Tag: NIBSS

NDIC, NIBSS Move to Digitise Depositor Reimbursement as Bank Failures Loom

NDIC and NIBSS seal plans to digitise depositor reimbursement for failed banks BVN-driven verification to enable faster, safer payouts to affected customers Mobile money, real-time data sync proposed to strengthen…

Sodiq Olaitan

Over 60m Nigerians Register BVN Ahead of January 31 Deadline

The Nigerian Interbank Settlement System (NIBSS) has reported that over 60.2 million Nigerians have registered for a Bank Verification Number (BVN) as of January 11, 2024. NIBSS stated that it…