The total value of credit allocated by the bank stood at N17.19trn as at Q4 2019 from N16.3 trillion in the third quarter of 2019.
The breakdown of the sectoral credit shows that Oil & Gas and Manufacturing sectors got credit allocation of N3.42trn and N2.62trn to record the highest credit allocation as at the period under review.
A total volume of 893,681,888 transactions valued at N48.54trn were recorded in Q4 2019 as data on Electronic Payment Channels in the Nigeria Banking Sector revealed.
NIBSS Instant Payments (NIP) transactions dominated the volume of transactions recorded. 342,636,006 volume of NIP transactions valued at N29.69trn were recorded in Q4 2019.
As at Q4 2019, the total number of banks’ staff increased by 2.14% QoQ from 101,435 in Q3 2019 to 103,610.
Hope Moses-Ashike
Hope Moses-Ashike
Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks.
She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings.
Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.
