Average ATM Withdrawal Rose 54% in a Year: Are Nigerians Returning to Cash?

Central Bank data shows the value of ATM withdrawals rose from ₦15.97 trillion in Q1 2025 to ₦26.30 trillion in Q1 2026, an increase of 64.7%. The number of withdrawals grew by just 6.6%, pushing the average withdrawal from about ₦38,817 to ₦59,965.

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