Major Banking Shift Non Deposit Entities To Be Removed From Nibss Transfer List

Major Banking Shift:Non-Deposit Entities to be Removed from NIBSS Transfer List

A significant change in Nigeria’s banking sector, as banks have been instructed to remove Switches, Payment Solution Service Providers (PSSPs), and Super Agents from the Nigeria Inter-Bank Settlement System (NIBSS) Instant Payment Outwards System. This directive, outlined in a circular from NIBSS dated December 5, 2023, aims to align with the Central Bank of Nigeria’s […]

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