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 (NGX: ACCESSCORP) recorded the highest earnings from e-banking services at N55.71 billion, followed by UBA (NGX: UBA) with N46.93 billion and Ecobank with N35.53 billion.

Despite overall growth, some banks like Wema Bank (NGX: WEMABANK) and Stanbic IBTC (NGX: STANBIC) 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%.