E-Banking Transactions Through NIBSS Declined In April   Electronic transactions through the use of Point of Sale terminals (POS) electronic bills payment platform as well as funds transfers through the Nigeria Inter Bank Settlement System (NIBSS) Instant Payment channel reduced in April compared to March this...

In Nine Months, 12 Banks Earn N133.92bn From E-payments         Increased investment in technology and the introduction of new online payment channels have earned Nigerian banks N133.92bn. The adoption of electronic channels for financial transactions earned 12 Deposit Money Banks about N133.92bn revenue in the first nine...

Electronic Payment Hit N50.3trn In Five Months     The value of transactions via the Nigeria Interbank Settlement System Instant payment system and on Point of Sales terminals across the country rose to N50.3tn from January to May this year. The two platforms recorded a 16 per cent...

CBN: Electronic Payments Hit N424trn In 9 Months   The Central Bank of Nigeria (CBN)’s cashless policy has received a boost as the total value of transactions through various electronic payment (e-payment) channels stood at a total of N424.371 trillion in the first nine months of...