The Bureau stated in its report titled ‘Selected Banking Sector Data Q3 2019’ that the figures represented available data on electronic payment (e-payment) channels in the banking sector nationwide.
According to the official statistics reporting agency, during the quarter in review, the NIBSS Instant Payments (NIP) transactions dominated the volume of transactions hitting 298,988,572, amounting to N26.18trn.
The bureau stated further that in terms of credit to private sector in Q3, 2019, the total value of credit allocated by banks stood at N16.25 trn, with Oil & Gas and Manufacturing sectors getting credit allocations of N3.39trn and N2.57trn respectively to record the highest credit allocations as at the period under review.
Frontpage December 27, 2019
Frontpage December 23, 2019