Banking sector recorded N263.78trn electronic transactions in Q2 - NBS

The National Bureau of Statistics on Wednesday said the banking sector recorded a total volume of 2,160,436,659, amounting to N263.73 trillion electronic payment transactions in the second quarter of 2020.

The NBS said the bank allocated N18.82 trillion credit to the private sector in the period under review. “In terms of credit to private sector, the total value of credit allocated by the bank stood at N18.82trn as at Q2 2020. Oil & Gas and Manufacturing sectors got credit allocation of N3.62trn and N3.07trn to record the highest credit allocation as at the period under review.

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