Home Business Money Nigerian Banks Report N42.76 Trillion e-Transaction in Q3 2019-NBS
Money

Nigerian Banks Report N42.76 Trillion e-Transaction in Q3 2019-NBS

Share
Share

December 5, 2019/NBS

A total volume of 800,201,498 transactions valued at N42.76trn were recorded in Q3 2019 as data on Electronic Payment Channels in the Nigeria Banking Sector revealed.

NIBSS Instant Payments (NIP) transactions dominated the volume of transactions recorded. 298,988,572 volume of NIP transactions valued at N26.18trn were recorded in Q3 2019.

In terms of credit to private sector, the total value of credit allocated by the bank stood at N16.25trn as at Q3 2019. Oil & Gas and Manufacturing sectors got credit allocation of N3.39trn and N2.57trn to record the highest credit allocation as at the period under review.

As at Q3 2019, the total number of banks staff decreased by 2.81% QoQ from 104,364 in Q2 2019 to 101,435.

Click here to read full PDF copy of report

Share

Businesstoday Magazine

Businesstoday Conference/Awards

Related Articles

Lagos Lawmakers Commend LIRS On Historic N1 Trillion Revenue Milestone

Legislators in Lagos State have commended the Lagos State Internal Revenue Service...

Stanbic IBTC Bank Partners With IFC To Empower women entrepreneurs this Valentine’s season

As a show of love this Valentine’s season and in line with...

CBN Announces New Charges On ATM Withdrawal

BY NKECHI NAECHE- ESEZOBOR--The Central Bank of Nigeria (CBN) has said customers...

Naira Appreciates Further After CBN’s New BDC Directives

The naira appreciated further in the parallel market, popularly called black market,...