Nigerian Banks Earn N225bn from E-Banking in Q1 2026

In the first quarter of 2026, Nigerian banks generated N225 billion from ATM and e-banking charges, representing a 12.56% increase from N199.61 billion in the corresponding period of 2025, according to an analysis of unaudited financial statements from 11 lenders. The income from electronic banking channels accounted for a significant share of non-interest revenue during the review period.

Specifically, income from electronic banking and e-business activities rose by 11.57% to N177.97 billion, while ATM card management fees increased by 16.48% to N46.70 billion. Access Bank recorded the highest earnings from e-banking services at N55.71 billion, followed by UBA with N46.93 billion and Ecobank with N35.53 billion.

Despite overall growth, some banks like Wema Bank and Stanbic IBTC experienced declines in electronic banking income. Wema Bank's income from electronic products dropped by 50.68%, while Stanbic IBTC's electronic banking fees declined by 20.57%.