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Insurance cover for banking transactions begins October, says NIBSS

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Banking transactions will, from next month, be fully insured and risks associated with them underwritten by insurance companies, the Managing Director, Nigeria Interbank Settlement System (NIBSS) ,Ade Shonubi, has said. Shonubi, who spoke at a briefing in Lagos, at the weekend, said banks and NIBSS approached insurance companies and operators, who accepted to underwrite the ...

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