Change your money mindset, change in your finances

Change your money mindset, change in your finances

They way we think about money drives our spending decisions. Our current money mindset is producing the results we are experiencing today. Until we change More »

Best ways to open bank accounts for your kids

Best ways to open bank accounts for your kids

Parents are pleased to watch the excitement on their children’s faces when they take them out to amusement parks and other places of fun on More »

How to apply for bank loan online

How to apply for bank loan online

Some banks give you the option to apply for a loan online and the application process is usually fast and simple, www.sainsburysbank.co.uk, has said Rather More »

*Moneymistakes: Not paying attention where your money is going

*Moneymistakes: Not paying attention where your money is going

Your money is going somewhere whether you are paying attention or not. You better be paying attention where your money is going if you want More »

Election anxiety weighs in on import, export activities

Election anxiety weighs in on import, export activities

As the political intrigues linger, import and export activities at the nation’s gateways have significantly reduced owing to the uncertainty trailing the polity at this More »

Three ways to earn interest on your personal account

Three ways to earn interest on your personal account

Jumoke Alabi has three different accounts with a bank. She has a current, savings and a special account, which is one of the innovations from More »

 

FG earns N1.1tn from VAT, recovers N33bn from defaulters

The National Bureau of Statistics has said that the country generated a total of N1.1tn as Value Added Tax revenue in the 2018 fiscal period.

Change your money mindset, change in your finances

Change your money mindset, change in your finances

They way we think about money drives our spending decisions. Our current money mindset is producing the results we are experiencing today. Until we change

Best ways to open bank accounts for your kids

Best ways to open bank accounts for your kids

Parents are pleased to watch the excitement on their children’s faces when they take them out to amusement parks and other places of fun on

How to apply for bank loan online

How to apply for bank loan online

Some banks give you the option to apply for a loan online and the application process is usually fast and simple, www.sainsburysbank.co.uk, has said Rather

#MoneyMistakes: Buying sports accessories when the activity is not a habit

What do we do anytime we decide to start a new activity or hobby? Go shopping to buy the accessories we think we need to

The problem with working for money

The problem with working for money

Working for money shows lack of vision The problem with working for money is that you can easily forget where you are going. Have you

#MoneyMistakes: Increasing your spending when income goes up

Increasing your spending when income goes up

The average person thinks their income is not enough to meet their expenses. They need more money to spend. That is exactly what happens when

What do you need money for?

What do you need money for?

We are know that we need money. There is no debate about that. Some may try to convince themselves that money is not important. There

*Moneymistakes: Not paying attention where your money is going

Not paying attention where your money is going

Your money is going somewhere whether you are paying attention or not. You better be paying attention where your money is going if you want

Banks loans to private sector dropped by N455bn to N15.1tn

The total credit from banks to the economy recorded a decline of N455bn from N15.58tn as of the end of the third quarter of last year to N15.1tn in the fourth quarter. This is contained in the banking sector report released by the National Bureau of Statistics on Tuesday. The NBS in the report also said the total number of members of staff in banks increased by 1.8 per cent from 102,821 in the third quarter of 2018 to 104,669 in the fourth quarter. It said during the fourth quarter of last year, the sector recorded 616,528,697 transactions valued at N39.15tn through electronic payment confirmation. The report stated that the Nigeria Interbank Settlement System Instant Payments transactions dominated the volume of transactions as it recorded 228,209,423 transactions valued at N23.57tn during the fourth quarter of last year. A breakdown of credit to the private sector showed that oil and gas with N3.55tn received the highest credit allocation during the period under review. This was followed by the manufacturing sector with total loans of N2.23tn. It read in part, “In terms of credit to the private sector, the total value of credit allocated by the banks stood at N15.13tn as at Q4, 2018. “Oil and gas and manufacturing sectors got credit allocation of N3.55tn and N2.23tn to record the highest credit allocation as at the period under review. “As at Q4, 2018, the total number of banks’ members of staff increased by 1.80 per cent quarter on quarter from 102,821in Q3 2018 to 104,669.” READ ALSO: ASUU chair demands N200m from AAU for sexual harassment allegation Based on the analysis of the report, the agricultural sector received N610.14bn, power and energy, N403.37bn; construction, N614.5bn; trade and general commerce, N1.07tn; while credit to the government was put at N1.36tn. In the same vein, the real estate sector received a total loan of N622.77bn; finance, insurance and capital market, N1.1tn; education, N57.25bn; Information and Communications Technology N545.49bn; transportation and storage, N289.85bn; while other sectors got N339.73bn.

The total credit from banks to the economy recorded a decline of N455bn from N15.58tn as of the end of the third quarter of last

Election anxiety weighs in on import, export activities

Election anxiety weighs in on import, export activities

As the political intrigues linger, import and export activities at the nation’s gateways have significantly reduced owing to the uncertainty trailing the polity at this

ATM transactions hit N39.15trn in Q4, 2018 —NBS

The National Bureau of Statistics said Automated Teller Machine from selected banks across the country recorded transactions valued at N39.15 trillion in the fourth quarter

Three ways to earn interest on your personal account

Three ways to earn interest on your personal account

Jumoke Alabi has three different accounts with a bank. She has a current, savings and a special account, which is one of the innovations from

Making banking a delight for the elderly

Making banking a delight for the elderly

While old age brings with it wisdom from the experiences of life, it can pose difficulties in certain areas such as financial management, according to www.edgeverve.com.