Banking Sector Records 2.78bn Volume of Transaction in Q3 2020 - NBS

Saturday, December 12, 2020 04:50 PM / by NBS/ Header Image Credit:  NBS

A total volume of 2,781,526,188 transactions valued at N319.99trn was recorded in Q3 2020 as data on Electronic Payment Channels in the Nigeria Banking Sector revealed.

RTGS transfers dominated the volume of transactions recorded. 1,799,199 volume of Online Transfer transactions valued at N116.06trn were recorded in Q3 2020.

In terms of credit to the private sector, the total value of credit allocated by the bank stood at N19.87trn as of Q3 2020. Oil & Gas and Manufacturing sectors got credit allocation of N3.74trn and N3.03trn to record the highest credit allocation as at the period under review.

As of Q3 2020, the total number of Deposit Money Banks' staff increased by 1.47% QoQ from 94,498 in Q2 2020 to 95,888.

Geographical Distribution of Credit by State stood at N19.46trn compared to N18.90trn in Q2 2020 and N16.62trn in Q3 2019. This represents 2.96% increase in credit Quarter on Quarter and 17.11% Year on Year.

Lagos State recorded the highest credit by geographical distribution with N15.13trn, accounting for 77.74% of the total credit by geographical distribution while Yobe State recorded the least with N19.38bn, accounting for 0.09% in Q3 2020

Click Here to Download Q3 2020 Selected Banking Sector Data PDF Report

Latest 2020 NBS Reports

Q4 2020

1. Trade Grew in Q3 2020 Due to Faster Increase in Imports But Slower Recovery in Exports
2. FAAC Disburses N639.90bn in October 2020 - NBS
3. GDP by Expenditure: Household Consumption Expenditure Contracts By -0.08% in Q2 2020 - NBS
4. N416.01bn Generated as Company Income Tax in Q3 2020 - NBS
5. Average Price of 1kg of Rice Increased By 2.75% MoM in October 2020 - NBS
6. Nigeria Slips into Recession; Real GDP Contracts by -3.62% in Q3 2020
7. Average Prices of PMS, AGO, HHK and Cooking Gas - October 2020
8. Headline Inflation Increases By 14.23% YoY In October 2020, 0.52% Higher Than September 2020 Rate
9. N424.71bn Generated as VAT in Q3 2020 - NBS
10. FAAC Disburses N682.06bn in September 2020 - NBS
11. Average Prices of 1kg of Rice Increased By 39.07% YoY in September 2020 - NBS
12. Average Fare Paid for Intercity Bus Increased By 24.30% YoY in September 2020 - NBS
13. Average Prices of PMS, AGO, HHK and Cooking Gas - September 2020
14. Headline Inflation Increases By 13.71% YoY In September 2020, 0.49% Higher Than August 2020 Rate
15. States Generated N612.87bn as IGR in H1 2020 - NBS
16. All Region TOT Decreased by -0.79% in Q2 2020 Due to Weaker Trade With Europe, Africa and Asia

Q3 2020

1. 2,080 Road Traffic Crashes Occurred in Q2 2020 - NBS
2. 33,448,633MWh of Energy Generated in 2019 - NBS
3. FAAC Disburses N676.41bn in August 2020 - NBS
4. FAAC Disburses N696.18bn in July 2020 - NBS
5. Average Price of 1kg of Rice Increased By 40.69% YoY in August 2020 - NBS
6. Average Fare For Bus Journey Within City Increased By 12.70% MoM in August 2020 - NBS
7. Average Prices of PMS, AGO, HHK and Cooking Gas - August 2020
8. Headline Inflation Increases By 13.22% YoY In August 2020; 0.40% Higher Than July 2020 Rate
9. Nigeria's Total Public Debt Stood At N31.01trn in Q2 2020 - NBS
10. Banking Sector Records 2.16bn Volume of Transaction in Q2 2020 - NBS
11. FAAC Disburses N547.31bn in June 2020 - NBS
12. Nigeria's Merchandise Trade Falls Steeply in Q2 2020 Due to Sharp Drop in Exports
13. FAAC Disburses N606.19bn in May 2020 - NBS
14. Total Value of Capital Imported into Nigeria Stood At $1,294.94m in Q2 2020 - NBS
15. 612,547kg of Drugs Seized in 2019 - NBS
16. Nigeria's GDP Contracts by -6.10% YoY in Real Terms in Q2 2020 - NBS
17. Average Price of 1kg of Tomato Increased By 3.24% MoM in July 2020 - NBS
18. Average Fare Paid By Commuters for Motorcycle Journey Increased By 9.06% MoM in July 2020
19. Average Prices of PMS, AGO, HHK and Cooking Gas - July 2020
20. Headline Inflation Increases By 12.82% YoY In July 2020; 0.26% Higher Than June 2020 Rate
21. Nigeria's Unemployment Rate Moves Up to 27.1% in Q2 2020 from 23.1% in Q3 2018 - NBS
22. N651.77bn Generated as VAT in H1 2020 - NBS
23. Average Prices of 1kg of Tomato Increased By 30.25% YoY in June 2020 - NBS
24. Average Fare for Bus Journey Within City Increased By 3.36% MoM to N229.94 in June 2020 - NBS
25. Average Prices of PMS, AGO, HHK and Cooking Gas - June 2020
26. Headline Inflation Increases By 12.56% YoY In June 2020; 0.16% Higher Than May 2020 Rate
27. Nigeria's Total Public Debt Stood At N28.63trn in Q1 2020 - NBS
28. NBS Publishes National Living Standard Survey 2018-19 Report
29. Active Voice Subscription Grew By 2.48% in Q1 2020 - NBS

Q2 2020

1. 5.26bn Litres of PMS Imported Into Nigeria in Q1 2020 - NBS
2. All Commodity Group Import Index Decreased By 0.84% in Q1 2020
3. Average Price of 1kg of Rice Increased By 28.18% YoY in May 2020 - NBS
4. Average Fare Paid By Commuters for Bus Journey Within City Decreased By -0.56% MoM in May 2020 - NBS
5. Average Prices of PMS, AGO, HHK and Cooking Gas - May 2020
6. Headline Inflation Increases By 12.40% YoY In May 2020; 0.06% Higher Than April 2020 Rate
7. Nigeria's Merchandise Trade Slowed in Q1 2020 Due to Declines in Both Imports and Exports
8. 11,072 Road Traffic Crashes Occurred in 2019 - NBS
9. FAAC Disburses N780.93bn in April 2020 - NBS
10. FAAC Disburses N581.57bn in March 2020 - NBS
11. Average Price of 1kg of Rice Increased MoM By 7.56% in April 2020 - NBS
12. Average Air Passengers Fare Was Flat MoM in April 2020 - NBS
13. Total Value of Capital Importation into Nigeria Stood At $5,854.38m in Q1 2020 - NBS
14. Nigeria's GDP Grew By 1.87% YoY in Real Terms in Q1 2020
15. Average Prices of PMS, AGO, HHK and Cooking Gas - April 2020
16. N1.33trn Generated As IGR in 2019 - NBS
17. Headline Inflation Increases By 12.34% YoY In April 2020; 0.08% Higher Than March 2020 Rate
18. 20.89bn Litres of PMS Imported Into Nigeria in 2019 - NBS
19. N338.94bn Generated As VAT in Q1 2020 - NBS
20. Total Household Expenditure on Food and Non-food Was Put At N40.21bn in 2019 - NBS
21. Poverty and Inequality in Nigeria 2019: 40% of Total Population Classified as Poor
22. GDP By Income and Expenditure Approach Q4 2019 - Household Final Consumption Declined by -2.40%
23. Average Price of 1kg of Rice Increased By 21% YoY to N438.66 In March 2020
24. Average Transport Fare Paid By Commuters Within City Increased By 1.89% MoM in March 2020
25. Average Prices of PMS, AGO, HHK and Cooking Gas - March 2020
26. Headline Inflation Increases By 12.26% YoY In March 2020; 0.06% Higher Than February 2020 Rate
27. Nigeria's Total Public Debt Stood At N27.40trn in Q4 2019 - NBS
28. FAAC Disburses N647.35bn in February 2020 - NBS

Q1 2020

1. Banking Sector Records 893.68m Volume of Transaction in Q4 2019 - NBS
2. Active Voice Subscription Grew By 3.08% in Q4 2019 - NBS
3. All Commodity Group Import Index Fell by 3.27% Due Mainly to Declines in the Prices of Goods
4. Average Prices of 1kg of Tomato Decreased By -10.65% YoY to N237.22 in Jan 2020 - NBS
5. Average Fare Paid By Commuters For Bus Journey Intercity Increased By 0.91% MoM in February 2020
6. Average Prices Of PMS, AGO, HHK and Cooking Gas - February 2020
7. Headline Inflation Increases By 12.20% YoY In February 2020; 0.07% Higher Than January 2020 Rate
8. FAAC Disburses N716.30bn in January 2020 - NBS
9. FAAC Disburses N2.93trn to FG in 2019 - NBS
10. Total Value of Capital Imported in Q4 2019 Stood At $3,802.38m - NBS
11. FAAC Disburses N650.83bn in December 2019 - NBS
12. Nigeria's Merchandise Trade Grew in Q4 2019; Imports Rose Faster Exceeding Falling Exports
13. Nigeria's GDP Grew By 2.55% in Real Terms in Q4 2019 and 2.27% in Full Year 2019
14. Average Prices of 1kg of Tomato Decreased By -10.65% YoY to N237.22 in Jan 2020 - NBS
15. Average Prices Of PMS, AGO, HHK and Cooking Gas - January 2020
16. Headline Inflation Increases By 12.13% YoY In January 2020; 0.15% Higher Than December 2019 Rate
17. N293.80bn Generated as IGR in Q3 2019 - NBS
18. Nigeria's Total Public Debt Stood At N26.14trn in Q3 2019 - NBS
19. Average Intercity Fare Increases By 1.43% MoM To N1, 666.57 In December 2019
20. Average Price of 1kg of Tomato Decrease YoY by -2.80% To N263.90 In December 2019
21. All Commodity Group Index Grew By 2.48% in Q3 2019
22. Average Prices Of PMS, AGO, HHK and Cooking Gas - December 2019
23. Headline Inflation Increases By 11.98% YoY In December 2019; 0.13% Higher Than November 2019 Rate