Nanaquame1/nigeria-fintech-analysis

# nigeria-fintech-analysis # Nigeria Digital Payments Analysis (2020–2023) A data-driven analysis of Nigeria's e-payment ecosystem using official Central Bank of Nigeria (CBN) transaction data across 8 payment channels. ## Key Findings - Total digital transaction volume grew **350%** from 10.9B (2020) to 49.4B (2023) - **POS terminals surged +1,402%** driven by the 2023 naira redesign policy - **Mobile Money Operators (MMO) grew +1,301%** — validating CBN's agent banking framework - **ATM usage fell -47%** as consumers shifted to digital-first channels - The 2023 naira scarcity crisis was the single largest accelerant of cashless adoption ## Visualisations | Chart | Description | |-------|-------------| | | Total volume growth 2020–2023 | | | Channel mix over time | | | Channel growth rates | | | Market share 2020 vs 2023 | | | Transaction value by channel | | | Volume vs value divergence | ## Data Source - **Central Bank of Nigeria** — e-Payment Statistics - Period: January 2020 – December 2023 (full year figures) - Note: 2024 data is H1 only and excluded from year-on-year comparisons ## Tools Used `Python` `pandas` `matplotlib` `seaborn` `Jupyter Notebook` ## Project Structure ## Author Nanaquame1 | Data Analytics Portfolio Project | April 2026