N1.56bn ATM Transactions Recorded In First Quarter Of 2018

About 1.56 trillion naira transactions through the  Automated Teller Machine (ATM)have been recored by banks in the first quarter of 2018. This was disclosed by the National Bureau of Statistics, NBS, reporting that a total volume of 457,226,406 transactions valued at N32.48 trillion were recorded in the first quarter of 2018 as data on Electronic Payment…”
Moroti Olatujoye
May 8, 2018 12:05 pm

About 1.56 trillion naira transactions through the  Automated Teller Machine (ATM)have been recored by banks in the first quarter of 2018.

This was disclosed by the National Bureau of Statistics, NBS, reporting that a total volume of 457,226,406 transactions valued at N32.48 trillion were recorded in the first quarter of 2018 as data on Electronic Payment Channels in the Nigeria Banking Sector revealed.

It added that ATM transactions dominated the volume of transactions recorded, as 212,370,853 volume of ATM transactions valued at N1.568 billion were recorded in the first quarter of 2018.

In terms of credit to private sector, the report said a total of N15.60 trillion worth of credit was allocated by the banks in the first quarter of 2018, just as Oil & Gas and Manufacturing sectors got credit allocation of N3.42trn and N2.07 trn to record the highest credit allocation within the period under review.

“As at Q1, 2018, the total number of banks staffs decreased by -0.93% from 90,453 in Q4 2017 to 89,608,” the report said.

 

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