Unraveling the recent NIBSS Memo that rattled Nigerian Fintechs

Written by: Oluwatobiloba Onigbogi Esq, Photo sourced from: energepic.com The decision to disconnect these entities from the NIP Outwards System stems from concerns about compliance with CBN guidelines.  On December 5, 2023, the Nigerian Interbank Settlement System (NIBSS) released a memo that sparked confusion for stakeholders in the fintech and banking industry. For context, NIBSS is a […]