E-Transactions In Nigeria Now 3.5bn, Ranked 6th Globally   Following various policies by the Central bank of Nigeria (CBN) to boost cashless economy, analysts have noted that electronic transactions in Nigeria peaked at 3.5 billion in 2022, thus ranking Nigeria number 6 globally. Also, going into 2023,...

Banks Recorded N263.78trn e-transactions In Q2 – NBS       Total volume of 2,160,436,659 transactions valued at N263.78tn were recorded in the first six months of 2020 as data on electronic payment channels in the Nigeria banking sector show. The National Bureau of Statistics disclosed this in its...

Customers Carry Out 3.11m E-transactions As Banks Reopen   Bank customers across the country carried out over three million online instant payments on Nigeria Interbank Settlement System Instant Pay platform as Lagos and other states’ residents eased the one-month long lockdown. Live updates provided by the NIBSS...

Banks Recorded N40.48trn E-transactions In Q2, 2019   A total volume of 711.29 million transactions valued at N40.48tn were recorded in second quarter of 2019 as data on electronic payment channels in the Nigeria Banking sector revealed. The National Bureau of Statistics disclosed this in its 2019...

Banks Generate N124bn From E-transactions 11 Deposit Money Banks grew revenue from electronic transactions by 43 per cent in 2018. The growing adoption and investment in financial technology has earned 11 deposit money banks about N124bn revenue from electronic transactions in 2018. Nigerian banks have continued...