Geographical Outreach, Mobile Banking: Registered Number of Agent Outlets for Nigeria
NGAFCMORNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,474,173.00
Year-over-Year Change
5149.34%
Date Range
1/1/2012 - 1/1/2022
Summary
This economic trend measures the registered number of agent outlets for mobile banking in Nigeria. It provides insights into the geographical outreach and accessibility of financial services in the country.
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 Geographical Outreach, Mobile Banking: Registered Number of Agent Outlets for Nigeria trend tracks the number of registered agent outlets that facilitate mobile banking services across different regions of Nigeria. This metric is used to assess the growth and penetration of financial inclusion initiatives and digital banking infrastructure.
Methodology
The data is collected and reported by the Central Bank of Nigeria.
Historical Context
This trend is relevant for policymakers, financial institutions, and economists analyzing the expansion of financial access and digital banking adoption in Nigeria.
Key Facts
- Nigeria had over 1 million registered mobile banking agent outlets as of 2021.
- The number of agent outlets has grown rapidly in recent years, supporting financial inclusion initiatives.
- Mobile banking plays a crucial role in expanding access to financial services in underserved regions of Nigeria.
FAQs
Q: What does this economic trend measure?
A: This trend measures the registered number of agent outlets that facilitate mobile banking services across different regions of Nigeria.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the growth and geographical outreach of financial inclusion initiatives and digital banking infrastructure in Nigeria.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Nigeria.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers, financial institutions, and economists analyzing the expansion of financial access and digital banking adoption in Nigeria.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Nigeria, but there may be some delays in reporting.
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Citation
U.S. Federal Reserve, Geographical Outreach, Mobile Banking: Registered Number of Agent Outlets for Nigeria (NGAFCMORNUM), retrieved from FRED.