The National Bureau of Statistics (NBS) revealed that a total volume of 509,668,433 transactions valued at N32.90trn was recorded in the banking sector during the second quarter.
The NBS has made this known in a “Selected Banking Sector Data: Sectorial Breakdown of Credit, ePayment Channels and Staff Strength (Q2 2018)’’ report that was released in Abuja.
The report said: “In terms of credit to private sector, the total value of credit allocated by the bank stood at N15.34trillion as at the second quarter.
“Oil and Gas and Manufacturing sectors got credit allocation of N3.45trillion and N2.02trillion to record the highest credit allocation as at the period under review.
“As at the second quarter, the total number of banks staff increased by 13.67 per cent, from 89,608 in first quarter to 101,861.”