A significant shift in Nigeria’s financial ecosystem has been unveiled, with new data revealing a sharp decline in Automated Teller Machine (ATM) usage while Point of Sale (POS) agents have collectively processed a staggering N223.27 trillion in transactions during 2024. This monumental figure underscores the growing dominance of agent banking[Read More…]
Tag: ATM Usage Plummets as POS Agents Drive N223.27 Trillion in Transactions
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FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]