Explosive Growth in e-Payment Transactions in Nigeria
In the first three months of 2024, Nigeria witnessed a staggering surge in e-Payment transactions, as reported by the Nigeria Inter-Bank Settlement System (NIBSS). The total transaction volume skyrocketed to an impressive N234 trillion, marking an astounding 89.3% increase from the N123.8 trillion recorded during the same period in 2023. This meteoric rise underscores the…