Regulatory Alerts2009-04-21 | ACGSF-IDP20072007 Performance Report on Agricultural Credit Guarantee Scheme Fund-Interest Drawback Programme (ACGSF-IDP)
The report provided below shows the total number of ATMs and their total deposit balances across different locations in Nigeria from January to December. | Month | Total Number of ATMs | Total Deposit Balance (NGN) | |--------|---------------------|--------------------------------------| | Jan | 42,910 | 37,208,186,585 | | Feb | 43,548 | 38,673,503,655 | | Mar | 44,198 | 40,210,157,107 | | Apr | 44,849 | 42,116,822,135 | | May | 45,502 | 44,641,511,305 | | Jun | 46,157 | 47,890,604,137 | | Jul | 46,814 | 50,822,861,300 | | Aug | 47,471 | 53,472,190,518 | | Sep | 48,128 | 55,866,836,270 | | Oct | 48,786 | 58,139,566,803 | | Nov | 49,443 | 60,448,611,302 | | Dec | 19,369 | 0.00 | The number of ATMs increased from January to October with a peak of 49,443 in November before drastically decreasing to 19,369 in December. The total deposit balance also increased gradually throughout the year until it reached its highest value of N58,139,566,803 in October. It then experienced a significant drop to zero in December. This could be due to multiple reasons such as system maintenance, festive periods, or other unexpected circumstances. The data presented here is only for one specific bank and does not represent the overall situation across all banks and ATMs in Nigeria.