Home Banking Q2: ATMs record N1.603b transactions

Q2: ATMs record N1.603b transactions


The Nigerian economy recorded about 217,417,961 volume of Automated Teller Machine (ATM) transactions valued at N1.603 billion in the second quarter of the year, the National Bureau of Statistics (NBS) has said.

According to the report, a total of 509,668,433 transactions valued at N32.90 trillion was recorded in the banking sector during the period.

The NBS stated this in its “Selected Banking Sector Data: Sectorial Breakdown of Credit, ePayment Channels and Staff Strength (Q2 2018)’’ report.

“In terms of credit to the private sector, the total value of credit allocated by the banks stood at N15.34 trillion as at the second quarter.

“Oil and Gas and Manufacturing sectors got credit allocation of N3.45 trillion and N2.02 trillion respectively 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 13.67per cent, from 89,608 in first quarter to 101,861,” the report stated.