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)
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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 December 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 December 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: December 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 December 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/
