Nigerians Spent Over ₦900bn on Nightlife in 2025

Nigeria’s after-hours economy expanded significantly in 2025, with total spending on nightlife surpassing ₦900 billion, according to transaction data released by Moniepoint.

The fintech company disclosed that more than 27,000 clubs, bars, and lounges processed payments through its platform during the year, with transactions averaging three per second across its network — a signal of the sector’s growing scale and digital integration.

Lagos maintained its position as the country’s nightlife capital, accounting for 4,856 registered venues on the Moniepoint network — the highest in Nigeria.

The Federal Capital Territory followed with 2,515 venues, while Rivers recorded 2,362. Delta and Edo trailed with 1,930 and 1,574 venues respectively.

These figures reflect the concentration of nightlife businesses in major commercial and administrative centers, where rising urban populations and a vibrant youth demographic continue to fuel demand for social and entertainment experiences.

Beyond headline revenue, the ₦900 billion spend represents a broad value chain of employment and enterprise.

From bartenders and DJs to security personnel, food vendors, event planners, and logistics operators, nightlife venues function as microeconomic hubs that sustain thousands of livelihoods.

Commenting on the figures, Chukwudi Iwuchukwu noted that the data underscores how “small spaces where Nigerians gather after work” have evolved into significant contributors to local economies. The commentary was shared via the Maria Ude Nwachi platform.

Industry insiders highlight the 2024 “Detty December” festive season as a major driver of annual earnings. During the peak period, some premium clubs reportedly generated up to ₦360 million in daily revenue, with exclusive tables selling for as much as ₦1.2 million per night.

The seasonal influx of diaspora visitors, celebrity events, and music performances typically delivers a strong revenue boost, often accounting for a substantial share of yearly turnover for high-end operators.

The scale of transactions processed through Moniepoint also signals the rapid adoption of digital payments within Nigeria’s hospitality and entertainment sectors — historically dominated by cash.

At an average of three transactions per second across tens of thousands of venues, analysts say fintech platforms are playing an increasingly critical role in formalizing nightlife operations and improving revenue transparency.

As consumer spending patterns evolve and urban nightlife continues to expand, stakeholders expect the sector to remain a resilient and dynamic component of Nigeria’s broader retail and hospitality economy.