Nigeria’s total number of bank accounts increased to 160.04million at the end of May 2020 from 143.19million in March, even though Coronavirus lockdown restriction imposed by government, which significantly impacted banking operations in major cities across the country, was in place during the period, findings by New Telegraph show.
According to the "Industry Customer Bank Account Data" for the months of March, April and May 2020, released by the Nigeria Interbank Settlement System (NIBSS), at the weekend, the total number of bank accounts, which stood at 143.19 million at the end of March, increased slightly to 143.38 million in April and went up to 160.04 million at the end of May. This means that the total number of bank accounts increased by 16.85million (11.8 percent) during the period.
Nigeria’s largest city, Lagos, and national capital, Abuja, had first entered lockdowns to tame the spread of Coronavirus pandemic on March 30…
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