NBS Says Banking Sector Recorded N32.90trn Transactions
The National Bureau of Statistics (NBS) has said a total of 509,668,433 transactions valued at N32.90 trillion was recorded in the banking sector during the second quarter of the year.
This was revealed in the Bureau’s report of “Selected Banking Sector Data: Sectorial Breakdown of Credit, ePayment Channels and Staff Strength (Q2 2018)”.
It said Automated Teller Machine (ATM) transactions dominated the volume of transactions recorded.
The report also stated that 217,417,961 volume of ATM transactions valued at N1.603 billion was recorded in the period under reveal.
It said: “In terms of credit to private sector, the total value of credit allocated by the banks stood at N15.34 trillion as at the second quarter.
“Oil and Gas and Manufacturing sectors got credit allocation of N3.45 trillion and N2.02 trillion respectively to record the highest credit allocation as at the period under review.
“As at the second quarter, the total number of banks staff increased by 13.67per cent, from 89,608 in first quarter to 101,861.”