Nigeria's Ramadan, Eid Al-Fitr Spending Up 20 Percent

Nigeria's Ramadan, Eid Al-Fitr Spending Up 20 Percent

Visa has released its latest consumer spending insights for the Ramadan and Eid Al-Fitr period in Nigeria, based on the Visa Consulting & Analytics Retail Spend Monitor.

Visa Insights Reveal Seasonal Spending Up 20% in Nigeria

Visa, one of the global leaders in digital payments, today released its latest consumer spending insights for the Ramadan and Eid Al-Fitr period in Nigeria, based on the Visa Consulting & Analytics Retail Spend Monitor. During this period, spending on Visa premium consumer cards increased 20% year-over-year, with spend share up +10% percentage points. This reflected higher spending on travel, everyday retail, and food-related categories. Key sea…