Business Africa

Nigeria’s mobile‑money boom hits N372 trillion

The Central Bank of Nigeria reported that mobile‑money volume jumped to N372 trillion in 2025, an 81 % increase driven by a surge in agent networks and greater consumer confidence in digital payments.

The growth is reshaping the country’s financial landscape, reducing cash reliance and boosting financial inclusion across urban and rural areas.

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Nigeria Wang-gp, CC BY-SA 4.0
Nigeria
Sovereign state in West Africa
Mobile payment
Payment processing service performed via a mobile device, including NFC payments, mobile banking transfers, and app-based transactions; also known as mobile money or mobile wallet; distinct from traditional cash, cheque, or credit card payments
July 2026
Month of 2026