Home Topics NIBSS

NIBSS

NCC: Why we crashed USSD price cap

Today’s global economy is increasingly dependent on mobile technology. This is not just for telecommunications services but also for a number of other services offered by adjacent industries.

Insecurity, fraud clog financial inclusion stride

As fiscal and monetary authorities collaborate to ensure that Nigerians keep up the 63.6 per cent financial inclusion stride with the aim of attaining the set target of 20 per cent exclusion rate by 2020, the frightening series of bank robberies and frauds in the system may have put a lid on the agenda.

NIBBS: NIP records increase volume of transactions over cheques in Q1

The Nigerian Interbank Settlement System (NIBSS), says the NIBSS-Interbank Payments (NIP) recorded an increase in the volume of transactions in the first quarter of 2019 over transactions made through cheques.

Bank’s e-transactions hit N34 trillion in Q1

A total volume of 557,083,712 transactions valued at N34.02tn were recorded in Q1 2019 as data on Electronic Payment Channels in the Nigeria’s banking sector.
National Bureau of Statistics NBS

NBS: E-payments hit N34.02 trillion in Q1, 2019

A total of 557,083,712 electronic-payment transactions valued at N34.02 trillion were recorded in selected banks across the country in the first quarter, 2019, Nigeria’s statistics bureau has said.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

SEC: Why unclaimed dividends are increasing

The capital market has continued to record high incidence of unclaimed dividends due to the provision of inadequate proof of ownership of shares by investors, the acting Director General of the Securities and Exchange Commission (SEC), Mary Uduk, has said.

House of Reps to investigate CBN, banks, others over stamp duties non-remittance

The House of Representatives is to constitute an ad hoc investigative panel over the non-remittance of stamp duty by the Central Bank of Nigeria (CBN), money deposit banks and other collection agents.

Central bank mulls extension of payment system vision to 2030

With just one year to the Payment System Vision (PSV) 2020, the Central Bank of Nigeria (CBN) has disclosed that it has commenced a review of the project, just as it hinted of plan to set new targets under a refreshed version tagged PSV 2030.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

SEC urges investors to regularise multiple shareholding accounts before Dec. 31

The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.
The Independent National Electoral Commission (INEC) says it will probe the TraderMoni micro-credit scheme of the Federal Government.

Presidency: TraderMoni loans not for election

Critics of TraderMoni – a social investment programme of the Federal Government – got a reply yesterday to their claim that the scheme was introduced to buy votes during the general elections.
Contrary to speculations in some quarters, the TraderMoni scheme and other GEEP micro-credit products (MarketMoni and FarmerMoni) – a component of the Buhari administration’s Social Investment Programme, are still very much in operation, Mr Laolu Akande, the Senior Special Assistant on Media & Publicity to the President (Office of the Vice President), has said.

Presidency: 30,000 traders have received Tradermoni after elections

Contrary to speculations in some quarters, the TraderMoni scheme and other GEEP micro-credit products (MarketMoni and FarmerMoni) – a component of the Buhari administration’s Social Investment Programme, are still very much in operation, Mr Laolu Akande, the Senior Special Assistant on Media & Publicity to the President (Office of the Vice President), has said.
Point of Sale - POS

NIBSS, others move to tackle e-payment failures

According to Ajao, the TAT had been configured at 15 seconds in agreement with banks and processors. However, delayed responses from Issuers after this timeout in recent times could cause authorised debits not to return to the terminal before the set TAT.
Point of Sale - POS

NIBSS upgrades systems for anticipated 100% rise in POS transactions

The Nigerian Inter-Bank Settlement Systems says it has upgraded its systems to accommodate an anticipated 100% rise in point-of-sale transactions.

Justice Onnoghen: BVN reveals more accounts

A Bank Verification Number (BVN) search may have exposed more accounts linked to the suspended Chief Justice of Nigeria (CJN), Justice Walter Onnoghen.
e-Payment - iStock

Nigeria’s e-payment transactions hit N56.85 trillion

Latest report from the Nigerian Interbank Settlement System (NIBSS), has shown that Nigeria’s electronic payment (e-payment) services, recorded transactions worth N56.85 trillion between January and end of September, 2018.
Oseni Elamah

JTB: Nigerian tax payers now 35 million

The ongoing database consolidation of the Joint Tax Board (JTB) has seen Nigeria’s data base of tax payers expanding from 20 million to 35 million.
Mary Uduk

SEC advises on collective investments, mutual funds

The Securities and Exchange Commission (SEC) has advised retail investors in the capital market to invest in Collective Investment Schemes and Mutual Funds to help reduce risk.

CBN: TSA transactions value hit N13.53 trillion in 2017

The Central Bank of Nigeria (CBN) says the migration of the Federal Government Ministries, Departments and Agencies (MDAs) to the Treasury Single Account (TSA) led to positive growth in the value and volume of transactions recorded in end to end payments in 2017.

Recent Stories

Nigerian Stock Exchange NSE

NSE: Investors react positively to ministers’ inauguration, assignment

Investors on the Nigerian Stock Exchange (NSE) on Wednesday reacted positively to the inauguration and assignment of ministers to various portfolios by President Muhammadu Buhari.
Presidential media aide, Malam Garba Shehu, says the Buhari administration is working with state governments across the Northwest to pursue an urgent revamp of the national security apparatus in the subregion.

President Buhari warns cabinet members against unnecessary altercation

President Muhammadu Buhari on Wednesday in Abuja, cautioned new cabinet Ministers against unnecessary altercation while discharging their responsibilities.
Senator Shehu Sani (APC-Kaduna)

Kaduna election: Tribunal dismisses Shehu Sani’s petition for lack of merit

The National Assembly Election Petitions Tribunal in Kaduna has dismissed the petition challenging the election of Senator Uba Sani as the lawmaker representing Kaduna Central Senatorial District at the National Assembly.
President Muhammadu Buhari on Monday appointed his wife, Aisha, and the wife of the Vice-President, Mrs Dolapo Osinbajo, to serve on the Presidential Advisory Committee on the Elimination of Drug Abuse in the country.

President Buhari approves appointment of aides for First Lady

President Muhammadu Buhari has approved the appointment of aides for the Office of the First Lady, occupied by Hajia Aisha Buhari.
Rwanda's President Paul Kagame and Uganda's Yoweri Museveni were once close allies but their relations have turned deeply hostile in a dispute that damaged trade between the neighbours.

Ugandan, Rwandan leaders sign pact to end months-long standoff

The presidents of Rwanda and Uganda on Wednesday signed an agreement in Angola to end months of tensions after the two leaders exchanged accusations of spying, political assassinations and meddling.