Mobile Money

Is Nigeria’s Mobile Money Data An Unsolved Puzzle Fintechs Toy With?


July 3, 2020

Here’s a simple question: How many mobile money agents are in Nigeria at present? Well, the answer is not so simple and it depends on who you ask. 

For starters, if you ask two of the institutions that are at the helm -- Central Bank of Nigeria (CBN) and Nigeria Inter-Bank Settlement System (NIBSS) Plc -- the total number of agents enrolled as at December 2019 is 266,039, up from 38,416 a year prior.

It seems pretty specific, doesn’t it? That’s because it is, though the data migh...

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