According to the Daily Trust, the Nigerian Bureau of Statistics said that the National bank recorded a total of 557,083,712 electronic payment transactions in the first quarter of 2019, with a total amount of 34.02 trillion Naira.
The Nigerian national bureau of statistics (NBS) released a report on banking data, stating that the Nigerian inter-bank clearing system (NIBSS) instant payment (NIP) transactions were a major component of trading volume, with 232,816,102 NIP transactions recorded during the period under review, valued at 24.17 trillion Naira.
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Nigeria’s National Bureau of Statistics (NBS) said that in terms of private sector credit, the total amount of credit allocated by banks was 15.21 trillion Naira as of the first quarter of 2019. The oil and gas sectors received a credit allocation of $3.49 trillion and $2.23 trillion, respectively. In addition, the total number of bank employees increased by 0.33% from 104,669 in the fourth quarter of 2018 to 105,017 in the first quarter of 2019.