Nigeria’s electronic transactions hit record N1.08qd in 2024, up 79%

The value of electronic transactions in Nigeria rose by 79 per cent in 2024 compared to the previous year, reaching a record high of N1.08 quadrillion. This is according to the latest data from the Nigeria Inter-Bank Settlement System on NIBSS Instant Payments. NIBSS Instant Payments is an account-number-based, online, real-time inter-bank payment solution developed

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