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Home Exclusives Research Analysis

Official Data: The Growth Of Mobile Money Transactions In Nigeria

Research Team by Research Team
December 8, 2016
in Research Analysis
Official Data: The Growth Of Mobile Money Transactions In Nigeria

Financial Data

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Mobile Money Transactions in Nigeria has witnessed tremendous growth over the last half a decade. From just under 50,000 transactions a month it has grown to about 3 million transactions a month. At some point in March 2016, mobile money hit an all-time high 5.1 million transactions with a transaction value of about N49.4 billion. However, mobile money transactions was highest in July at N77.7 billion.

This data was obtained from the website of the Central Bank of Nigeria.

Volume of Mobile Money Transactions

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[wpdatachart id=54]

Value of Mobile Money Transactions

[wpdatachart id=55]

Tags: ChartsE-businessE-commerceE-paymentMobile MoneyMonetary Stats
Research Team

Research Team

The Research Team at Nairametrics meticulously monitors, gathers, curates, and administers an extensive repository of both macroeconomic and microeconomic data originating from Nigeria and across Africa. Utilizing a variety of presentation formats—including documents, tables, and charts—our analysts disseminate key findings through the Nairametrics platform. Additionally, we regularly release insightful, research-driven articles that offer in-depth analyses of economic trends and indicators.

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