In the two months since October, when the Central Bank of Nigeria said it will replace 200-, 500- and 1,000-naira notes with new ones, the value of mobile-money transactions has jumped by a quarter to 2.5 trillion naira , according to the Nigeria Inter-Bank Settlement System Plc. Fintech firms are positioning for a sustained increase in demand.
Mobile-money firms are best placed to benefit from the disruption. Just 40% of Nigerians have access to bank accounts, compared with mobile-phone penetration of 117% in the country, giving them the opportunity to expand rapidly. The trend in Africa’s most-populous nation mirrors the growth in India, which demonetised most of its currency in late 2016 and has seen a surge in digital transactions.
_Business They have had many years to practice good governance but alas they don't. Governments should be held accountable worldwide for shitty governance!
_Business 🤣🤣🤣🤣but you guys have been saying you hate the west for colonizing us this entire time?!🤣🤣🤣 now they should help you... so the government should work and earn nothing themselves and steal trillions and get away with it and ask for help when a is gone.
_Business I tell you what .. why don’t you stop sucking up to tyrants like Putin and then hold out the bowl to the west
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