Overthepast3years,theVolumeof
ChequeTransactionshavefallenby23%
23%
TheValueofChequeTransactionshave
alsofallenby6%ascomparedto2015
and20%ascomparedto2014.
Valueofchequetransactionsin2016
stoodat
CHEQUEVOLUME
2015Vs2016
24M
22M
19.71M19.41M
TransactionVolume(InMillions)
20M
Overthelasttwoyears,thevolumeof
chequetransactionshavedeclinedby
13%,2%,3%repectivelyacrossNigeria,
KenyaandEgypt.OnlyGhanarecorded
anincreaseof2%
18M
16M
14M
13.59M
13.16M
13.47M
11.72M
12M
10M
8M
7.15M 7.31M
6M
Nigeria
Kenya
Ghana
2015
45%
40%
Egypt
2016
In2016,40%(1.1M)ofindividualcheques
wereissuedbypeopleagedbetween55-64
years.
40%
35%
30%
27%
24%
25%
20%
15%
10%
5%
5%
3%
1%
0%
15-24
25-34
35-44
45-54
55-64
65+
Age
In2016,theratioofindividualto
corporatechequeswas1:3
23.5%
76.5%
TotalCorporatechequesin2016stood
at8.96Mtransactionsvaluedat
N3.65Trillion
Individual
2.76
Corporate
8.96