Between April and June this year, Nigerian banks recorded a total of 509,668,433 in transactions volume, valued at 32.90 trillion.

This is according to figures from National Bureau of Statistics, NBS in its “Selected Banking Sector Data: Sectorial Breakdown of Credit, e-Payment Channels and Staff Strength (Q2 2018)’’ report released in Abuja.

Also Read: CURRENCY SWAP: CBN Ready To Sell Chinese Yuan In Second Auction

According to the report, Automated Teller Machine, ATM transactions dominated the volume of transactions recorded.

It said 217,417,961 volume of ATM transactions valued at 1.6 trillion naira was recorded in the period under review.

“Oil and Gas and Manufacturing sectors got credit allocation of 3.45 trillion naira and 2.02 trillion naira to record the highest credit allocation as at the period under review.

“As at the second quarter, the total number of banks staff increased by 13.67%, from 89,608 in first quarter to 101,861,’’ the report stated.

Don't forget to share this story with your friends.