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LequteMan
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Following the Central Bank of Nigeria's introduction of the cashless policy, Nigeria is getting familiarized with the policy years after as the Nigeria Interbank Settlement System (NIBSS) said electronic payment through Point of Sale (PoS) terminals rose by 191 percent to N241 billion in 2014. Vanguard reports:
The company also reported 249 percent increase in its profit before tax, which rose to N2.82 billion for the year ended December 31st 2013.
Chairman of NIBSS and Deputy Governor, Operations, Central Bank of Nigeria (CBN), Alhaji Suleiman Barau disclosed this at the 2014 annual general meeting of the company held in Lagos on Friday.
“NIBSS has witnessed tremendous growth in electronic payment trends on its platforms as consumers spending habits increasingly shift towards the use of alternative e-payment channels aside the Automated Teller Machines (ATM).
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#Nigeria #PBT
The company also reported 249 percent increase in its profit before tax, which rose to N2.82 billion for the year ended December 31st 2013.
Chairman of NIBSS and Deputy Governor, Operations, Central Bank of Nigeria (CBN), Alhaji Suleiman Barau disclosed this at the 2014 annual general meeting of the company held in Lagos on Friday.
“NIBSS has witnessed tremendous growth in electronic payment trends on its platforms as consumers spending habits increasingly shift towards the use of alternative e-payment channels aside the Automated Teller Machines (ATM).
click here to read more
#Nigeria #PBT
