Looking for the updated MoMo agent salary per month in Nigeria in 2025? You're not alone. Many Nigerians are now exploring mobile money business as a side hustle or full-time job. Whether you want to start your own MoMo agency or just want to know how much MoMo agents earn monthly in Nigeria, this detailed guide gives you everything you need to know.
From commission breakdowns, average daily profits, salary expectations, startup cost, and how to boost income, this article explains the real earning potential of MoMo agents in Nigeria in 2025.
Who Is a MoMo Agent?
A MoMo agent is someone who acts as a financial service provider for the general public, especially in places where there are no banks or ATMs. MoMo means Mobile Money, and MoMo agents help people:
Send and receive money
Deposit and withdraw cash
Pay electricity, cable, or water bills
Buy airtime and mobile data
MoMo agents mostly use point-of-sale (POS) terminals, smartphones, or fintech apps like MTN MoMo, Opay, Moniepoint, Palmpay, and others.
MoMo Agent Salary Per Month in Nigeria (2025)
So, how much is MoMo agent salary per month in Nigeria in 2025? The truth is, MoMo agents don’t earn a fixed salary. Instead, they make money from commission per transaction. But when calculated monthly, most agents earn between:
₦100,000 to ₦300,000 per month on average
Busy agents in strategic locations earn ₦350,000 to ₦500,000 monthly
| Level | Monthly Salary Estimate |
|---|---|
| Small Agent (low area) | ₦80,000 – ₦150,000 |
| Mid-level Agent | ₦150,000 – ₦300,000 |
| Busy Location Agent | ₦350,000 – ₦500,000 |
How MoMo Agents Make Money in Nigeria
MoMo agents earn money based on how many transactions they perform daily. Each transaction has a commission, which is the agent’s own profit.
1. Cash Deposit (Cash-in)
When a customer sends money or deposits into an account.
Commission: ₦20 – ₦100 per transaction
Volume drives profit — more customers = more income
2. Cash Withdrawal (Cash-out)
When customers withdraw money using POS.
Commission: ₦30 – ₦200 depending on amount
Cash-out is the highest income source for most agents
3. Airtime and Data Sales
Agents also earn commissions for selling airtime or data.
Commission: ₦4 – ₦10 per recharge
Bonus rewards from some platforms (e.g. MTN MoMo)
4. Bill Payment (PHCN, DStv, etc.)
Many MoMo agents offer utility payment services.
Flat commission: ₦50 per bill
Small but adds up daily if many customers use it
Commission Breakdown for MoMo Agents in 2025
| Transaction Type | Amount Range | Commission |
|---|---|---|
| Cash Withdrawal | ₦1,000 – ₦4,999 | ₦30 – ₦50 |
| ₦5,000 – ₦9,999 | ₦60 – ₦80 | |
| ₦10,000 – ₦20,000 | ₦100 – ₦150 | |
| Deposit (Cash-in) | ₦1,000 – ₦20,000 | ₦20 – ₦75 |
| Bill Payments | Any amount | ₦50 per bill paid |
| Airtime/Data Sales | Any amount | 3% – 5% commission |
These rates can differ slightly depending on the fintech platform used.
MoMo Agent Daily Profit in Nigeria 2025
To understand monthly earnings, it helps to first look at MoMo agent daily profit in Nigeria.
Let’s say a medium-sized agent does:
30 cash-outs per day (₦100 commission each) = ₦3,000
20 deposits per day (₦50 commission each) = ₦1,000
10 airtime sales (₦10 profit each) = ₦100
5 bill payments (₦50 profit each) = ₦250
Total Daily Profit = ₦4,350
Monthly Profit = ₦4,350 × 25 working days = ₦108,750
In busy areas like Lagos, Onitsha, Kano, and Abuja, agents easily make up to ₦15,000 daily.
What Determines MoMo Agent Salary in Nigeria?
Several factors affect how much MoMo agents earn per month in 2025. Here are the key ones:
1. Location
Urban areas and busy market zones have higher customer flow. More people = more transactions = more income.
2. Agent Float
Float means the money you have in your account to perform transfers and cash-out. Agents with ₦100k float can serve more customers than someone with ₦20k.
3. POS Terminal Quality
Fast and reliable terminals reduce failed transactions. Agents with good terminals serve more customers.
4. Service Variety
Agents that offer more services (like PHCN payment, DSTV, etc.) make more money.
5. Customer Trust
Consistent service and honesty bring repeat customers.
Startup Cost to Become a MoMo Agent in Nigeria (2025)
To start as a MoMo agent in 2025, you need the following setup costs:
| Item | Estimated Cost (₦) |
|---|---|
| POS Terminal | ₦25,000 – ₦50,000 |
| Startup Float (capital) | ₦20,000 – ₦100,000 |
| Shop Space / Kiosk | ₦10,000 – ₦30,000/month |
| Business Registration | ₦5,000 – ₦15,000 |
| Banner & Marketing | ₦3,000 – ₦7,000 |
Total Setup Cost: ₦60,000 – ₦200,000
Some platforms offer free POS terminals if you meet certain daily target.
Best MoMo Agent Platforms in Nigeria 2025
If you're wondering which fintechs pay the highest commissions, here are top MoMo platforms to consider:
MTN MoMo Agent
Opay POS Agent
Moniepoint POS Agent
Palmpay Agent
Kuda Agent
Bankly & Baxi POS
Each has its pros and cons. Choose based on support, charges, and commission rate.
MoMo Agent Salary in Dollars (2025)
With the exchange rate at about ₦1,500 to $1, the monthly MoMo agent salary in Nigeria (in dollars) is:
| Naira Amount | Equivalent in USD |
|---|---|
| ₦100,000 | ~$67 |
| ₦200,000 | ~$133 |
| ₦300,000 | ~$200 |
| ₦400,000 | ~$267 |
While not much in dollars, this income is significant for many Nigerian families.
FAQs – MoMo Agent Salary and Business in 2025
Q: How much is MoMo agent salary per month in Nigeria 2025?
A: Between ₦100,000 to ₦300,000 on average, and up to ₦500,000 in high-traffic areas.
Q: Is MoMo agent a profitable business?
A: Yes. With low capital and high transaction volume, agents can make steady profits.
Q: Do MoMo agents receive fixed salaries?
A: No. All earnings are commission-based. No salary from MTN or Opay.
Q: Which MoMo platform pays the highest?
A: Moniepoint, Opay, and MTN MoMo are among the best in commission rates.
Q: Can I operate without a shop?
A: Yes, but a physical location builds trust and brings more customers.
Tips to Earn More as a MoMo Agent in Nigeria
Choose a high-traffic location like markets, motor parks, or schools.
Keep enough float to avoid losing customers during rush hours.
Offer multiple services including bills, cable TV, betting, and airtime.
Be polite and reliable — customer loyalty is your biggest asset.
Update your POS regularly to reduce network issues and delays.
Final Thoughts on MoMo Agent Salary Per Month in Nigeria (2025)
In 2025, MoMo agent salary in Nigeria is one of the most discussed small business topics because of its low barrier to entry and decent earning potential. Whether you're a student, unemployed, or looking for extra income, the mobile money business offers real opportunity.
With agents earning between ₦100,000 to ₦500,000 monthly depending on volume, this business continues to grow as more Nigerians go cashless. If you invest wisely, choose the right platform, and provide great service, you can turn your POS point into a stable source of monthly income.