POS Transactions Hit N18.78trn as Fibre Cuts Threaten Cashless Gains

Nigeria’s electronic payments economy recorded a major expansion in the first quarter of 2026, with Point of Sale transactions rising to N18.78 trillion, even as repeated damage to telecom infrastructure threatens the reliability of the networks supporting the country’s growing cashless economy. Data from the Nigeria Inter-Bank Settlement System (NIBSS) showed that POS transaction value […]