Data from the Nigeria Inter-Bank Settlement System reveals that Nigeria recorded its highest volume yet for online transactions. We take a dive into how, where, and why this is happening.…
E-payment channels hit $290 billion in 2019 as Nigeria’s cashless population significantly increases
According to the latest data from NIBSS, a massive increase in the use of various e-payment channels occurred in 2019, much higher than previous records. Based on current policies, the numbers may be …
CBN wants you to go cashless but still spends billions annually printing cash
In 2018, ₦64 billion was spent by CBN printing cash despite series of initiatives towards a cashless society and the increasing adoption of e-payment channels…
2018: Nigerian banking system did ₦80.4 trillion in inter-bank transfers
Figures from NIBSS shows that interbank transfers had the highest transaction value in the Nigerian banking system in 2018.…
