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NBC says e-payments hit N34.02trn in Q1, 2019



An aggregate of 557,083,712 electronic-installment exchanges esteemed at N34.02 trillion was recorded in chosen banks the nation over in the first quarter, 2019, Nigeria’s insights department has said. The National Bureau of Statistics (NBS) said this in a report on Selected Banking Sector Data: Sectorial Breakdown of Credit, ePayment Channels and Staff Strength information posted on its site.

It said Nigeria Inter-Bank Settlement System (NIBSS) Instant Payment (NIP) exchanges overwhelmed the volume of transactions recorded with 232,816,102 amount of NIP exchanges esteemed at N24.17 trillion were recorded inside the period under survey.

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It, notwithstanding, said that as far as a credit to the private area, the absolute estimation of credit assigned by the banks remained at N15.21 trillion as at first quarter 2019.

It said the Oil and Gas and Manufacturing segments got credit assignment of N3.49 trillion and N2.23 trillion separately to record the most noteworthy acknowledge designation as at the period under audit. Likewise, the total number of staff members of the banks expanded by 0.33 percent quarter-on-quarter from 104,669 in the final quarter, 2018 to 105,017 in the first quarter, 2019.