NIBSS: Mobile Transfers in Banks Increased by N2.1 trillion in November.

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According to data from the Nigeria Inter-Bank Settlement System (NIBSS), bank customers in Nigeria transferred a total of N2. 1 trillion via mobile transactions in November 2022.

The November figure increased the total amount of mobile inter-scheme transactions on the NIBSS platform over the previous 11 months to N16.9 trillion.

Additionally, November’s transaction volume set a new monthly record for the platform’s transaction value.

The NIBSS data revealed that, compared to the N6. 8 trillion recorded during the same period last year, the value of mobile transactions increased by 148% in the first 11 months of this year.

Analysts have responded to this by stating that this month’s figures are anticipated to increase even more due to holiday spending.


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