Nigeria Recorded Over $2.48bn Export To South Africa In 2020         Nigeria has exported commodities not less than $2.48 billion (R6billion) within the last 24 months, South Africa Consular General Hon Malik Abdul has stated. Abdul, who disclosed this in a document made available to The Nation,...

NIP Transactions Hit N20trn In May - NIBSS       Nigerians transacted over N20tn instant payment transactions in May according to the Nigeria Inter-Bank Settlement System. Transaction in May was 0.15 per cent higher than for April. Instant payment transactions in May also showed a spending recovery from...

E-payment Transactions Hit N60.34trn In Q1 — NIBSS       The value of transactions via digital payment platforms – Nigeria Interbank Settlement System Instant Payment System and Point of Sales terminals – rose to N60.34tn in in the first quarter of 2021. The two platforms recorded a 87.1...

Online Transactions Increase By 99% To N22.77trn       The value of transactions carried out online by bank customers jumped to N22.77tn in March 2021, the latest data from the Nigeria Inter-Bank Settlement System have shown. This shows a growth of 99 per cent from the mobile transaction...

Cheque Transactions Shrink By 39% As Digital Payments Rise       The volume of cheques cleared by Nigerian banks keep shrinking as bank customers continue to embrace electronic payments for their financial transactions. From January to September this year, the volume of cheques dropped by 39 per cent...

E-payment Transactions Hit N111.29trn In Nine Months         The value of transactions via the two digital payment platforms – Nigeria Interbank Settlement System Instant Payment System and Point of Sales terminals – rose to N111.29tn from January to September this year. The two platforms recorded a 44...