In December 2021, the value of National Electronic Funds Transfer (NEFT) payments in Nigeria amounted to about *** Nigerian naira (NGN) (roughly ** U.S. dollars). Between January and December 2021, the value of NEFT payments fluctuated, starting from roughly ** NGN to the value in January.
NEFT payments are similar to check payments. However, with NEFT, the payer hands the payment order directly to the bank, regardless of the beneficiary’s bank.
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NBS (Nigeria). (October 1, 2022). Value of National Electronic Funds Transfer (NEFT) payments in Nigeria from January 2020 to December 2021 (in billion Nigerian naira) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 31, 2026, from /statistics/1175251/monthly-value-of-neft-payments-in-nigeria/
NBS (Nigeria). "Value of National Electronic Funds Transfer (NEFT) payments in Nigeria from January 2020 to December 2021 (in billion Nigerian naira)." Chart. October 1, 2022. ÌÇÐÄÆƽâ°æ. Accessed July 31, 2026. /statistics/1175251/monthly-value-of-neft-payments-in-nigeria/
NBS (Nigeria). (2022). Value of National Electronic Funds Transfer (NEFT) payments in Nigeria from January 2020 to December 2021 (in billion Nigerian naira). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 31, 2026. /statistics/1175251/monthly-value-of-neft-payments-in-nigeria/
NBS (Nigeria). "Value of National Electronic Funds Transfer (Neft) Payments in Nigeria from January 2020 to December 2021 (in Billion Nigerian Naira)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 1 Oct 2022, /statistics/1175251/monthly-value-of-neft-payments-in-nigeria/
NBS (Nigeria), Value of National Electronic Funds Transfer (NEFT) payments in Nigeria from January 2020 to December 2021 (in billion Nigerian naira) ÌÇÐÄÆƽâ°æ, /statistics/1175251/monthly-value-of-neft-payments-in-nigeria/ (last visited July 31, 2026)
Value of National Electronic Funds Transfer (NEFT) payments in Nigeria from January 2020 to December 2021 (in billion Nigerian naira) [Graph], NBS (Nigeria), October 1, 2022. [Online]. Available: /statistics/1175251/monthly-value-of-neft-payments-in-nigeria/
