The Nigeria Inter-Bank Settlement System (NIBSS) has reported a significant surge in instant payment transactions, with the total value reaching N1.07 quadrillion in 2024—an increase of 78% from N600.36 trillion recorded in 2023. According to NIBSS data, December 2024 saw the highest transaction value at N115 trillion, a sharp rise from N71.9 trillion in December 2023. Instant payment …
