Banking Sector Records 304.31 mln Volume of Transaction in Q1 2017 - NBS

Tuesday, May 26, 2017, 5:35 AM /NBS 

A total volume of 304,307,931 transactions valued at N22.01 trn were recorded in Q1 2017 as data on Electronic Payment Channels in the Nigeria Banking Sector revealed. ATM transactions dominated the volume of transactions recorded. 179, 000, 000 volume of ATM transactions valued at N1.50 trn were recorded in Q1 2017. 

In terms of credit to private sector, a total of N16.00 trn worth of credit was allocated by the banks in Q1 2017. Services and Industry got credit allocation of N9.25trn and N6.19 trn to record the highest credit allocation in the period under review. 

As at Q1, 2017, the total number of banks' staffs increased from 76,812 in Q4 2016 to 77,690 in Q1 2017. 

Click Here to Download Q1 2017 Banking Sector (PDF) Report

Latest 2017 NBS Reports 

Q2 2017

1.  GDP Contracts by -0.52% in Q1’17 from -1.73% in Q4’16; 5th Consecutive Quarter of Contraction

2.      Average Prices of PMS, AGO, HHK and Cooking Gas Price Watch – April 2017

3.      Average Intercity Transport Fare Increases to N1,587.04 in Apr’17 from N1,466.46 in Mar’17

4.      Average Prices of 1kg of Yam Tubber Increased by 42.45% YoY in April 2017

5.      CPI Drops to 17.24% in April 2017, 0.02% Lower Than 17.26% March Rate

6.      Lagos, Rivers Top IGR for Full Year 2016

7.      Telecoms Subscribers Dropped by 1.33% in Q1 2017 - NBS

8.     Nigeria Imports 4.05bn Litres of PMS in Q1 2017 - NBS

9.      Lagos State has the highest domestic and foreign debt profile in 2016 - NBS

10.  2,556 Road Traffic Crashes Recorded in Q1 2017 - NBS

11.   FAAC Disburses N466.93bn in March 2017

12.  Daily Energy Generation Attained a Peak of 5,846 MW in Q1 2017 - NBS

13.  Average Prices of PMS, AGO, HHK and Cooking Gas Price Watch - March 2017

14.  Average Intercity Transport Fare Increases to N1,466.46 in Mar’17 from N1,411.87 in Feb’17

15.   Average Prices of 1kg of Yam Tubber Increased by 63.4% YoY in March 2017

16.  CPI Drops to 17.26% in March 2017, 0.52% Lower Than 17.78% February Rate

17.   7.49m Nigerians Are Registered Under the National Pension Scheme As At Q1 2017 - NBS

18.  Lagos Airport Accounted for 69.1% of International Passengers in 2016 - NBS

Q1 2017

19.  11,363 Road Traffic Crashes Recorded in 2016 - NBS

20. FAAC Disburses N514.15bn in February 2017

21.  FAAC Disburses N430.16bn in January 2017

22. Average Intercity Transport Fare Decreases to N1,411.87 in Feb’17 from N1430.63 in Jan’17

23. Average Price of 1kg of Rice Increased by 68% YoY in February 2017

24. Average Prices of PMS, AGO, HHK and Cooking Gas Price Watch - February 2017

25.  CPI Drops to 17.78% in February 2017, 0.94% Lower Than 18.72% January Rate

26. Nigeria Produced 43.49m Tons of Solid Minerals in 2016 - NBS

27.  NIPOST Generates N8.84bn Revenue in 2016 - NBS

28. Q4 2016 Merchandise Trade Intensity - Total Trade Grows by 6.5% in 2016

29. Merchandise Trade Grows in Q4 2016 - Records First Quarterly Positive Trade Balance Since Q4 2015

30. GDP Contracts by -1.30% in Q4 and -1.51% for Full Year 2016; Is Nigeria on Its Way Out of Recession?

31.  JAMB Received 11.7m Applications Between 2010 and 2016

32. Average Kerosene Price Increases to N433.84 in Jan'17 from N231.85 in Dec'16

33. Average Intracity Transport Fare Increases to N122 in Jan'17 from N84.29 in Dec'16

34. Average Cooking Gas Price Increases to N2,567.56 in Jan’17 from N2,002.16 in Dec’16

35.  Average Diesel Price Increases to N240.52 in Jan’17 from N196.20 in Dec’16

36. Average Petrol Price Increases to N148.7 in Jan'17 from N146.7 in Dec'16

37.  CPI Rises to 18.72% in January 2017, 0.17% Higher Than 18.55% December 2016 Rate

38. GENCOs Issued Total Invoice of N331bn to DISCOs in 2016

39. Nigeria Produced 5.79 mln Tonnes of Fish Between 2010 and 2015

40. 4,296 Applications Were Received by NAFDAC for New Products Registration in 2016 - NBS

41.  19,833 Vessels Berthed At Nigerian Ports Between 2013 and 2016 - NBS

42. Total Value of Capital Imported into Nigeria in Q4 2016 Estimated at $1,548.88mln - NBS

43. Telecoms Sector Contributes N1,399bn to GDP in Q3 2016 - NBS

44. FAAC Disburses N426.88bn in December 2016 - NBS

45.  Banking Sector Records 910.18m Volume of Transaction in 2016 on Electronic Payment Channels - NBS

46. Daily Energy Generation Attained a Peak of 3,859.59MW in Q4 2016 - NBS

47.  10.8% of Nigeria's Total Working Population Are Registered Under The National Pension Scheme - NBS

48. Nigeria Imports 4.83 bn Litres of PMS in Q4 2016 - NBS

49. 72.53% of Nigeria’s Prison Population in 2015 were Un-sentenced - NBS

50. Lagos, Ogun Top IGR for H1 2016