N39.15trn worth of transactions carried out on ATMs in Q4 2018

A total of transactions worth N39.15 trillion were carried out in the fourth quarter of 2018 in Nigeria, the National Bureau of Statistics (NBS) has said.

This was disclosed in the ‘Selected Banking Sector Data’ posted on the bureau’s website on Wednesday.

The N39.15 trillion transactions were derived from 616,528,697 transactions recorded as data on “Electronic Payment Channels in the Nigeria Banking Sector” during the period.

The NBS further disclosed that NIBSS Instant Payments transactions dominated the volume of transactions recorded in the quarter.

The report further showed that 228, 209, 423 NIP transactions valued at N23.57 trillion were recorded in the quarter under review.