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NIGERIA INTER-BANK SETTLE SYSTEM NIBSS
The new Domestic Card Scheme is a robust in-country Scheme tailored to address the specific requirements of Nigeria’s payment industry
These are 7 facts about the National Domestic Card Scheme System you should be aware of as a Nigerian citizen and resident
A total of 4.3 million new BVN registrations have been recorded so far this year
The new cheque leaflet has the following additional features: Expiry date, two-digit security code, QR code and standard dating format.
The Central Bank of Nigeria (CBN), on Monday, announced that all deposit money banks in the country and the Nigerian Interbank Settlement System (NIBSS) are to suspend the clearing of all cheque instruments in the Nigerian Clearing System, starting from today March 31st, 2020.
The latest African cybersecurity study by Demadiur Systems Limited has revealed that banks, insurance companies, and government institutions in Nigeria spent an estimated sum of $270.22 million in 2018 to prevent cyberattacks. #CYBERATTACKS #NIBSS #CBN
About five years after the introduction of the Bank Verification Number (BVN) by the Central Bank of Nigeria (CBN) in 2014, some 34.728 million bank accounts across Nigeria are yet to be linked to BVNs. @cenbank @nibss_ng
The Nigerian Electronic Fraud Forum (NEFF), reported that 63,895 bank customers lost a total of N3.6 million to cyberfraud between 2017 and 2018.