276,852 Pos Transactions Failed On Christmas Eve —NIBSS


About 25 per cent of Point of Sale transactions conducted by customers on Christmas Eve were not successful according to records from the Nigeria Inter- Bank Settlement System Plc .
As of 8. 13 pm on Monday, the NIBSS revealed that a total volume of 1 ,107 ,229 transactions were conducted with an average processing time of 15 minutes , 49 seconds .
It disclosed that the failed volume was 276, 852, which was 25 per cent of the total volume.
The NIBSS is a financial sector that provides the mechanism for same day clearing and settlement of inter -bank transfers and payments
It was set up by the Bankers Committee as a shared – service infrastructure for facilitating payments finalities , streamlining inter – bank payments and settlement mechanisms , to drive and promote electronic payments across the Nigerian financial industry .



Previous articleKillings: Three Reasons Northern Leaders Are Silent – Shehu Sani Reveals
Next articleMy Wife Almost Found Christmas Gift Thailand Girlfriend Sent To Me – UK Man
Statereporters is a media power house focusing on the daily happenings around the world, in politics, business, sports entertainment and more. We are not for any section or region. Our reports are based on honesty and integrity not minding the body or persons involved in as much as Nigeria is concerned. For humanity, we shall stand in defense of what is right and appropriate at all cost. Should you have any article feel free and welcomed to send it to us for publication via Editor@statereporters.com.