In December 2021, the value of National Electronic Funds Transfer (NEFT) payments in Nigeria amounted to about five trillion Nigerian naira (NGN) (roughly 11.2 billion U.S. dollars). Between January and December 2021, the value of NEFT payments fluctuated, starting from roughly 4.8 trillion NGN to the value in January.
NEFT payments are similar to check payments. However, with NEFT, the payer hands the payment order directly to the bank, regardless of the beneficiary’s bank.
Value of National Electronic Funds Transfer (NEFT) payments in Nigeria from January 2020 to December 2021
(in billion Nigerian naira)
Characteristic
Value in billion Nigerian naira
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Exclusive Premium Statistic
To access all Premium Statistics, you need a paid Statista Account
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
NBS (Nigeria). (October 1, 2022). Value of National Electronic Funds Transfer (NEFT) payments in Nigeria from January 2020 to December 2021 (in billion Nigerian naira) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1175251/monthly-value-of-neft-payments-in-nigeria/
NBS (Nigeria). "Value of National Electronic Funds Transfer (NEFT) payments in Nigeria from January 2020 to December 2021 (in billion Nigerian naira)." Chart. October 1, 2022. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1175251/monthly-value-of-neft-payments-in-nigeria/
NBS (Nigeria). (2022). Value of National Electronic Funds Transfer (NEFT) payments in Nigeria from January 2020 to December 2021 (in billion Nigerian naira). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1175251/monthly-value-of-neft-payments-in-nigeria/
NBS (Nigeria). "Value of National Electronic Funds Transfer (Neft) Payments in Nigeria from January 2020 to December 2021 (in Billion Nigerian Naira)." Statista, Statista Inc., 1 Oct 2022, https://www.statista.com/statistics/1175251/monthly-value-of-neft-payments-in-nigeria/
NBS (Nigeria), Value of National Electronic Funds Transfer (NEFT) payments in Nigeria from January 2020 to December 2021 (in billion Nigerian naira) Statista, https://www.statista.com/statistics/1175251/monthly-value-of-neft-payments-in-nigeria/ (last visited July 22, 2024)
Value of National Electronic Funds Transfer (NEFT) payments in Nigeria from January 2020 to December 2021 (in billion Nigerian naira) [Graph], NBS (Nigeria), October 1, 2022. [Online]. Available: https://www.statista.com/statistics/1175251/monthly-value-of-neft-payments-in-nigeria/