Nigerian banks earn N224.7 billion from digital services in Q1 2026

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Nigerian banks generated N224.69 billion from electronic banking and ATM or card charges in the first three months of 2026. This is a 12.56 percent jump from the N199.61 billion recorded in the same period last year.

The figures come from an analysis of unaudited financial results from 11 listed banks. The rise shows Nigerians are relying more on digital banking, mobile apps, online transfers, and card payments.

Income from electronic banking and e-business activities alone rose by 11.57 percent to N177.97 billion. That is up from N159.52 billion in Q1 2025.

ATM and card management fees also grew strongly. They increased by 16.48 percent to N46.70 billion from N40.09 billion a year earlier.

Overall, the banks added N25.06 billion more to their non-interest revenue from these digital channels compared to last year. The growth came alongside a broader increase in banking sector fees and commissions.

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