About Nigeria

Nigeria Analytics

Nigeria is the technology, fashion, film and creative hub of Africa


Population of 211 million citizens which is expected to grow to 400 million by 2050

Median age of 18 years which is one of the youngest in the world


GDP of USD 480 billion in 2021 expected to grow to USD 922 billion in 2026


GDP per capita of USD 2,227 in 2021 is expected to grow to USD 3,085 in 2026


Nigerians are tech savvy and are increasingly used to purchasing products over the internet and consume digital content. Preferably, consumers like to use their smart phone to purchase goods and services online.

104 Million internet users (+22.1% YoY)

65 Million have purchased goods online

5 USD Billion online sales in 2020 (+42 YoY)

99.2% Million USD of internet users aged 16 to 64 have smart phone

1.2 Billion USD consumers have spend in 2020 for online games

Nigerian E-commerce consumers pay with a variety of payment methods

Merchants processing payments via a cross-border PSP can only offer International branded Credit Cards to their customers where the conversion rates will typically be lower than compared to processing locally in the country.

Cross Switch enables any cross-border merchant to offer all locally available payment methods to its customers.

International branded Credit and Debit Cards

Local branded Credit and Debit Cards

Mobile Money

Digital Wallets

Bank Transfers

Debit Card

Credit Card

Cash Payment

Bank Transfer

Digital Wallets

Money Mobile