The Central Bank of Nigeria has announced major changes to the country’s cash-management rules, removing all limits on how much cash customers can deposit in banks while maintaining strict weekly …
In Nigeria today, a growing number of people are quietly losing their hard-earned money to the frustrating phenomenon of failed electronic transactions. While the country’s push for a cashless economy …
Point of Sale (POS) terminals processed a total of N223.27 trillion worth of transactions across Nigeria in 2024. This figure is more than double the N110.35 trillion recorded in 2023, …
More than 70 million contactless debit cards given to Nigerians by banks are still not being used, mainly because many Nigerians do not trust the technology. Even though the cards …