Nigeria Fintech Neobanking Market Size | 2019-2032

Nigeria Fintech Neobanking Market Size and Forecast by Services, End Users, Industry, Transaction Types, and Revenue Model: 2019-2032

Report Format:     | Pages: 110+
Type: Niche Industry Monitor | ID: FIN44512  | Publication: Nov 2024  |  US$925  |  

Nigeria Fintech Neobanking Market Growth and Performance


  • By 2032, revenue in the Nigeria fintech neobanking market is expected to reach US$ 3.44 Billion, with a forecasted Compound Annual Growth Rate (CAGR) of 10.1% from 2024 to 2032.
  • By services, the preeminent segment is expected to be deposit accounts, with a market valuation of US$ 1.94 Billion in 2032.
  • Among various end users in Nigeria, IT and Telecom sector was valued at US$ 331.9 Million in 2023.
  • Further, it's projected that 20.8% of the total revenue in the Nigeria fintech neobanking market will be attributed to IT and Telecom end user by 2032.

Nigeria Fintech Neobanking Market Scope

Analysis Period

2019-2032

Actual Data

2019-2023

Base Year

2023

Estimated Year

2024

CAGR Period

2024-2032

 

Research Scope

Services

Deposit Accounts

Investment and Wealth Management

Insurance Services

End Users

Individual Consumers

SMEs

Medium-sized Enterprises

Large Enterprises

Industry

IT and Telecom

Media and Entertainment

Energy and Power

Transportation and Logistics

Healthcare

BFSI

Retail

Manufacturing

Public Sector

Other

Transaction Types

Business-to-Consumer (B2C)

Business-to-Business (B2B)

Consumer-to-Consumer (C2C)

Consumer-to-Business (C2B)

Revenue Model

Freemium Model

Interest Income

 

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