According to data published by the Nigerian Inter-Bank Settlement System (NIBSS), volume and value of POS transactions grew 46.7% y/y and 40.6% y/y to 41.3m transactions and N313.4bn respectively in Jan 2020.
While a less striking outcome than the previous month, the auction of FGN bonds by the DMO last week was still a notable success. It offered N140bn, raised N100bn (US$270m) on a competitive basis and attracted a total bid of N398bn.
The Bond Market traded on a quiet note, with bullish sentiment seen across the bond curve. We saw the most volumes on the mid-tenured maturities (2028s and 2029s) as local investors scrambled to reinvest tomorrow's maturities at attractive yields. Yields dipped by c.1bp across the benchmark bond curve.
He was a senior management employee in a medium sized insurance company and had the responsibility of managing the Human Resources Division; however, getting accounts (customers) for the company was a duty every employee was called to do.
Tony O. Elumelu, CON, has congratulated the African Development Bank (AfDB), and AfDB President Akinwumi Adesina, on their commitment to African entrepreneurship, with the disbursement of $2.5million seed capital to the AfDB-sponsored beneficiaries of the 2019 TEF Entrepreneurship Programme.
The performance of Nigeria's major equity market, the Nigerian Stock Exchange (NSE), has been patchy, good at some periods and bad at others, the Exchange's performance has closely mirrored that of the growth of the country's GDP.
The escalation of financial crime is not far behind the double-digit growth of digital payments. CredoLab's senior vice president, Tarun Kumar Kalra, says, "Rapid expansion of digital channels, exploding growth in the number and types of devices, and reduced customer face time are making financial service providers vulnerable to online fraudulent activities."