Federal finance and statistics / National Bureau of Statistics

Selected Banking Sector Data (Q2 2020) : Sectorial Breakdown of Credit, ePayment Channels and Staff Strength

Selected Banking Sector Q2 2020 A total volume of 2,160,436,659 transactions valued at N263.78trn were recorded in Q2 2020 as data on Electronic Payment Channels in the Nigeria Banking Sector revealed. Online Transfer transactions dominated the volume of transactions recorded. 1,317,621,686 volume of Online Transfer transactions valued at N72.25trn were recorded in Q2 2020. In terms of credit to private sector, the total value of credit allocated by the bank stood at N18.82trn as at Q2 2020. Oil & Gas and Manufacturing sectors got credit allocation of N3.62trn and N3.07trn to record the highes…