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Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.
Nigeria’s banking industry generated N224.69 billion from electronic banking services and ATM/card-related charges in the first quarter of 2026, reflecting the growing reliance on digital financial services across the country.
An analysis of the unaudited financial results of 11 listed banks showed that earnings from these services rose by 12.56 per cent compared to the N199.61 billion recorded during the same period in 2025.
Access, UBA lead as Nigerian banks pocket N224.7bn from ATM, e-banking charges in 3 monthsSource: UGC
The increase highlights the expanding use of digital banking platforms, mobile applications, online transactions, and card-based payment services, which continue to contribute significantly to banks’ non-interest revenue streams. Overall, income from electronic banking channels and card services increased by N25.06 billion year-on-year.
Digital channels drive revenue growth
A closer look at the figures revealed that revenue from electronic
