Banks Recorded N263.78trn e-transactions In Q2 – NBS


Total volume of 2,160,436,659 transactions valued at N263.78tn were recorded in the first six months of 2020 as data on electronic payment channels in the Nigeria banking sector show. The National Bureau of Statistics disclosed this in its ‘Selected banking sector data’ report for the second quarter which was released on Wednesday. In the report, online transfer transactions dominated the volume of transactions recorded. The NBS disclosed that 1,317,621,686 volume of online transfer transactions valued at N72.25tn were recorded in Q2 2020. In terms of credit to private sector, the…

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