News & Events

DEC 2023 NEWS TOMILOLA TOBUN, AARON ALASA AND AJIBOLA ASOLO

On 5 December 2023, the Nigerian Inter-Bank Settlement System PLC (“NIBSS”) issued a notice directing all deposit money banks, merchant banks, payment service banks, microfinance banks, mortgage banks, and mobile money operators (“MMOs”) to delist non-deposit-taking financial institutions (“NDFIs”) such as switching and processing companies, Payment Solution Service Providers (“PSSPs”), and Super Agents (“SAs”) as beneficiary institutions on their respective NIP funds transfer channels.

Read more