The Nigerian Inter-Bank Settlement Scheme (NIBSS) data for the past eleven months reveals that the amount of Point of Sale (PoS) transactions climbed by 20.5 percent to 1.06 trillion from 883 million in the same time of 2021.
However, its worth increased by 32% from N5.73 trillion in the same period of 2021 to N7.56 trillion as of November 2022.
The new N20,000 daily cash withdrawal cap through…