POS transactions in Nigeria hit over N3 trillion in H1 2021
Nigerians are steadily increasing their preference for cashless payments as against holding and transacting in cash.
Tag: Nigeria Inter-Bank Settlement System
2.2 million farmers to benefit from FG’s N12.3 billion agric subsidy
The Presidency has said that more than 2.2 million farmers are set to receive about N12.3 billion agricultural subsidy from ...
E-payments industry continues to show promise
The most impressive growth was recorded in Mobile Interscheme transfers category where transaction value and volume grew 311.1% y/y.
Eid-El-Kabir: Nigerians witness many cases of PoS payment failure due to network disruptions
During the Eid-El-Kabir holidays, poor network service disrupted quite a number business transactions across Nigeria, as many bank customers could ...
E-payments ecosystem continues to show promise
We expect the e-payments industry to continue to record significant growth even beyond the pandemic.
Senate to investigate CBN over non-remittance of over N20 trillion stamp duty charges
The Senate has ordered an investigation into Central Bank of Nigeria’s (CBN) non-remittance of over N20 trillion into the Federation Account.
