The National Bureau of Statistics (NBS) says a total volume of 457,226,406 transactions valued at N32.48 trillion were recorded in Q1 2018 as data on Electronic Payment Channels in the Nigeria Banking Sector.

The NBS said this in a report on “Selected Banking Sector Data: Sectorial Breakdown of Credit, e-Payment Channels, Deposits and Domestic Credit Breakdown and Staff Strength’’ made available to Brand Spur Nigeria.

Comparatively, in Q4 2017, a total volume of 461,980,541 transactions valued at N29.44 trillion was recorded as data on Electronic Payment Channels in the Nigeria Banking Sector, according to the National Bureau of Statistics (NBS).

Read also: BANKING SECTOR REPORTS 213.69 MILLION TRANSACTIONS VALUED AT N19.33 TRILLION IN Q3 2017

The Bureau stated that the Automated Teller Machine (ATM) transactions dominated the volume of transactions recorded. 212,370,853 volume of ATM transactions valued at N1,568 bln were recorded in Q1 2018.

In terms of credit to private sector, a total of N15.60 trillion worth of credit was allocated by the banks in Q1 2018. It stated that Oil & Gas and Manufacturing sectors got credit allocation of N3.42trn and N2.07 trillion to record the highest credit allocation within the period under review.

The report also stated that as at Q1, 2018, the total number of banks staffs decreased by -0.93% from 90,453 in Q4 2017 to 89,608. This was quite different from what it was as at Q1, 2017, where the total number of banks staffs increased from 76,812 in Q4 2016 to 77,690 in Q1 2017.

SOURCE: https://brandspurng.com/nigerian-banking-sector-records-transactions-worth-n32-48-trillion-in-q1-2018-nbs-infographics/

Nice info...

ok

Buhari should just go back to daura















Check my signature and avoid paying more

This figure is more than Nigeria budget in a year...

Naija... See my signature for company incorporation

Forex
Bank buy dollar at 305 and sell at 360
CBN has enriched them

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How does it affect the fact that Nigerian have the highest number of poverty now

All i see are numbers...click like if you agree.

Banks - Organised Ponzi Scheme

Parasites.

Yet more than half the country do not have basic food security.

These numbers mean absolutely nothing if therr is not an impact (positive one please abeg) among the general populace.

...irrespective of your political inclinations, religion and personal standards.

Some of una sef.. Transaction figures means both deposits, withdrawals, loans, and every other business transaction done thru banks.. It has nothing to do any other thing but bank transaction figures. It's similar to ur statement of account showing total deposits and withdrawals in a month

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