About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC - Business (3) - Nairaland
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| Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Ogaboss44(m): 5:27pm On Oct 31, 2021 |
Nigerians and misinterpretation, not having up to 500k in your bank account doesn't mean you are poor. Some Nigerians prefer mobile banks, some are into crypto investment like block chain, while some prefer street ways of saving money(if you know what I mean) 8 Likes |
| Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by CocoaOla: 5:27pm On Oct 31, 2021 |
Inflations So that means If deposit 2million and the bank liquidate I will only receive 500k Nigeria system is fraudulent the bank are poor legal criminal living large on people Money 2 Likes |
| Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Elonmuzk(m): 5:27pm On Oct 31, 2021 |
How realistic is that? How about all the politicians and wealthy Nigerians. Where do they keep their |
| Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by salford: 5:28pm On Oct 31, 2021 |
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| Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Luckydubby7(m): 5:28pm On Oct 31, 2021 |
Hmm Terrible situation we found ourselves in Nigeria 1 Like |
| Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by 36STATES: 5:29pm On Oct 31, 2021 |
It used to be about 60% before evil buhari came to power. He has dragged everyone to alamajir levels. 4 Likes |
| Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Jostoman: 5:30pm On Oct 31, 2021 |
So because you people have our NIN now you now decided to check our bank account balance without taking permission from us. 5 Likes |
| Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by lokoloko84(m): 5:30pm On Oct 31, 2021 |
This is common sense now. The people are barely existing and you want them to save. People that spend more than half of their bills on feeding talkless of other spendings like utilities will rarely save. Tell your useless government to do the basics. 6 Likes |
| Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by donPhill(m): 5:32pm On Oct 31, 2021 |
I am chiefly one. my four bank accounts have a commulative balance of 73 naira 2 Likes |
| Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Nobody: 5:32pm On Oct 31, 2021 |
donPhill: And one would be wondering why the thoughts of marriage don't cross most single guys' minds these days .11 Likes |
| Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by ambale(m): 5:32pm On Oct 31, 2021 |
zainabicy:Even at that it is still quite alarming, because it simply means take home are only good for consumption The report says the average expected from each account is 500k And if you factor the fact many persons even receive #50k monthly then we need to work more ooo. Though maybe the Advent of new tech are also affecting the figures Sha But even if we add all together I don't think we can get up to 10% which makes it still very bad. 1 Like |
| Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Brushstrokes20: 5:33pm On Oct 31, 2021 |
In less than 4 years, the redundant coupist made Nig the #POVERTY CAPITAL OF THE WORLD!  What the lifeless dude cannot destroy does not exist! 1 Like |
| Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Adakintroy: 5:33pm On Oct 31, 2021 |
99.4..thats like everyone na or .0.6 % has more than 500k. datas and stats are far from accurate. If you say 90 percent I go get. We're all those alaba traders co.e de out money. 1 Like |
| Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by dallyemmy: 5:34pm On Oct 31, 2021 |
...it is well... |
| Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by awofodu3(m): 5:34pm On Oct 31, 2021 |
News on nairaland these past months: always more than 48hrs late! 1 Like 1 Share |
| Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Nobody: 5:35pm On Oct 31, 2021 |
The headline is misleading. What was written in the headline is different from the content. The content of the article didn't say 99.4% Of Bank accounts contain less than 500k What was written in the article was that 99.4% of Bank accounts are insured and that the N500,000 insurance coverage limit fully covered 99.4% of depositors incase any bank goes bankrupt. In my opinion That is good news. the NDIC’s maximum coverage limits is N500,000.00 per depositor per commercial, merchant and, non-interest bank, primary mortgage bank and mobile money operator and N200,000.00 per depositor per microfinance bank. What does that mean: If you have 10 naira or 75 naira in your bank account, you are insured up to 500k, once you have more than 500k in your account, if the bank goes bankrupt, you will only get insurance on your 500k. For those who have more than 500k, lets say 1 million in a single account, the best way to protect yourself is to have 2 accounts and then put the 500k in one account and 500k in another account, that way you are protected and insured by the ndic. 10 Likes |
| Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by kb9iice: 5:36pm On Oct 31, 2021 |
Elliotwaveforec: FACT!! Unfortunately the concerned stakeholders are not sensitive to it but chasing shadows 4 Likes |
| Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by anyilalaz: 5:36pm On Oct 31, 2021 |
[quote author=MondayOsunbor post=107220122] LOL Poverty capital of the world thunder fire buhari and his APC Mafia[/quopte] Amen. Amen. Ameeeeeeen |
| Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Born2Breed(f): 5:37pm On Oct 31, 2021 |
I disagree with these statistics. NDIC know they are not up to the task of ensuring depositors fund. 2 Likes |
| Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by temmypotter(m): 5:39pm On Oct 31, 2021 |
SarkinYarki: You are an aboki, that's why you fail to realize no one is keeping money in traditional banks anymore. Seek wisdom |
| Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by UncleKoboko: 5:41pm On Oct 31, 2021 |
PrinceOfLagos:U forget Osu ipób jew pigs tóo dey chestbeat? |
| Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Fcwilly: 5:41pm On Oct 31, 2021 |
Most account balance are like recharge card balance 100.68, 101.56, 23.73 1 Like 1 Share |
| Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by MrCuteking(m): 5:41pm On Oct 31, 2021 |
thesicilian: Exactly my thought! 1 Like |
| Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Geeman2006: 5:42pm On Oct 31, 2021 |
zainabicy: True.. Also Many Nigerians are looking for ways to store their money in foreign currency to beat this crazy inflation. 1 Like |
| Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Valuc: 5:42pm On Oct 31, 2021 |
And una dey believe dis mumu talk.. so na just . 6% get upto 500k for account in nigeria |
| Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by chatinent: 5:42pm On Oct 31, 2021 |
You cannot be paying rents in Lagos and call yourself rich. 2 Likes |
| Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by bizzibodi(m): 5:42pm On Oct 31, 2021 |
For an imbecilic giant that has been selling crude oil for over 60yrs her common citizens has nothing to show for it. |
| Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Enceladus(m): 5:45pm On Oct 31, 2021 |
SmartPolician: They drink tribalism like pure water on this platform. I don't know what tribalism gives to bitter people that engages in it. 3 Likes |
| Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Tinax(f): 5:45pm On Oct 31, 2021 |
Thank God account balance no de show for face 1 Like |
| Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Otunski: 5:45pm On Oct 31, 2021 |
Buhari and APC only came to steal, to kill and to destroy. Satanic agenda and nothing more. They have succeeded in improverishing Nigerians. Now they are strategizing on how to Continue in 2023. Nigerians should use their sense and reject them and PDP . We have credible and capable Nigerians across the length and breadth of this country all they want is our votes. 1 Like |
| Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Sheriman(m): 5:46pm On Oct 31, 2021 |
Let leave empty bank account aside for now let talk about our environment, our individual houses we live, cars use by Nigerians for those who can afford, electronic gadgets we use in our various houses, our schools, our hospitals, clothes we wear a lot of Nigerians can't afford to buy new designer clothes, our food we eat while some people can't even eat 3 times a day, How many times have we gone for shopping, for holidays to another part of our country, Are we not poor?? Nigerian corrupt politicians are the only one enjoying in this country. 4 Likes |
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