Nigerian banks are one of the largest employers of labour in Nigeria.

And a report by National Bureau of Statistics, NBS indicates that Nigerian banks are hiring more workers, an indication that the sector is booming.

The NBS revealed in its latest report that the number of bank staff between April and June this year increased by 13.67%, from 89,608 in first quarter to 101,861.

The NBS also said a total volume of 509,668,433 transactions valued at 32.90 trillion naira was recorded in the banking sector during the second quarter.

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The NBS made this known in its “Selected Banking Sector Data: Sectorial Breakdown of Credit, e-Payment Channels and Staff Strength (Q2 2018)” report released in Abuja.

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

In terms of how Nigerians spent their money, the report said 217,417,961 volume of ATM transactions valued at 1.6 trillion naira was recorded in the period under review.

“In terms of credit to private sector, the total value of credit allocated by the bank stood at 15.34 trillion naira as at the second quarter.

“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,” the report said.

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