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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.
Central Bank of Nigeria
Central bank
Central bank
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
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
Month of 2026