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Point of Sale (POS) terminals in Nigeria processed a staggering N223.27 trillion worth of transactions in 2024, more than doubling the N110.35 trillion recorded in 2023. This significant surge reflects a growing preference among Nigerians for POS platforms over traditional Automated Teller Machine (ATM) withdrawals. Key Highlights – *POS Transaction Value*: N223.27 trillion in […]
With Christmas just five days away, the Nigeria Labour Congress (NLC) is sounding the alarm over the persistent cash scarcity gripping the nation. In a fiery statement by President Joe Ajaero, the NLC warns of “serious implications” for citizens and demands immediate action from the government and the Central Bank of Nigeria (CBN). Bank customers […]
Point of Sale (PoS) operators are feeling the pinch of a nationwide cash shortage, forced to buy cash at inflated rates from traders due to limited withdrawals from banks. This scramble for cash is shrinking their businesses, raising concerns about the broader impact on the Nigerian economy. Banks across the country have been grappling with […]
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