Legit.ng on MSN12d
NIBSS report reveals how fraudsters stole N329 million using fake BVN images
A new report by the Nigeria Inter-Bank Settlement System (NIBSS) has revealed that enrolment agents created still images for ...
Business Day7h
Nigeria’s cash payments to fall 32% on digital transaction surge
Nigeria is undergoing a significant shift toward digital payment methods, with cash payments projected to decline by 32 percent by ...
Okay.ng14d
Banks and Fintechs Under Fire: NIBSS Alleges Blatant Disregard for Withdrawal Limits, Fueling Fraud Surge
Banks and fintechs face accusations of ignoring CBN withdrawal limits, leading to a dramatic fraud surge, NIBSS reports.
Okay.ng12d
Fraudsters Defraud BVN Users, Steals N329m Using Fake Identities
A new report by the Nigeria Inter-Bank Settlement System (NIBSS) has revealed a shocking fraud scheme in which criminals ...
Leadership8h
PalmPay Plans Issuance Of 5m AfriGO Cards To Nigerians
PalmPay and AfriGO have secured a strategic partnership in a move to redefine the payment landscape by issuing over 5 million AfriGO cards to Nigerians.
Biometric Update10d
Lack of liveness detection costs Nigeria’s financial institutions millions in fraud
These incidents evoke the need for liveness detection systems to secure biometric identity verification by banks and ...
Daily Post Nigeria2d
PalmPay partners with AfriGO to advance Nigeria’s financial inclusion, digital economy
PalmPay and AfriGO have announced a strategic partnership. This collaboration aims to redefine the payment landscape by ...
Nairametrics16d
Nigeria’s financial sector suffers N52.26 billion loss to fraud in 2024 – NIBSS report
Financial institutions in Nigeria lost N52.26 billion to fraud in 2024 according to the latest report by the Nigeria ...
Nairametrics15d
Banks, fintechs flouting CBN’s daily withdrawal limit, allow fraudster withdraw N374 million -NIBSS
The Nigeria Inter-Bank Settlement System (NIBSS) has accused Nigerian banks and fintechs of flouting the Central Bank of Nigeria's (CBN’s) ...
Business Day2d
PalmPay, AfriGO’s 5 million contactless cards to simplify payment
PalmPay and AfriGO have announced a strategic partnership that aims to deploy over 5 million AfriGO cards to Nigerians.In a ...
The Whistler10d
Data From NIBSS, NIMC To Be Used For Digital Infrastructure Project- FG
The federal government will harvest data of Nigerians on the Nigerian Interbank SettlementSystem (NIBBS), National Identity ...
The Punch on MSN12d
Fraudsters steal N329m using images for BVN enrolment
The fraudulent scheme enabled transactions involving the N329m just days after the BVNs were generated and the fake accounts ...