Despite lockdown, banks earn paltry 4% increase from e-transactions in 2020

While earnings from e-transaction increased by N61billion in 2019, Nigeria’s tier one banks reported N6.8 billion increase in 2020

For the first time in five years, the rate at which banks’ earnings from electronic transaction increase in Nigeria slowed to 4 percent in 2020 from a record 50 percent the previous year. While earnings from e-transaction increased by N61billion in 2019, Nigeria’s tier one banks reported N6.8

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