 Now, the latest data from the Niger Interbank settlement system shows that the total volume of electronic transactions recorded under NIV's instant payment NIP platform increased by 52% year-on-year to 48.3 trillionaires in March 2023. On a month-to-month basis, the value of transactions processed through the NIP platform rose by 31% M on M. This represents the fastest monthly growth recorded on the platform. The NIP platform has gained significant adoption as one of the most popular payment methods. Thanks to the continuous growth of mobile telephony and internet penetration throughout the country, the month-on-month surge in the value of electronic payments may be partly attributed to the reduction in the number of field transactions on all e-payment platforms witnessed in previous months. On an accumulative year-to-date basis, the total value of electronic transactions recorded under NIV's first quarter of this year amounted to 124 trillionaires, representing a 45% year-on-year growth. We will focus on e-payment transactions on the show today. Welcome to Business Insight and Plus TV Africa. I am Justin Acadone. Welcome back. We'll begin with a roundup from a major business headline to begin with a capital market. Investors on the floor of the Nigerian exchange looked to take profits as a local boss, close negative on Thursday's trade-in session to break a four-day bullish sentiment. The all-share index ASI traded 0.90% lower to close at 52,109.43 index point as against 52,580.86 recorded in the previous day's trade-in session. The market capitalization of equities depreciated by a 256 billionaire to close at 28.374 trillionaire, a 0.90% loss compared to the 28.63 trillionaire recorded in the previous trade-in session. Market breadth closed negative as Academy minus 10% led by losers ABC Trance led the Gainers chart, while AXIS Holders PLC was the most traded equity at the end of Thursday's session. And not to energy martyrs, oil prices slid about 1% on Thursday after solid U.S. economic data spurred the dollar to reach a tumult high on growing expectations that the U.S. Federal Reserve could raise interest rate again in June. While futures fell $1.10 or 1.4% to settle at $75.86 a barrel, U.S. West Texas Intermediate crude fell $0.97 or 1.3% to settle at $71.86, a stronger dollar can weigh on oil demand by making the field more expensive for holders of other currencies. U.S. inflation does not seem to be cool in fast enough to allow the Federal Reserve to pause its interest rate hike campaign, according to two Fed policy makers. Now to ship in, the Nigerian Shippers Council says it saved a whopping $2.7 billion between 2020 to 2022. The Council and its newsletter called Complaints Newsletter, a periodic publication of the agency said fund could have been lost to shipping companies and terminal operators through demureges among others. The NSE in the publication said during the period under review it recorded a total of 1,727 complaints. Given the breakdown of the figures, the NSE said that 2021 had the highest figure of complaints by Shippers, with 666 cases handled and 2.5 billion narrow recovered on behalf of the trading public in the year. And to manufacturing now, the Manufacturers Association of Nigeria, MAN, has warned that the country's manufacturing sector is in acute recession other than the 2023 fiscal policy measures FNP recently released by the Federal Reserve and may lead to the total collapse of the sector, especially the non-alcoholic beverages sub-sector. In a statement made available by the man, President Francis Michoye, it said the exponential increase in excise duty in the 2023 FPM is coming at a time when the manufacturing sector was already immersed in unprecedented crisis. For instance, the Niger manufacturing sector recorded a 36 percent downturn in profit margins from 2021 to 2022 and over 400 percent increase in energy costs for the constraining growth of the sector. Michoye further stated that the manufacturing sector has been struggling with crashing sales, mainly attributable to the sustained nirascacity. And that's it on business, round up, we'll take a break and I'll be introducing my guest in a moment to join us again.