NIBSS News
Latest articles and news about NIBSS on AXL Media.
Latest Articles
- Nigerian Banks Grapple with High-Value Fraud as Sophisticated Cyberattacks Drive Massive Financial Losses
Published: Apr 23, 2026
Section: Africa
A new report reveals that while the total volume of banking fraud in Nigeria decreased by 4 percent in 2025, the financial impact per incident has surged. Internet banking has emer...
- BVN Database Reaches 68.6 Million Amidst Stricter Central Bank Identity Management Regulations
Published: Apr 6, 2026
Section: Africa
Nigeria's Bank Verification Number registrations slowed in the first quarter of 2026, reaching a total of 68.6 million users. The decline follows a new Central Bank of Nigeria fram...
- Central Bank of Nigeria Establishes Payments Service Providers’ Committee to Regulate Rapidly Expanding Digital Ecosystem
Published: Apr 3, 2026
Section: Africa
The CBN has inaugurated a Payments Service Providers’ Committee to coordinate licensed providers and regulators including the NCC and SEC. Following a record-breaking 2024 where el...
- Central Bank Assures Stability as Union, Keystone, and Polaris Banks Advance Toward Mandatory Capital Thresholds
Published: Apr 3, 2026
Section: Africa
The Central Bank of Nigeria has confirmed that Union, Keystone, and Polaris Banks are actively raising funds to meet new recapitalization requirements. Despite ongoing regulatory r...