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Transaction value of mobile money operations in Nigeria 2016-2019

In 2019, the value of mobile money transactions in Nigeria exceeded five trillion Naira (roughly 13 billion U.S. dollars). Compared to the previous years, the number of operations increased. Mobile money allows you to receive, store, and spend money using a mobile phone. To make a deposit or get cash, mobile money systems use agents, people in key locations throughout the country, including remote rural areas, where to pick up or deposit money. Nigeria had around 15 million mobile money customers in 2019. The number of users of this service experienced an increase in the last years.

Transaction value of mobile money operations in Nigeria from 2016 to 2019

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Release date




Survey time period

2016 to 2019

Supplementary notes

Figures were taken from several publications.

Data as of December of each year.

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Statistics on "Payment methods in Nigeria"

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