Geographical Outreach: Key Indicators, Mobile Banking, Registered Agent Outlets Per 1000 Km2 for Nigeria
NGAFCMORKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,618.60
Year-over-Year Change
5149.34%
Date Range
1/1/2012 - 1/1/2022
Summary
This economic trend measures the geographic density of registered agent outlets for mobile banking services in Nigeria, indicating financial inclusion and accessibility.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The geographic outreach of mobile banking and registered agent outlets per square kilometer is an important indicator of financial inclusion and the accessibility of banking services, especially in developing economies.
Methodology
The data is collected by the Central Bank of Nigeria and other regulatory bodies.
Historical Context
This metric is used by policymakers and analysts to monitor progress toward financial inclusion goals.
Key Facts
- Nigeria has over 200,000 registered mobile banking agents.
- Mobile banking reaches over 60% of the adult population in Nigeria.
- The agent outlet density is over 20 per 1,000 sq km in urban areas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the geographic density of registered agent outlets for mobile banking services in Nigeria, indicating financial inclusion and accessibility.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of financial inclusion and the accessibility of banking services, especially in developing economies like Nigeria.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Nigeria and other regulatory bodies.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and analysts to monitor progress toward financial inclusion goals in Nigeria.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Nigeria, but may have some delays in reporting.
Related Trends
Bank Capital to Total Assets for Nigeria
DDSI03NGA156NWDB
Use of Financial Services Borrowers: Persons Borrowing from Deposit Taking Microfinance Institutions (MFIs) for Nigeria
NGAFCRODMFPENUM
Nominal Gross National Saving for Nigeria
NGANGSGDPPT
Stock Market Total Value Traded to GDP for Nigeria
DDDM02NGA156NWDB
Value of Exports to Nigeria from Utah
UTNGAA052SCEN
Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Nigeria
NGAFCLODCXDC
Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators, Mobile Banking, Registered Agent Outlets Per 1000 Km2 for Nigeria (NGAFCMORKNUM), retrieved from FRED.