N39.15trn Transactions Made On ATM In Q4 2018

By: 'Dotun Akintomide

Cat:

February 20, 2019

Related stories

NDN

NDN

The National Bureau of Statistics (NBS) said Automated Teller Machine (ATM) from selected banks across the country recorded transactions valued at N39.15 trillion in the fourth quarter of 2018.

The bureau stated this in its “Selected Banking Sector Data for Fourth Quarter, 2018”, posted on its website on Wednesday.

It said that the amount was derived from 616,528,697 transactions recorded as data on “Electronic Payment Channels in the Nigeria Banking Sector” during the period.

READ ALSO: FG Spends N57.4bn On Debt Servicing In 6 Months

The bureau added that NIBSS Instant Payments (NIP) transactions dominated the volume of transactions recorded in the quarter.

According to the report, 228, 209, 423 NIP transactions valued at N23.57 trillion were recorded in the quarter under review.

NDN

In terms of credit to private sector by the Central Bank of Nigeria (CBN) during the period, the report said the total value of credit allocated by the bank was N15.13 trillion.

READ ALSO: Traders Panic As Naira Depreciates Thrice In 6 Hours

It said Oil and Gas and Manufacturing sectors got credit allocation of N3.55 trillion and N2.23 trillion to record the highest allocation in the quarter.

The report also stated that the number of staff in the banking sector increased by 1.80 per cent quarter-on-quarter, from 102,821 in the third quarter to 104,669 in the period.

NDN

'Dotun Akintomide

'Dotun Akintomide's journalism works intersect business, environment, politics and developmental issues. Among a number of local and international publications, his work has appeared in the New York Times. He's a winner of the National Youth Service Corps (NYSC) Award. Currently, the Online Editor at The New Diplomat, Akintomide has produced reports that uniquely spoke to Nigeria's experience on Climate Change issues. When Akintomide is not writing, volunteering or working on a media project, you can find him seeing beautiful sites like the sandy beaches that bedecked the Lagos coastline.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

[tds_leads input_placeholder="Your email address" btn_horiz_align="content-horiz-center" pp_msg="SSd2ZSUyMHJlYWQlMjBhbmQlMjBhY2NlcHQlMjB0aGUlMjAlM0NhJTIwaHJlZiUzRCUyMiUyMyUyMiUzRVByaXZhY3klMjBQb2xpY3klM0MlMkZhJTNFLg==" pp_checkbox="yes" tdc_css="eyJhbGwiOnsibWFyZ2luLXRvcCI6IjMwIiwibWFyZ2luLWJvdHRvbSI6IjQwIiwiZGlzcGxheSI6IiJ9LCJwb3J0cmFpdCI6eyJtYXJnaW4tdG9wIjoiMTUiLCJtYXJnaW4tYm90dG9tIjoiMjUiLCJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3NjgsImxhbmRzY2FwZSI6eyJtYXJnaW4tdG9wIjoiMjAiLCJtYXJnaW4tYm90dG9tIjoiMzAiLCJkaXNwbGF5IjoiIn0sImxhbmRzY2FwZV9tYXhfd2lkdGgiOjExNDAsImxhbmRzY2FwZV9taW5fd2lkdGgiOjEwMTksInBob25lIjp7Im1hcmdpbi10b3AiOiIyMCIsImRpc3BsYXkiOiIifSwicGhvbmVfbWF4X3dpZHRoIjo3Njd9" display="column" gap="eyJhbGwiOiIyMCIsInBvcnRyYWl0IjoiMTAiLCJsYW5kc2NhcGUiOiIxNSJ9" f_msg_font_family="downtown-sans-serif-font_global" f_input_font_family="downtown-sans-serif-font_global" f_btn_font_family="downtown-sans-serif-font_global" f_pp_font_family="downtown-serif-font_global" f_pp_font_size="eyJhbGwiOiIxNSIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_weight="700" f_btn_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_transform="uppercase" btn_text="Unlock All" btn_bg="#000000" btn_padd="eyJhbGwiOiIxOCIsImxhbmRzY2FwZSI6IjE0IiwicG9ydHJhaXQiOiIxNCJ9" input_padd="eyJhbGwiOiIxNSIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMCJ9" pp_check_color_a="#000000" f_pp_font_weight="600" pp_check_square="#000000" msg_composer="" pp_check_color="rgba(0,0,0,0.56)" msg_succ_radius="0" msg_err_radius="0" input_border="1" f_unsub_font_family="downtown-sans-serif-font_global" f_msg_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_size="eyJhbGwiOiIxNCIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_weight="500" f_msg_font_weight="500" f_unsub_font_weight="500"]

Latest stories

Previous article

Financial Experts Rue Losses To Postponed Polls

Next article

N21bn Money Laundering: EFCC Begins Trial Of Ex-Skye Bank Chairman

Latest News

How Dangote Raised Petrol Price To N955 From N899/litre For Bulk BuyersUS Court Jails 3 Nigerians Over $2m Fraud Scheme"This Is A Good Development For Nigeria," Says Tinubu As He Lauds Governors On Tax Reform BillsFresh Outage: Presidential Villa Affected As Vandals Steal Electricity Cables In AbujaParting Gift: Biden Sets Record, Grants Clemency To 2,500 PeopleHow Nigeria's Disporans $90bn Remittances Affected Country's Economic Growth - Abike Dabiri-ErewaLagos Assembly: Ousted Speaker, Obasa Absent As Meranda Presides Over First PlenaryBreaking! Fears Heighten As Wife Of Retired AIG Hakeem Odumosu Is Kidnapped In OgunList: Reactions As Wike Land Revocation Order Hits APC, PDP Bigwigs, Governors, Senators, Ministers, OthersIf you want to fend off wrinkles and saggy skin as you age, say goodbye to these 7 daily habitsDetails As Appeal court Upholds Abure as Labour Party National ChairmanTikTok’s CEO used to work for Mark Zuckerberg as a Facebook intern. Just one decade later, he’s become one of Meta’s fiercest competitorsFirst Bank Crisis: Uncertainty Over Oba Otudeko’s Whereabout, Debunks Charges As EFCC Closes in Over Alleged FraudTax Reform Bills: Why We Caved In to FG, We Were Initially Misled, By Gov Sule On Northern Govs' Volte-faceCanada ready to reveal initial retaliation plan Monday if Trump makes good on tariff threat: sources

X