mBanking transactions in Nigeria hit over $2B, says Central Bank of Nigeria

Nigeria’s apex bank the Central Bank of Nigeria (CBN) has announced mobile financial transactions in Nigeria had exceeded US$2 billion. This was announced by the bank’s Head of Payment System Policy and Oversight Division of Banking and Payments Department, Musa Itopa-Jimoh.

He said a total of 15 million transactions have been made since the inception of the mobile banking scheme in 2012 with 58 million subscribers while the total value of the transactions till date is NGN430 billion (over US$2 billion).

Read more: mBanking transactions in Nigeria hit over US$2bn – CBN | HumanIPO.