS), have indicated that Nigeria’s electronic payment (e-payment) services, recorded transactions worth N56.85 trillion from January to September, 2018. The report showed an increase of N16.4 trillion when compared to the N40.45 trillion that was recorded in the corresponding period of 2017. The report showed that most of…