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, …
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Banking, Finance & InvestmentFinance & ServicesFintechNigeriaTechnology
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FG Inaugurates Presidential Committee on Digital Public Infrastructure Implementation
The Federal Government of Nigeria has officially launched the Presidential Committee on the Implementation of Digital Public Infrastructure (DPI) with a clear mandate to drive coordinated, legally compliant, and efficient …
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BusinessBusiness InsightsFinance & ServicesGOVERNMENTNigeriaTechnology
FIRS Sets Up National E-Invoicing Steering Committee to Boost Tax Compliance
The Federal Inland Revenue Service (FIRS) has inaugurated the National E-Invoicing Solution Inter-Agency Steering Committee as part of its efforts to modernise Nigeria’s tax administration and improve compliance across the …
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BusinessBusiness and EconomyCyber securityFinance & ServicesFintechNigeriaTechnologyWestern Africa
Worries Over Fintech-Driven Fraud Cases
The Professional Excellence and Development Institute of Nigeria (PEDIN) has inaugurated a new set of state executives, in a bid to deepen professional ethics, leadership capacity and career development across …
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The value of PoS, Point of Sale transactions in Nigeria has jumped 39 per cent to N8.03tn in 2022, according to data obtained from the Nigeria Interbank Settlement System. The …
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AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessFinance & ServicesNewsNigeriaTechnologyWestern Africa
PoS transactions in Nigeria rise N1.05trn in 7 months
The Nigeria Inter-Bank Settlement Systems (NIBSS) has said that transactions done on the Point of Sales (PoS) terminals across Nigeria rose by N1.05 trillion from N3.56 trillion in the first seven …
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Mobile transactions in Nigeria has risen by 3,454.46 per cent from N136.85bn within the first four months of 2019 to N4.86tn in the corresponding period of 2022, according to data …