A woman takes Nigerian Naira from a bank's automated teller machine (ATM) in Ikeja district in the commercial capital Lagos November 12, 2014. Nigeria's naira currency weakened slightly on the interbank market on Tuesday due to strong demand for dollars from foreign investors. REUTERS/Akintunde Akinleye (NIGERIA - Tags: BUSINESS) - RTR4DUX1

The value of ATM transactions in Nigeria has risen from about N18 billion In January in 2010 to about N470 billion in October 2016. This is according to data from the Central Bank of Nigeria, published monthly. ATM transactions now average N400 billion monthly in Nigeria and about NN4.2 trillion annually.

Monthly value of ATM transactions

ATM transactions by volume


Nairametrics Research team tracks, collates, maintains and manages a rich database of macro-economic and micro-economic data from Nigeria and Africa. Our analysts share some of the data collated on Nairametrics, using formats such as docs, tables and charts etc. The team also publishes research based analysis as articles on a regular basis.

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