Total Value of Credit Allocated By Banks Stood At N15.13trn As At Q4 2018 - NBS


Tuesday, February 19 2019  06:00 PM / NBS


A total volume of 616,528,697 transactions valued at N39.15trn were recorded in Q4 2018 as data on Electronic Payment Channels in the Nigeria Banking Sector revealed. 

NIBSS Instant Payments (NIP) transactions dominated the volume of transactions recorded. 228,209,423 volume of NIP transactions valued at N23.57trn were recorded in Q4 2018. 

In terms of credit to private sector, the total value of credit allocated by the banks stood at N15.13trn as at Q4 2018. Oil & Gas and Manufacturing sectors got credit allocation of N3.55trn and N2.23trn to record the highest credit allocation as at the period under review.

As at Q4, 2018, the total number of banks' staffs increased by 1.80% QoQ from 102,821in Q3 2018 to 104,669.


Click Here to Download Q4 2018 Selected Banking Sector Data PDF Report

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Latest 2019 NBS Reports


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Q1 2019

1.       Average Price of 1kg of Tomato Decreased By 2.39% YoY To N265.49 in January 2019 - NBS

2.      FAAC Disburses N649.19bn in January 2019

3.      Average Intercity Bus Fare Decreased By -13.90% MoM To N1,541.38 in January 2019

4.      Headline Inflation Increases By 11.37% YoY in January 2019; 0.07% Lower Than December 2018 Rate

5.      Average Prices of PMS, AGO, HHK and Cooking Gas – January 2019

6.      Total Value of Capital Importation into Nigeria Stood at $16,812.47m in 2018 – NBS

7.      Nigeria’s GDP Grew By 2.38% YoY in Real Terms in Q4 2018 and 1.93% in Full Year

8.     828,502 Employees Employed By 1,110 Registered Private Guard Companies in 2018 - NBS

9.      States Generate N264.38bn as IGR in Q3 2018 - NBS

10.  NBS Publishes Drug Use in Nigeria 2018 Survey Report

11.   FAAC Disburses N3.19trn To FG in 2018 - NBS

12.  FAAC Disburses N2.38trn To FG in 2017 - NBS

13.  FAAC Disburses N812.76bn in December 2018 - NBS

14.  Average Price of 1kg of Tomato Decreased By -7.76% MoM To N294.36

15.   Average Within City Bus Journey Fare Decreased By -5.64% MoM To N181.61

16.  Headline Inflation Increases By 11.44% YoY in December 2018; 0.16% Higher Than November 2018 Rate

17.   Average Prices of PMS, AGO, HHK and Cooking Gas – December 2018


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