Official Data: The Growth Of Mobile Money Transactions In Nigeria


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

Value of Mobile Money Transactions

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