Cashless: PoS deals hit N726.bn in 7 months

INPETUS Reduction in charges imposed on merchants will encourage PoS adoption   The value of cashless transactions carried out on the point of sales (PoS) terminals deployed across the country has risen to N726 billion this year, New Telegraph has learnt. Investigations revealed that the transactions, which were executed between January and July this year, were executed in 72 million deals on over 120,691 PoS terminals deployed across the country. According to the latest industry data obtained from the custodian of the banking industry’s electronic payment activities data, the Nigeria…

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PoS, mobile money adoption rated low

Stakeholders in the e-payment circle have warned that the seeming slow growth of point of sales (PoS) and mobile money channels of payment could hamper attainment of 80 per cent financial inclusion target by the Central Bank of Nigeria (CBN). KUNLE AZEEZ reports  In 2011, Nigeria, through the Central Bank of Nigeria (CBN), set an ambitious target of having 80 per cent of all Nigerians financially served by 2020 by leveraging the various electronic payment platforms that have been initiated to drive the cashless economy scheme. Six years after, the…

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UEFA League: Barca eye yet another famous comeback

    Little over a month after producing the greatest comeback in Champions League history, Barcelona need another special turnaround as they face Juventus in the second leg of their quarter-final on Wednesday. Luis Enrique’s side were taken apart in the first leg in Turin, losing 3-0 to a Juve team inspired by Paulo Dybala, who scored twice. In the last 16 they became the first team ever to overturn a 4-0 deficit when they beat Paris Saint-Germain 6-1 in the return at the Camp Nou, so fans are hoping…

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Documents show Prince’s painkiller habit

  Numerous opioid painkillers were found at US singer Prince’s home shortly after his death last year, unsealed court documents show. Some of the pills discovered at Prince’s Paisley Park estate in Minnesota had prescriptions in the name of his friend and bodyguard. But the documents do not offer evidence about the source of the fentanyl that killed the singer on 21 April 2016. Medical examiners have concluded that he died from an accidental overdose. No-one has been charged over the death of the 57-year-old singer. The court documents were…

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EPL: Arsenal survive Boro scare

  Arsenal kept alive their hopes of finishing in the top four of the Premier League with a narrow victory at second-bottom Middlesbrough. A dull opening was brought to life when Alexis Sanchez’s superb free-kick gave Arsenal the lead just before the break. Middlesbrough responded soon after the restart when Alvaro Negredo volleyed in Stewart Downing’s pinpoint cross. However, Mesut Ozil secured the much-needed three points for Arsenal with a first-time strike at the near post, reports the BBC. The win – only Arsenal’s third in their past nine league…

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Dickson signs 2017 budget, education bill into law

Bayelsa State Governor, Seriake Dickson, has signed the 2017 Appropriation Budget of N243.2 billion and the Educational Development Trust Fund Amendment bills into law. It will be recalled that the governor proposed an educational trust fund bill to help the less privileged in the state acquire education. Assenting to the bills at the Government House, Yenagoa, the governor said the budget, christened “Budget of Repositioning for Consolidation,” was aimed at completing various ongoing projects in the state. Dickson, who noted that the government appropriated N111 billion for capital projects alone,…

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Sustained development for Etche

As at May 29, 2015 when the good people of Rivers State rightly expelled the All Progressives Congress ( APC) from government, the people of Etche Ethnic Nationality were one of the most neglected communities. They were denied developmental projects, appointments and respect from their own state government. Due to no fault of theirs, they were degraded to second class citizens in a state where they served as food basket and also have some of the critical oil producing communities. Their situation was worsened by the fact that Etche APC…

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Ekiti guber aspirant preaches unity among APC members

Ahead of the 2018 governorship election in Ekiti State, an aspirant, Mr. Yinka Akerele, yesterday advised members and leaders of the opposition party in the state, the All Progressives Congress (APC), to close ranks and ensure the party’s victory at the poll. According to him, the mission of taking over power from those he described as usurpers must dwarf other tendencies among the party members. He added that they needed to remain united until APC records success democratically. He spoke when he visited the party’s secretariat where he officially notified…

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Karamajiji: A forgotten beggars’ colony

Some years ago, the then Minister of the Federal Capital Territory Administration (FCTA), Nasir el-Rufai considered beggars a nuisance on the streets of Abuja and decided to forcefully evacuate them to a “special location”. The idea was to give Abuja, the Capital City, a facelift. However, many years after, the vision appears to have been derailed. CALEB ONWE reports     Karamajiji, a sprawling ghetto is home to both Gwari aborigines and other tribes, especially, low income earners. It is hidden right behind the National Military Cemetery, a few metres…

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