FEATURED POST

Job: Nigeria, Britain partner to combat unemployment

-
Image
The Nigerian government has expressed its willingness to partner with the British Government in tackling unemployment and creating job opportunities for young persons in the country. The Minister of State for Labour and Employment, Dr Festus Keyamo, with the Political Counsellor, British High Commission, Mr Dominic Williams. PHOTO: NAN The Minister of State for  Labour  and Employment, Dr Festus Keyamo, stated this when the Political Counsellor, British High Commission, Mr Dominic Williams, paid him a courtesy visit in Abuja. “We are ready to collaborate with our partners all over the world to open up avenues for job creation. We are open to all kinds of suggestions and levels of co-operation,” he said. He disclosed that the Government has opened up other sectors as part of efforts to diversify the economy from oil, which would, in turn, create room for employment. According to him, part of the efforts of Government to diversify the economy and boost job creation...
1 comment
PropellerAds

People also read:

Gentle Soul - Mama's Prayer

-
Oluwalonikontrol Entertainment presents GENTLE SOUL who debuts with this dope jam song titled “ MAMA's-PRAYER ” which is produced by @styleebrodas This young and versatile singer “ GENTLE SOUL ” won’t disappoint when it comes to releasing steady good music for our listening pleasure as he embarks on this great journey. This new single is expected to meet positive remarks from music listeners nationwide, especially music critics. Download and Share with friends and family. God bless Y'all ✌🙏 Listen and Download ” Gentle Soul – Mama's Prayer” below:- Download Your browser does not support the audio tag. What do you think about this song? We want to hear from you all. Drop your comments
Read more

PoS transactions rise by 57% to N1.6tr in Q3’18

-


Nigerians open 4.4m bank accounts
Inactive bank accounts rise by 1.7m
By Elizabeth Adegbesan
VALUE of Point of Sale (PoS) transactions grew by 57 percent  quarter-on-quarter, QoQ, to N1.6 trillion in the third quarter of 2018, Q3’18, from N1.02 trillion in Q2’18, while    Nigerians opened 4.4 million bank accounts during same period. The new bank accounts opened during the quarter comprise 3.4 million savings accounts and 800,000 current accounts.
However, the number of inactive bank accounts rose by 1.7 million during the period.
These were highlights of the Q3’18 e-payment factsheet  released by Nigeria Interbank Settlement Systems (NIBSS) last weekend. Financial Vanguard analysis  of the NIBSS factsheet    showed that   the value of Point of Sale (PoS) transactions grew by 57 percent,    quarter-on-quarter (QoQ), to N1.6 trillion in Q3’18 from N1.02 trillion in Q2’18  while the volume of PoS transactions rose by 63 percent to 196.83 billion from 120.79 billion.
Furthermore, the value of NIBSS Instant Payment (NIP) transactions   grew by N19.95 trillion or 54 percent   to N56.85 trillion in Q3’18 from N36.90 trillion in Q2’18 while the volume of NIP transactions also rose by 63 percent to 308.41 million in Q3’18 from 192.81 million in Q2’18. The data further revealed that   the value of NIBSS Electronic Funds Transfer (NEFT) rose by 51 percent to N8.28 trillion in Q3’18 from N5.47 trillion in Q2’18 while the volume of NEFT rose by 51 percent to 16.2 million in Q3’18 from 10.7 million in Q2’18.
The data also revealed that the value of electronic bills payment (e-bills pay) increased by 42 percent to N370 billion in Q3’18 from N260 billion in Q2’18 while the volume of e-bills pay rose by 60 percent  to 800,000 in Q3’18 from 500,000 in Q2’18.
A breakdown of bank accounts opened in Q3’18 showed that the number of new savings accounts rose by 4 percent or 3.4 million to 87.3 million in Q3’18,   from 83.9 million savings accounts in Q2’18.
The number of current accounts grew by 3.0 percent or 800,000 to 25.2 million in Q3’18 from 24.4 million in Q2’18.
Further analysis also revealed that the number of active bank accounts rose by 4.0 percent to 75 million in Q3’18 from 72.3 million in Q2’18.
But the number of inactive bank accounts rose by 1.7 million or 4.0 percent to 40.8 million in Q3’18 from 39.1 million in Q2’18.

Comments

Post a Comment

POPULAR POSTS

INEC Declares Kashamu PDP Governorship Candidate In Ogun

-
Image
  Buruji Kashamu The Independent National Electoral Commission (INEC) has announced Buruji Kashamu as the governorship candidate of the Peoples Democratic Party (PDP) in Ogun state. The commission announced this in the final list of governorship candidates released on Thursday. Ladi Adebutu and Kashamu had been at loggerheads over the governorship ticket of the PDP in the state. A statement from the party:  “The PDP cautions the Chairman of the Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu, to insulate the commission from unnecessary controversies by immediately obeying the judgment of the Court of Appeal of December 18, 2018, and without further delay reflect Hon. Ladi Adebutu’s name on the ballot, in the interest of a hitch free and peaceful election in Ogun state. “The PDP states that Hon. Ladi Adebutu’s name was duly and statutorily submitted to INEC after he won the governorship primary conducted by the National Working Committee (...
Read more

Gentle Soul - Mama's Prayer

-
Image
Oluwalonikontrol Entertainment presents GENTLE SOUL who debuts with this dope jam song titled “ MAMA's-PRAYER ” which is produced by @styleebrodas This young and versatile singer “ GENTLE SOUL ” won’t disappoint when it comes to releasing steady good music for our listening pleasure as he embarks on this great journey. This new single is expected to meet positive remarks from music listeners nationwide, especially music critics. Download and Share with friends and family. God bless Y'all ✌🙏 Listen and Download ” Gentle Soul – Mama's Prayer” below:- Download Your browser does not support the audio tag. What do you think about this song? We want to hear from you all. Drop your comments
Read more

We‘re ready to meet Atiku in court — Oshiomhole

-
Image
•Says Atiku not destined to be President •We no longer take Oshiomhole serious — PDP •Don’t provoke polls losers to anger — SGF, BOSS MUSTAPHA A BUJA —  THE ruling All Progressives Congress, APC, whose candidate, President Muhammadu Buhari was declared re-elected by INEC earlier in the week has said that it is ready to meet the opposition candidate, Alhaji Atiku Abubakar in court whenever he makes good his threat to challenge the outcome of the presidential election in court. The All Progressives Congress, APC, National Publicity Secretary, Mr. Lanre Issa- Onilu; National Chairman, Adams Oshiomhole and National Treasurer, APC, Mr. Adamu Panda, during  the party’s press briefing in reaction to the Peoples Democratic Party, PDP, rejection of the just concluded presidential election in Abuja. Photo: Gbemiga Olamikan. At a news conference in Abuja yesterday, National Chairman of the APC, Comrade Adams Oshiomhole, said: “You cannot possibly deny anyone t...
Read more