Banking Sector Records 893.68m Volume of Transaction in Q4 2019 - NBS


Wednesday, April 01, 2020  09:15 AM / NBS/ Header Image Credit:  NBS


A total volume of 893,681,888 transactions valued at N48.54trn were recorded in Q4 2019 as data on Electronic Payment Channels in the Nigeria Banking Sector revealed.

NIBSS Instant Payments (NIP) transactions dominated the volume of transactions recorded. 342,636,006 volume of NIP transactions valued at N29.69trn were recorded in Q4 2019.

In terms of credit to private sector, the total value of credit allocated by the bank stood at N17.19trn as at Q4 2019. Oil & Gas and Manufacturing sectors got credit allocation of N3.42trn and N2.62trn to record the highest credit allocation as at the period under review. 

As at Q4 2019, the total number of banks' staff increased by 2.14% QoQ from 101,435 in Q3 2019 to 103,610.


Click Here to Download Q4 2019 Selected Banking Sector Data PDF Report

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Latest 2020 NBS Reports

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Q1 2020

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


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