Banking Sector Records 3.46bn Volume of Transaction in Q4 2020 - NBS

Proshare

Sunday, April 25, 2021 03:30 PM / by NBS/ Header Image Credit:  NBS

 

A total volume of 3,464,811,083 transactions valued at N356.47trn was recorded in Q4 2020 as data on Electronic Payment Channels in the Nigeria Banking Sector revealed.

 

Online transfers dominated the volume of transactions recorded. 2,227,449,949 volume of Online Transfer transactions valued at N120.27trn were recorded in Q4 2020.

 

In terms of credit to the private sector, the total value of credit allocated by the bank stood at N20.37trn as of Q4 2020. Oil & Gas and Manufacturing sectors got credit allocation of N3.93trn and N3.19trn to record the highest credit allocation as at the period under review.

 

As of Q4 2020, the total number of Banks' staff decreased by -0.90% QoQ from 95,888 in Q3 2020 to 95,026.

 

Click Here to Download Q4 2020 Selected Banking Sector Data PDF Report


Proshare Nigeria Pvt. Ltd.


Latest 2021 NBS Reports

Proshare Nigeria Pvt. Ltd.



Q2 2021

1.      Average Price of 1kg of Tomato Decreased by -0.64% MoM in March 2021 - NBS

2.     Average Fare for Bus Journey Within City Increased by 4.42% MoM in March 2021 - NBS

3.     N1.31trn Generated as IGR in 2020 - NBS

4.     Headline Inflation Increases by 18.17% YoY In March 2021, 0.82% Higher Than February 2021 Rate - NBS

5.     Average Prices of PMS, AGO, HHK and Cooking Gas - March 2021

6.     Real Household Consumption Expenditure Growth Rate Stood at 0.18% in 2020 - NBS

7.     All Commodity Group Import Index Grew By 0.13% in Q4 2020 - NBS

8.     38.60% of Nigeria's Total Public Debt Was External in Q4 2020 - NBS

 

 Proshare Nigeria Pvt. Ltd.


Q1 2021

9.     Average Price of 1kg of Tomato Increased by 11.33% YoY in February 2021 - NBS

10.  Average Fare Paid by Commuters for Intercity Journey Increased by 1.13% MoM in February 2021 - NBS

11.   FAAC Disburses N619.34bn in January 2021 - NBS

12.  Average Prices of PMS, AGO, HHK and Cooking Gas - February 2021

13.  Active Voice Subscribers Declined by -0.32% QoQ in Q4 2020 - NBS

14.  Headline Inflation Increases by 17.33% YoY In February 2021, 0.86% Higher Than January 2021 Rate

15.  Nigeria's Unemployment Rate Increases to 33.3% in Q4 2020 from 27.1% in Q2 2020 - NBS

16.  Total Trade Higher By 8.9% in Q4 2020, Lower By 10.3% in FY 2020

17.  Average Price of 1kg of Tomato Decreased by -6.59% MoM in January 2021

18.  Average Prices of PMS, AGO, HHK and Cooking Gas - January 2021

19.  Nigeria Exits Recession, Real GDP Grew by 0.11% in Q4 and -1.92% in Full Year 2020

20. Headline Inflation Increases by 16.47% YoY In January 2021, 0.71% Higher Than December 2020 Rate

21.  FAAC Disburses N2.49trn to FG and N2.30trn to States in Year 2020 - NBS

22. FAAC Disburses N601.11bn in December 2020 - NBS

23. FAAC Disburses N604.00bn in November 2020 - NBS

24. Total Value of Capital Importation into Nigeria Stood at US$1,069.68m in Q4 2020 - NBS

25. N295.72bn Generated as Company Income Tax in Q4 2020 - NBS

26. N454.69bn Generated as Value Added Tax in Q4 2020 - NBS

27. Average Price of 1kg of Tomato Increases by 17.51% YoY in December 2020 - NBS

28. Average Air Fare Increases by 18.54% YoY in December 2020 - NBS

29. Average Prices of PMS, AGO, HHK and Cooking Gas - December 2020

30. Headline Inflation Increases by 15.75% YoY In December 2020, 0.86% Higher Than November 2020 Rate

31.  62.18% of Nigeria's Total Public Debt as of Q3 2020 Was Domestic - NBS

32. Active Voice Subscribers Grew by 4.59% in Q3 2020 - NBS


Proshare Nigeria Pvt. Ltd.

READ MORE:
Related News
SCROLL TO TOP