Cashless Economy Gains Ground As E-Payments Reach ₦295.5 Trillion In Q1 2025

Nigeria’s electronic payments surged by 24.4 percent year-on-year to ₦295.5 trillion in the first quarter (Q1) of 2025 as the country shifts toward a cashless economy. The latest data from the Nigeria Interbank Settlement System (NIBSS) showed an increase from ₦237.11 trillion recorded in the corresponding period of 2024. According to NIBSS, e-payment channels were [...]

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