Between October and December 2018, Nigerians withdrew a total of 39.15 trillion naira from Automated Teller Machines, ATM.

The figure was contained in the “Selected Banking Sector Data For Fourth Quarter, 2018” by the National Bureau of Statistics, NBS released on Wednesday, February 20th.

According to the NBS, the 39.15 trillion naira was derived from 616,528,697 transactions recorded as data on “Electronic Payment Channels in the Nigeria Banking Sector” during the period.

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

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According to the report, 228, 209, 423 NIP transactions valued at 23.57 trillion naira were recorded in the quarter under review.

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 15.13 trillion naira.

It said Oil and Gas and Manufacturing sectors got credit allocation of 3.55 trillion naira and 2.23 trillion naira 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% quarter-on-quarter, from 102,821 in the third quarter to 104,669 in the period.

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