Nigerian banks hire more employees, pointing out that the sector is booming.
The National Bureau of Statistics in its latest report reported that the number of bank employees in the second quarter ended June increased by 13.67 percent, from 89,608 in the first quarter to 101,861 people.
NBS also reported that the total volume of 509,668,433 transactions for N32.90 trillion was recorded in the banking sector in the second quarter.
NBS did this in its report "Selected Banking Sector Data: Sectoral Credit Analysis, ePayment Channels and Staff Strength (Q2 2018)," published in Abuja.
According to the report, transactions with automated cashier (ATM) dominated the volume of registered transactions.
According to him, during the reporting period, 217 417 961 ATM transactions amounting to 1.1 trillion were registered.
"As for loans to the private sector, the total cost of the loan provided by the bank was N15.34 trillion in the second quarter.
"The oil and gas and manufacturing sectors received a credit allocation of N3.45 trillion and N2.02 trillion to fix the largest distribution of loans for the reporting period (NAN)