Nigerian Banks Record N570.17tn in Electronic Transactions

In 2025, four Nigerian banks—Zenith Bank PLC, United Bank for Africa (UBA), and GTCO—reported a total of N570.17 trillion in electronic transactions, reflecting a nearly 20% increase from N477.05 trillion in 2024. Zenith Bank generated N225.28 trillion, a 32.4% increase from N170.19 trillion in 2024.

UBA followed with N169.6 trillion, up 12% from N151.6 trillion in the previous year. GTCO recorded N90.9 trillion, representing a nearly 10% increase from N82.68 trillion in 2024.

Zenith Bank's mobile banking transactions reached N104.14 trillion, an 81.6% growth compared to N57.4 trillion in 2024, while internet banking transactions rose to N70.52 trillion. UBA's mobile and internet banking transactions also saw significant increases, contributing to its overall electronic transaction growth.

The banks attributed their success to strategic investments in digital infrastructure and innovative services.