B
Evidence Grade B
Graded
accuracy verified by the review judge
Safe to Cite
Recent
52%
52% -- business payment failure rate for Nigerian businesses (2025)
52% of Nigerian businesses experienced some form of payment breakdown/failure in 2025 according to a report by Miden.
Attribution:
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Lighthouse Research Team
Last verified:
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Source verified
Evidence graded
Value
52%
Unit
Percentage
Data Vintage
2025
Entity
Evidence Quality
B
Strong, reliable evidence
Sourced from a well-regarded research firm or industry leader with transparent methodology and a reasonably large sample.
Single source - not yet corroborated
Score breakdown
Extraction
50
Source Trust
60
Citation Chain
20
Independence
30
Methodology
45
Freshness
95
Source
Miden
Primary
Tier C
https://breet.io/blog/international-payment-fees ↗
Source Article
Why African Businesses Are Losing Money to International Payment Fees in Nigeria and Beyond
- What Are International Payment Fees?
- The 5 Biggest Fee Types Draining Nigerian Businesses
- How Much Are African Businesses Really Losing?
- Why Cross-Border Payment Costs in Africa Stay So High
- How to Reduce What You Lose on International Payments
- The Money Is Leaving Before You Even See It…
Original Research
Miden
· Original study ↗
Methodology
Report by Miden, methodology not stated
Methodology documented
Segmentation
Industrymarketing
Cite this stat
Plain Text
Nigerian businesses: 52% business payment failure rate. Source: Miden (2025). Via Lighthouse Intelligence -- https://lighthousedata.io/data/nigerian-businesses-payment-failures-2025
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<blockquote cite="https://lighthousedata.io/data/nigerian-businesses-payment-failures-2025" style="border-left:3px solid #2563eb;padding:12px 16px;margin:16px 0;font-family:system-ui,sans-serif;background:#f0f4ff;"><strong>52%</strong> -- business payment failure rate for Nigerian businesses<br><small>Source: Miden (2025) · <a href="https://lighthousedata.io/data/nigerian-businesses-payment-failures-2025" target="_blank" rel="noopener">Lighthouse Intelligence</a></small></blockquote>
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