A N52 billion fraud loss by Nigerian banks in 2024, despite ongoing attempts to strengthen security systems, underscores the ...
Digital fraud in Nigeria surges, with banks losing N52 billion. NIBSS report highlights rising threats and needed security ...
Industry regulator on Wednesday claimed that money lost to fraud in Nigeria’s banking system has nearly tripled over the past ...
Fraudsters exploited vulnerabilities in Nigeria’s banking system to steal over N1 billion through Bank Verification Numbers (BVNs) illegally registered minors.
Banks and other financial institutions lost about N52.3 billion to fraudulent activities in the five years ending in 2024, the NIBSS revealed ...
The Nigeria Inter-Bank Settlement System (NIBSS) has accused Nigerian banks and fintechs of flouting the Central Bank of Nigeria's (CBN’s) ...
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The Punch on MSNDigital payment fraud hits N52bn – ReportThe amount lost to fraud in Nigeria’s digital payments sector has surged by 350 per cent over the past five years, rising from N11.61bn in 2020 to N52.26bn in 2024, according to a recent report by the ...
Money lost to fraud in Nigeria's banking system has nearly tripled over the past five years, an industry regulator said ...
Nigeria’s financial sector suffered a N52.26 billion loss due to fraud in 2024. This amounts to a 196% surge over the past five years, per the latest Nigeria Inter-Bank Settlement System (NIBSS) Fraud ...
Decentralization is the process of redistributing control from a single authority to a broader network of participants ...
Zone’s entry into Nigeria’s payment ecosystem introduced a revolutionary concept: a blockchain-powered payment infrastructure designed specifically for financial institutions. In ...
Today, the country boasts one of the most advanced payment infrastructures in the world, processing more real-time payments ...
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