September 25, 2025
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Home Posts tagged NIBSS
Business

PoS transactions triple by 209% to N10.45trn in Q1 2025

Promise Eze 0
Point-of-sale (PoS) transactions in Nigeria jumped to N10.45 trillion in the first quarter of 2025, more than tripling the N3.62 trillion recorded in the same period of 2024. The latest figures, released by the Nigeria Inter-Bank Settlement System (NIBSS), show a 209 percent year-on-year surge—driven by rising adoption of electronic payments and a wider distribution […]
Banking Business

FirstBank boosts financial inclusion through digitisation in Sub-Saharan Africa

Ihesiulo Grace 0
Ladesope Ladelokun FirstBank of Nigeria Limited has announced its organisation of a Joint Seminar with sub-Saharan African Banking and Telecom Regulators to promote financial inclusion through digital innovations in sub-Saharan Africa. The event which was held in Lagos recently was themed “Advancing ePayment and Digital Innovations in Africa- Evolution of Nigeria’s Payment
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Money

BVN issued to bank customers hit 30m – NIBSS

Ihesiulo Grace 0
The Nigeria Inter Bank Settlement System Plc (NIBSS) said over 30 million bank customers have been issued Bank Verification Number (BVN) as at August 13,2017. So far, NIBBS has issued 58 per cent BVN cards to 51.7 million total BVN accounts holders that have enrolled. NIBSS said total BVN accounts enrollment in January was at […]