Business

Online transfers hit N2.1trn in November 2022-NIBSS

Ihesiulo Grace 19 December 2022 0

By Joy Obakeye Nigeria Inter-Bank Settlement System (NIBSS) data indicate that bank customers in Nigeria transferred a total of N2.1 trillion over mobile in November 2022. The November figure brought the total mobile inter-scheme transactions on the NIBSS platform to N16.9 trillion in the last

Banking Business

FirstBank boosts financial inclusion through digitisation in Sub-Saharan Africa

Ihesiulo Grace 17 July 2019 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

Business Headlines

Bank customers with BVN now 33.95m – NIBSS

Ihesiulo Grace 23 July 2018 0

Total bank customers with Bank Verification Number (BVN) stood at over 33.95 million as at July 15, 2018, data obtained from the Nigeria Inter Bank Settlement System Plc (NIBSS) has revealed. This development simply means that 46.7per cent of the 72,696,254 active account holders have registered on BVN initiative of the Central Bank of Nigeria […]

Money

BVN issued to bank customers hit 30m – NIBSS

Ihesiulo Grace 15 August 2017 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 […]

Business Money

Ecobank, NIBSS enhance mobile payment with new solution mCash

Ihesiulo Grace 29 November 2016 0

Ecobank has joined a collaboration between the Nigeria Interbank Settlement Scheme, NIBSS and the four major telecommunications operators (Etisalat, MTN, Airtel and Globacom), to offer a new mobile money payment solution, mCash.   The new mobile payment solution enables easy payments using the mobile phone of account holders. It facilitates low value retail payment