Cash Crunch: E-bills Payment Falls by 44% Amidst Cashless Policy – NIBSS The Nigeria Inter-Bank Settlement System recent report has indicated a fall in the value of electronic utility payments by 44.86 per cent in February despite the Central Bank of Nigeria’s naira redesign policy...

PoS Operators Give CBN Ultimatum Over Cash Withdrawal Limits Policy   The Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) has expressed optimism that the Central Bank of Nigeria will reverse its cash withdrawal limits policy before the new year. The AMMBAN National President, Victor...

Nigerians’ Expenditure on Utility Bills Hits N1.69tn Latest data from the Nigeria Inter-Bank Settlement System shows that Nigerians spent N1.69tn electronically on utility bills such as power, Pay TV subscriptions, and other everyday utilities in the first seven months of 2022. This is a 32.06 per...