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...

Banks Record N49.4trn Online Transactions   Increase in alternative digital payment platforms has reduced the number of visits to banking halls as indicated by the reduced number of payments made by cheques in the first half of the year. The volume of cheques cleared by Nigerian banks...

Online Transactions Hit 2.8m On Oct 1st   Bank customers carried out about 2.8 million transactions on Nigeria Interbank Settlement System Instant Pay platform recorded on Independence Day commemoration, live updates provided by the NIBSS have shown. As Nigerians visited entertainment spots in the country to celebrate...

FIRS Places VAT On Online Transactions From January 2020   Chairman of the Federal Inland Revenue Service, Babatunde Fowler, on Monday said that Nigerian banks would start charging Value Added Tax on local and foreign online transactions from January 2020. Fowler spoke at a technical workshop organised...