Active Bank Accounts Rise By 49%

As of December 2024, the number of active bank accounts in Nigeria has reached 311.65 million, marking a significant increase from 202.6 million at the end of 2023.

This represents a growth of approximately 48.89 per cent over the year, with around 102.34 million new accounts activated during this period.

In addition to the rise in active accounts, there has also been an increase in dormant accounts, which reached about 19.7 million, and closed accounts, which totaled 25.49 million by December 2024.

The data reflects ongoing efforts towards enhancing financial inclusion within the country, driven by initiatives from the Central Bank of Nigeria and the Nigeria Inter-Bank Settlement System (NIBSS).