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NBS: banking sector’s e-transaction peaks at N263.78tr From John Ofikhenua,  Abuja The National Bureau of Statistics (NBS) has said the banking sector recorded a total volume of 2,160,436,659, which amounted to N263. 73 trillion electronic payment transactions in in second quarter (Q2) of this year. In a report titled: “Selected Banking Sector Q2 2020,” the bureau  said online transfer accounted for the bulk of the volume of transactions in the period under review. It added that the sector recorded 1,317,621,686 volume of online transfer transactions, which amounted to N72.25trillion in the second quarter of this year. The NBS said the bank allocated N18.82 trillion credit to the private sector in the period under review. According to the report, while the oil and gas sector received N3.62 trillion, the manufacturing got N3.0.7 trillion, earning the highest credit allocation as at the quarter under review. The report read: “A total volume of 2,160,436,659 transacti...