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The Central Bank of Nigeria is wholly owned by the Federal Government of Nigeria and is a Government Business Entity with at least 10 different subsidiaries.
Image from NairametricsBy Elizabeth Adegbesan For the second consecutive month, the value of Point of Sale (PoS) transactions fell by 0.8 percent, month-on-month (MoM) to N503.96 billion in May from N507.9 billion in April. However, the volume of PoS transactions increased by two percent, MoM, to 79 million from 77.6 million in April. Nigeria Interbank Settlement System (NIBSS) disclosed this in its electronic payment report for May. READ ALSOASUU directs UniJos lecturers to boycott postgraduate activities The NIBSS report revealed a marginal increase in the value of e-payment transactions to N22.24 trillion in May from N22.23 trillion in April. This represents 0.05 percent MoM increase.