More Nigerians Trust Electronic Means For Payment as Transactions Hits Over N247 Trillion in 11 Months

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Nigeria’s electronic payment (e-payment) services registered transactions of N247.43 trillion from January to November 2021, according to reports from the Nigerian Interbank Settlement System (NIBSS).

The report showed that most of the electronic transactions were done through the NIBSS Instant Payment (NIP) and Point of Sale (PoS).

NIBSS noted that N241.69 trillion worth of transaction were made via instant payment while N5.73 trillion came from PoS.

Nigerians carried out a total of 3.08 billion NIP transactions worth N241.69 trillion from January to November 2021, according to the NIBSS.

In the 11-month period, the overall volume of PoStransactions was 883.29 million, totaling N5.73 trillion.

In January, a total of 228.76 million NIP transactions worth N18.50 trillion were completed, followed by 230.256 million transactions for N18.33 trillion in February.

In March, there were 275.04 million transactions for N22.02 billion, while in April, there were 265.12 million transactions worth N20.69 billion.

In May, there were 279.42 million transactions for N20.72 billion; in June, there were 287.02 million worth N23.12 billion; and in July, there were 294.34 million worth N22.42 billion.

In August, there were 293.99 million transactions for N22.13 billion; in September, there were 296.15 million transactions worth N23.52 billion; in October, there were 311.35 million transactions worth N24.31 billion; and in November, there were 319.93 million transactions worth N25.94 billion.

In January, 70.88 million PoS transactions worth N489.24 billion were completed; in February, 71.63 million transactions worth N468.91 billion were completed.

In March, 80.95 million transactions worth N531.38 billion were completed; and in April, 77.61 million transactions worth N507.86 billion were completed.

In May, the total number of PoS transactions increased to 79.08 million (N503.96 billion) and 81.97 million (N503.91 billion), but then declined to 81.62 million (N554.67 billion) in July and 75.55 million (N504.88 billion) in August.

In September, the number of PoS transactions increased to 87.71 million (N556.36 billion), then decreased to 91.39 million (N552.26 billion) in October, before falling to 84.92 million (N560.27 billion) in November.

Via 36ng.ng

At 90, Emir of Daura marries 20-year-old bride

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90-yr-old Emir of Daura reportedly weds 20-yr-old lady in Katsina 

The Emir of Daura, Faruk Umar Faruk, has reportedly married a 20-year-old bride, Aisha Iro Maikano.

The couple tied the knot after a brief courtship, in a low-key marriage ceremony in Katsina state on Saturday, December 11. 

DailyNigerian reports that the monarch paid N1million naira dowry to the bride, who is the daughter of a high ranking traditional title holder, Fagacin Katsina, Iro Maikano. 

According to the report, sources disclosed that the Emir has married not less than four young wives in the last six years. Another source close to the royal family said the emir divorced all his three wives recently, to pick a new four set of wives.

Bashir: The quite billionaire whose company defeated Glo, Airtel to 5G licence

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Meet Dr. Musbahu Mohammad Bashir, the man behind Mafab Communications Nigeria Limited.

His company was not well-known, neither is he very popular to many Nigerians.

However, during the billion Naira bidding for 5G licence, Mafab Communications a less than two-year-old company pushed MTN, Airtel for eight hours before coming out victorious.

Diamond In The Rough: 18-year-old bus Conductor Who Lives under Oshodi Bridge Emerges Winner of Chess, Mental Maths

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Adeoye Fawaz, an 18 year old boy who works as a bus conductor and has spent years of his life under Oshodi bridge emerged as overall champion in both chess and mental maths.

#IkoyiMarriageRegistry: In the Eyes of God, no priest, pastor or government has the power to pronounce you man and wife. -Reno Omokri

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