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NGX Retail Transactions Rise By 10.7%
Data from the Nigerian Exchange has shown that retail transactions in Nigerian Exchange increased by 10.69 per cent. This is an increase to N26.62 billion in the month of November according to the data from the country’s local bourse. The data showed that retail transactions added N26.62bn in the month from N24.05bn in October 2022.…
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Interbank Lending Drops 2.55%
Central Bank of Nigeria has said that the Interbank (bank-to-bank) lending transactions in the money market declined to N25.4 trillion in the first half of the year, H1’22. This is about 2.5 per cent Year-on-Year, YoY, from N26.1 trillion in the corresponding period of 2021, H’21. CBN disclosed this in its Financial Market Half Year…
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E-payment Transactions Rise By 49%
The electronic payment data on Nigeria Interbank Settlement System (NIBSS) platform has shown that the value of transactions performed through electronic payment (e-payment) channels rose year-on-year, (YoY) by 48 percent to N28.1 trillion in November 2021 from N18.84 trillion in the corresponding period of 2020. Similarly, the volume of e-payment transactions grew YoY by 41.5…
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E-payment Transactions Hit N162.95 Trillion In 2020
The value of transactions via digital payment platforms rose to N162.95 trillion from January to December in 2020 when compared to an aggregate of N108.42 trillion in the corresponding period in 2019. The two platforms; Nigeria Interbank Settlement System Instant Payment System and Point of Sales terminals, recorded a 50.3 per cent growth in value…