Due to the lock-down, the number of PoS transactions fell by more than 20% to 40.85 million in April, from 52.2 million at the end of March. According to a study published by the Nigeria Interbank Settlement System, the trend is reversing, with POS recording about 48.37 million transactions in May. (NIBSS)

Without a doubt, the global financial community is embracing the latest technological transformation from real currency to almost abstract currencies. Cryptocurrencies were born as a result of this surge.

Without a doubt, the global financial community is embracing the latest technological transformation from real currency to almost abstract currencies. Cryptocurrencies were born as a result of this surge.

The accessibility of POS aided individuals in performing cashless transactions and other financial activities. However, Nigeria's enforced lockdown restricted the activities of POS businesses, resulting in a shortage of withdrawal points and other banking services. However, the few available POS operators in Lagos State, imposed an odd service fee as a result of this.

In Nigeria, running a POS business is a legal way to earn money. It's more lucrative in areas where there are no deposits and ATMs aren't enough to meet the community's financial needs. It's also known as agent banking because it's an expansion to financial institutions' facilities that allows for quick service provision to a wide variety of clients

In comparison, Boko Haram, one of the continent's most dangerous terrorist groups, killed 78 civilians during the same time period. Fulani attacks on farmers are primarily practical rather than ideological; competition for suitable grazing land over the autumn and winter months.

The widespread dissemination of the COVID-19 virus has thrown the world's nations, including Nigeria, into a health crisis. The implementation of lockdown measures was deemed the best solution for countering the virus's dissemination.

This study on the impact of Covid-19 on Banking sectors will in doubt be of great significance to the entire banking sectors as the study was carried out the unveil the trauma banks suffered as a result of this unforeseen outbreak of Covid-19.

The idea of this research work is to assess the factors affecting the adoption of pos terminals by business organizations.

This study will be relevant to the general public especially those with entrepreneurship potential. It will give potential entrepreneurs first hand information on the challenges they are likely to face in their quest of establishing a POS business and how to brace up for it.

This study will be of significant to the government as it brings to their knowledge ways on curbing insecurity challenges in the country.

This study and its findings will be of great significance to the banking sector as it explores how the adaptation of POS by the banking sector has served as an employment opportunity for many initially jobless Nigerians.

This study will be crucial to the necessary governing bodies and various banks in Nigeria as the study looks at various strategies in minimizing fraud in Nigerian banks.

This study will be of significance to the general public as it will serve as a public enlightenment program about the cashless system so that everybody will be acquainted with the system.

This study will be significant to not just UBA but other institutional bodies on the impact and effectiveness of e-business on their performance.

The findings of this study will be of great value to the government through various agencies by serving as a foundation for assessing the effectiveness of various tax incentives provided by the government in promoting the performance of manufacturing companies.

The findings of this research work will undoubtedly provide the much needed information to government organizations, ministry of education and academia.

This research will be significant as it looks into financial fraud and how it has affected the financial sector as well as means through which such frauds may be curbed.

This study will be significant as it aims to educate businesses in Nigeria and elsewhere about the determinants of bank deposits, the benefits to both individuals and commercial banks, and finally, how the general public can be encouraged to save a portion of their money with commercial banks in order to enable them to create credit. Furthermore, this research will add to the body of knowledge about bank deposits in Nigeria.

E-banking refers to systems that allow clients, whether people or businesses, to access accounts, conclude agreements, or acquire product and service information over a public or private network, such as the Internet.