Tag: ATM Usage

POS Transactions Hit ₦223 Trillion as ATM Usage Declines in Nigeria

by Adams Oma

June 23, 2025

In 2024, Nigeria's financial habits marked a dramatic shift. Point-of-Sale (POS) terminals processed ₦223.27 trillion in transactions, doubling the ₦110.35 trillion recorded in 2023. Monthly data shows January’s POS volume ...

Central Bank of Nigeria Confirms December Exit of 1,000 Staff, Denies Coercion

POS Transactions in 2024 Outpace ATM Usage by 603% – CBN

by Adams Oma

January 26, 2025

The Central Bank of Nigeria (CBN) has reported a significant shift in the country's payment landscape, with Point-of-Sale (PoS) transactions in 2024 surpassing Automated Teller Machine (ATM) usage by 603%. ...