Headline
70m Active Mobile Line Owners Have No Bank Accounts – eTranzact
Published
2 years agoon
By
EditorThe Chief Executive Officer of eTranzact International Plc., Mr Niyi Toluwalope, has said that about 70 million active mobile line owners in Nigeria do not have bank accounts.
Toluwalope made the disclosure at the Capital Market Correspondents Association of Nigerian (CAMCAN) 2021 Annual Workshop held on Saturday in Lagos.
The eTranzact boss said that 150 million of Nigeria’s 200 million population owned mobile phone lines, 110 million owned 150 million mobile phone lines but only about 40 million had active bank verification numbers.
Toluwalope said that there was the need to close the gap, especially as regards small and medium enterprises.
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He spoke on: “Technology as a Tool for Financial Inclusion in Nigeria: A Fintech Approach”
He said that financial inclusion was important to the capital market industry.
According to Toluwalope, financial inclusion is an important component for enabling group.
He said: “Financial inclusion holds the answers to how we increase the participation of retail investors, how we encourage more homegrown businesses, leverage the capital market for growth and the informal sector participation in the capital market.
“The role of technology cannot be overemphasised.
“Over the past few years, technology has allowed more people to gain access to financial services, and that has increased by default, the customer base of capital market operators.
“Essentially, the rise of digital financial services means growth for the capital market.”
Toluwalope said that utilisation of technology would democratise capital market access and participation.
“We can directly expand the current digital savings and investments offerings to leverage the capital market for increased returns,” he said.
He added that for financial inclusion to thrive, the sector would need collaboration of players in the private and public sectors.
He noted that the Central Bank of Nigeria as well the Securites and Exchange Commission (SEC) had taken a number of steps to drive financial inclusion.
The News Agency of Nigeria (NAN) reports that the workshop had a panel session during which representatives of the Nigerian Exchange (NGX) Ltd., FMDQ Exchange, SEC and stockbrokers pledged to continue to fashion out ways to tackle ponzi scheme activities.
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The workshop was sponsored by Flour Mills of Nigeria, United Bank for Africa, Access Bank, Zenith Bank, NGX, FMDQ and SEC, among other organisations.
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Headline
Meet 17-year-old Nigerian Who Won $3.5m Worth Of Scholarships From Harvard, 13 Other Foreign Universities
Published
4 hours agoon
April 24, 2024By
EditorA 17-year-old Nigerian boy, Oluwafemi Ositade, has secured full scholarships to multiple Ivy League universities in the United States, Canada and Qatar.
The teenager, a member of the Class of 2023 of The Ambassadors College, Ota, won scholarships over $3.5 million.
Ositade’s astounding success stems from his exceptional performance in the SAT where he achieved a perfect score in Maths (800/800) and a near-perfect score of 760 out of 800 in reading and writing and his CGPA of 4.04/4.0 from college.
READ ALSO: Drama As Women Fight Dirty, Breasts Fall Out During Spring Break Outing In US [PHOTOS/VIDEO]
Nigerian boy Femi Ositade wins $3.5 million worth of scholarships from Harvard and 13 foreign universities
Ositade received 14 scholarships from renowned institutions nine of which are full ride scholarships (covering tuition, accommodation, allowance and all other student’s expenses).
The universities that have given scholarship offers to Ositade are Harvard University, Brown University, Duke University, University of Toronto Lester B Pearson Scholarship, Wesleyan University, Carnegie Mellon University in Qatar, University of Miami, Howard University, Stetson University, Fisk University, University of Toronto, Mississauga Campus, University of Toronto St. George Campus, University of Toronto, Scarborough Campus and Drexel University.
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In the Unified Tertiary Matriculation Examination (UTME), he got a score of 358, and was ranked as the second best in Nigeria for the year 2023.
Also, in the 2023 West African Senior School Certificate Examination (WASSCE), Ositade got eight A’s and one B2.
He wants to pursue a degree in Computational Physics, due to his passion for Quantum Computing and Mathematics.
Headline
Drama As Women Fight Dirty, Breasts Fall Out During Spring Break Outing In US [PHOTOS/VIDEO]
Published
5 hours agoon
April 23, 2024By
EditorShocking videos captured during Spring Break shows topless women fighting on a popular US beach.
The Orange Crush is a college spring break party on Tybee Island in Savannah, Georgia.
The party has been hosted annually in April for almost 30 years since Savannah State University opened.
READ ALSO: Woman Reveals Secret To Longevity As She Celebrates 106th Birthday
This year’s event was chaotic. Videos have been shared on social media showing the carnage unfolding.
One video showed several bikini-clad women fighting on the beach’s boardwalk. They were filmed punching and scratching each other so violently that some of their tops flew off.
During the two-and-half minutes of chaotic footage, several women experienced their tops being forcibly lowered or displaced.
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Some stopped fighting momentarily to adjust their clothing, while one individual, clad in a green swimsuit, persisted in the altercation even after her breasts were exposed.
Watch videos from the scene below.
No Peace at Savannah’s Orange Crush as Women Brawl Breakout Over The Weekend At Spring Break Event pic.twitter.com/cmfIZS7KQC
— SHO’NUFF (@IAMSHO_NUFF) April 22, 2024
Headline
Video Of Girl Being Bullied, Slapped At Lead British School Sparks Outrage Online [PHOTOS/VIDEO]
Published
6 hours agoon
April 23, 2024By
EditorVideos of female students bullying a lone female student at Lead British School, Abuja, has sparked outrage online.
In videos shared online, female students, dressed in school uniform, are seen slapping one female student identified as Namtira.
“What’s the boy’s name?” they asked as they confronted her and slapped her across both cheeks.
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Heartbreaking video shows girl being bullied and slapped by other students at Lead British School (videos)
Another video shows one of the bullies, identified as Maryam, asking, “Who broke my heart?” repeatedly as she slapped Namtira.
She then warned “don’t touch my hand” as Namtira tried to protect herself from the slaps.
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Afterwards, Namtira stopped trying to prevent the slaps and calmly took them.
Students in the background are heard claiming Namtira “snatched” someone as they confronted her.
Namtira Bwala, said to be the daughter of author Daniel Bwala, did not retaliate as they hit her.
Heartbreaking video shows girl being bullied and slapped by other students at Lead British School (videos)
The video has sparked outrage and led to the hashtag #JusticeForNamtira.
This video is very triggering and painful to watch.
Apparently the bullied student at Lead British School Abuja is Namtira Bwala not Maryam.#JusticeForNamtira #LeadBritishSchool pic.twitter.com/RD63uTS3kz— IHUOMA (@officialIhuoma) April 23, 2024
Meet 17-year-old Nigerian Who Won $3.5m Worth Of Scholarships From Harvard, 13 Other Foreign Universities
Drama As Women Fight Dirty, Breasts Fall Out During Spring Break Outing In US [PHOTOS/VIDEO]
Video Of Girl Being Bullied, Slapped At Lead British School Sparks Outrage Online [PHOTOS/VIDEO]
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