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 ...
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%. ...
Naira’s scarcity caused by the Central Bank of Nigeria’s redesign and cash withdrawal policy has pushed Point of Sales transactions to N807.16bn in January 2023. This is a 40.69 per ...
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