A total volume of 2,781,526,188 transactions valued at N319.99trn was recorded in the third quarter of this year based on data on electronic payment channels in the Nigeria banking sector, the Nigerian Bureau of Statistics has said. It disclosed this in its latest Selected Banking Sector Data which focused on sectorial breakdown of credit, e-payment channels and staff strength of Deposit Money Banks. The bureau said Real Time Gross Settlement transfers dominated the volume of transactions recorded. RTGS systems are specialist funds transfer systems where the transfer of money or securities takes place from one bank to any other bank on a real-time and on a gross basis. The NBS said 1,799,199 volume of online transfer transactions valued at N116.06trn were recorded in Q3 2020. In terms of c...
After one of his closest aides tested positive for COVID-19, Lagos State Governor, Mr. Babajide Sanwo-Olu, has gone into self-isolation immediately. Professor Akin Abayomi, the state’s Commissioner for Health, in a statement Friday, said: “Mr. Governor and other members of his team will be tested by the Lagos State biobank today but will remain in isolation until the results of the tests are available. “We are seeing slightly increasing number of COVID-19 positive cases in clusters in Lagos and all Lagosians should adhere to the prescribed advisories of safe distancing, good hand and respiratory hygiene and avoidance of unnecessary gatherings.” He stressed that “this is not the first time Mr. Governor is having the COVID-19 test. He has had at least three since May when he announced that 1...
Jurgen Klopp admits he may have changed his mind about the need for VAR in football, after another incident-filled match for his Liverpool side in the Champions League. The Reds’ 1-1 draw with Danish champions FC Midtjylland on Wednesday saw a number of interventions from the video assistant referee. First Midtjylland were awarded a penalty for a foul by Liverpool goalkeeper Caoimhin Kelleher on Anders Dreyer. The forward had initially been flagged offside by the assistant referee but replays showed, eventually at least, that he had been onside, though there was a lengthy delay as the referee headed to the pitchside monitor to rule on Kelleher’s subsequent challenge. Andreas Scholz converted from the spot to equalise for the home side after Mohamed Salah had opened the scoring. There was m...
The Executive Secretary/CEO Lagos State Security Trust Fund (LSSTF), Mr Abdurrazaq Balogun, has blamed the rising crime across Lagos in the past weeks to the damage done to police assets and the number of lethal weapons in the possession of non-state actors. Balogun disclosed this during the 14th Town Hall Meeting on security, organised by the LSSTF, with the theme, “Lagos security: Resilience in the face of adversity,” held at the Civic Centre, Victoria Island. Balogun noted that an estimated 80 per cent of the operational vehicles used by the police in the last 13 years were donations from the LSSTF. Balogun observed that there was a decline in donations to the fund, which has been dismal compared to what it had received in the previous years, a challenge he attributed to the outbreak of...
Israeli police on Friday arrested a man for trying to set fire to an east Jerusalem church by the Garden of Gethsemane, the site revered by Christians as the place where Jesus prayed before he was crucified. The 49-year-old Israeli suspect poured flammable liquid inside the Church of All Nations, police spokesman Micky Rosenfeld said. The man then set it alight, a separate police statement said, before the church guard detained him. “Preliminary investigation and the suspect’s details strengthen the assessment that the background to the incident was criminal,” police said, suggesting investigators believed it was not a hate crime. Reuters pictures showed a charred bench and a small blackened portion of the mosaic floor of the Catholic church, which overlooks Jerusalem’s walled Old City. “T...
U.S. slams China over Jimmy Lai’s trial
U.S. State Secretary Michael Pompeo has slammed China for charging Hong Kong media mogul, Jimmy Lai, under the draconian National Security Law and demanded that charges must be dropped. Pompeo further accused the Chinese Communist Party of its authoritarian rule and said that China was making a mockery of justice in the region. “Hong Kong’s National Security Law makes a mockery of justice. @JimmyLaiApple’s only “crime” is speaking the truth about the Chinese Communist Party’s authoritarianism and fear of freedom. “Charges should be dropped and he should be released immediately,” Pompeo tweeted. Jimmy is set to appear in West Kowloon Court on Saturday after being charged with colluding with foreign powers under the Beijing-imposed national security law. The offence carries a maximum penalty...