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The Digest:

The value of cash withdrawals from Automated Teller Machines (ATMs) in Nigeria rose sharply to N36.34 trillion in the first half of 2025, representing a 196% increase from the same period in 2024. According to data from the Central Bank of Nigeria (CBN), transaction volume also grew by nearly 73%, reaching 858.8 million. TheCable's analysis shows this surge occurred despite the introduction of higher transaction fees in February 2025. Point-of-Sale (PoS) transaction values were even higher at N147.2 trillion for the period, though they also faced increased charges.

Key Points:
  • The dramatic increase indicates a persistent high demand for physical cash, affecting banking operational costs and potentially consumer spending habits.
  • It suggests significant underlying economic activity and liquidity, even as digital transaction values on PoS terminals grew to a larger total.
  • Banks handle higher cash logistics volumes, while consumers may be adapting to fee increases by consolidating larger withdrawals.
  • The data reveals a complex payments landscape where both digital (PoS) and traditional cash-based (ATM) channels are experiencing substantial growth.
  • This trend emerges in a period of ongoing economic adjustments, reflecting how Nigerians are navigating various transaction channels and costs.

The sustained growth in both ATM and PoS transactions highlights the evolving yet cash-reliant nature of Nigeria's payment ecosystem.

Sources: The Cable, Central Bank of Nigeria (CBN) Statistical Bulletin

















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Meta Title:
ATM Withdrawals Jump 196% to N36.34 Trillion in First Half of 2025 | NB Digest

Meta Description:
CBN data shows ATM cash withdrawals surged to N36.34 trillion between January and June 2025, a 196% increase year-on-year, despite higher transaction fees. PoS transactions also grew sharply.