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Nairaland Forum / Nairaland / General / Business / About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC (35127 Views)
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Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Peemonny(m): 7:04pm On Oct 31, 2021 |
Big lie, believe this at Ur own discretion rich men don't want u to know de have money nonsense |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by dheaven: 7:04pm On Oct 31, 2021 |
Asour:You brought it down to a lay man understanding. That's very good. Meaning about 800,000 bank accounts still have above 500k in their accounts. Some accounts may be reading in millions and billions. Anywhere in the world it's just a few people that are millionaire's. 2 Likes 1 Share |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by seyz91(m): 7:04pm On Oct 31, 2021 |
PrinceOfLagos: |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by seyz91(m): 7:05pm On Oct 31, 2021 |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by seyz91(m): 7:05pm On Oct 31, 2021 |
CUMIN: |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by joshmee4real(m): 7:05pm On Oct 31, 2021 |
Dont be deceived . Hustle o People get Maney for this country o. Them no put am for bank |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Newboss(m): 7:07pm On Oct 31, 2021 |
Esseite: They didn't say those guys don't have house. You can build a house without being a millionaire. |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Nobody: 7:08pm On Oct 31, 2021 |
Asour: We are not saying the same thing. Are you considering the fact that 1 person might have 6 accounts in different accounts with significant amounts of money in them. For instance, Some people might have 10k in one account and 500k in another account |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by KoshCAD: 7:08pm On Oct 31, 2021 |
SarkinYarki: |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by CUMIN: 7:08pm On Oct 31, 2021 |
Incognito403:If the minimum wage is 30k 30x12= 360k. The average salary in private sector is 50k 50x12 = 600k. Even if you're save 10% of any of the above you can only get to 500k in 4years. The statistics is very right. |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Sleekfingers: 7:10pm On Oct 31, 2021 |
TheRareGem1: That means less than 200 thousand of nigerians are ones having more than 500, 000 naira in accounts abi? Make una continue |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Reference(m): 7:12pm On Oct 31, 2021 |
klonboi: The widespread poverty ravaging Nigeria is a stark reality. |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by KoshCAD: 7:17pm On Oct 31, 2021 |
PrinceOfLagos:Mumu number1 |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Boniwhite: 7:18pm On Oct 31, 2021 |
PrinceOfLagos:wic side u base? |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Asour: 7:19pm On Oct 31, 2021 |
thebosstrevor1: That makes it even worse. Meaning if they use unique account names i.e. BVNs, much smaller % than 0.6% would have 500k & above. I assumed a more optimistic estimate of 1 account pers person which I know is not true. It's much worse with BVN. |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by badman007(m): 7:21pm On Oct 31, 2021 |
Minimum wage is 30,000 Do they expect people to steal? Average salary in UK is £23,000Yearly (Depends on where you live) multiply that 16.6x. I don’t think you’d find up to 10% of that in UK. |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Newboss(m): 7:23pm On Oct 31, 2021 |
Financial illiteracy is written all over this thread. How much should they have in the bank accounts? Over 500k? So you will stack up millions in your bank account instead of using that 150k to further develop your land or even buy that new crypto? Sqiud coin cryptocurrency went up 40000% in less than a month of being launched. If you bought 100k Naira worth of Squid coin cryptocurrency, your asset would be worth at least 40m Naira. Only financial illiterates leave millions in bank accounts except for business purposes. Who you wan impress with your bank account balance? No one even knows your balance sef. Many people have less than 100k in their bank accounts but millions of Naira pass through their bank account every month. Mumu man, invest! 1 Like |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Gentlerespect76: 7:25pm On Oct 31, 2021 |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Kay25(m): 7:25pm On Oct 31, 2021 |
PrinceOfLagos:make chine du come stay for lagos for 1 month if him pocket no go go down ..can u compare lagos life to aba's life?yes I know things are expensive too in aba but u can live with the little u have in aba very well than lagos.. 1 Like 1 Share |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by EMIOMOADEOYE: 7:28pm On Oct 31, 2021 |
I think we are all missing the point here. The real question we should be asking is that what are 99.4% of Nigerians doing with their money. It tells me Nigerians are moving their money somewhere else.\ Its not logical that the entire nation will have les than 500k in their account. Besides, these figures is merely an average. I know about 10 people near me who have way more than that. And they are very ordinary people. |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by pfadom: 7:30pm On Oct 31, 2021 |
So about 1.2 million Nigerians control the millions and billions. O Lord, elevate me to the next level. |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Blackdisciple(m): 7:35pm On Oct 31, 2021 |
Omohhhh...! Hmmmm... Were is Nigeria heading to..?? |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Fortune109: 7:42pm On Oct 31, 2021 |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by thesicilian: 7:42pm On Oct 31, 2021 |
Bifwoli:So can cash and real estate. The key is decision making intelligence |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Nobody: 7:44pm On Oct 31, 2021 |
Wrong headline and most idiots didn't even read the article. You can tell that nairaland is full of idiots. 2 Likes |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by meobizy(f): 7:44pm On Oct 31, 2021 |
Yet when I say millionaire no dey Nairaland, idiots here would type incendiary epistles as if they get paid for them. Thank God I'm part of the .6%. |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Nobody: 7:49pm On Oct 31, 2021 |
Asour: Take for instance, if one person has 6 account with each account having 200k isnt that 1.2 million. Apparently, there are lot of Nigerians with the example i wrote. |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by manee2(m): 7:54pm On Oct 31, 2021 |
PrinceOfLagos: 1 Like
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Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Kfg1: 7:56pm On Oct 31, 2021 |
Elshaddai |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by tibatobi: 7:57pm On Oct 31, 2021 |
Why do you expect me to live my money in Nigeria banks that will end up deducting it to the last kobo,be like NDIC dey mad.... 1 Like |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Pennywise(m): 8:01pm On Oct 31, 2021 |
How come Nigerians are able to drive net purchases exceeding that of any other African nation |
Re: About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC by Lxc1: 8:09pm On Oct 31, 2021 |
Really |
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