In light of the ongoing investigation into the activities of the Central Bank of Nigeria (CBN), all senior officials of the Central Bank are being interviewed by the DSS and the appointed special investigator. The deputy governors are not exempt from this exercise and have all been called upon to […]
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Bamboo, Nairabet, Abokifx: CBN Unfreezes Bank Accounts Of 440 Persons, Companies
The Central Bank of Nigeria (CBN) has asked banks to vacate a post-no-debit restriction placed on the bank accounts of 440 individuals and companies.A post-no-debit means that all debit transactions, including ATMs and cheques, on the accounts, have been blocked but can receive inflows. The circular, signed by A.M. Barau […]
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FCCPC delists three Digital Money Lenders, asks Google to permanently delete Apps
Federal Competition & Consumer Protection Commission, FCCPC has permanently delisted Sycamore Integrated, Orange Loan and Purple Credit as approved Digital Mobile Lenders. Babatunde Irukera, the Executive Vice Chairman of FCCPC, disclosed this in a statement on Thursday. DAILY POST recalls that FCCPC vowed to delist and remove from Google DMLs […]
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TransferGo commits to empowering African migrants with tech skills
TransferGo, one of the world’s fastest growing money transfer companies, today announces its partnership with High Impact Careers, the tech and career development company, helping them further support African migrants living and working in Europe. In this collaborative partnership, TransferGo will sponsor African youths looking to gain tech skills on […]
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Payday secures $3m seed round to drive expansion
Payday, a leading pan-African neobank issuing global accounts to Africans, has announced a US$3 million seed round to power its expansion into Europe and North America. Launched in June 2021 by Favour Ori, Payday was developed to support African remote workers, freelancers and digital professionals with frictionless, borderless payments, enabling global payment […]
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Senate Confirms Aishah Ahmad, Edward Adamu for Second Term as CBN Deputy Governors
The senate has confirmed Mrs Aishah Ahmad, Deputy Governor, Financial System Stability, Central Bank of Nigeria and Edward Adamu, Deputy Governor, Corporate Services, Central Bank of Nigeria for second and final terms in office. The confirmation of second terms came a few days after they were screened by the senate […]
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Ahmad, Lametek get Presidential nod as Deputy Governors, CBN for Second Term
President Muhammadu Buhari has reappointed Mrs. Aishah Ndanusa Ahmad, Deputy Governor, Financial System Stability, Central Bank of Nigeria and Edward Lametek Adamu, Deputy Governor, Corporate Services, Central Bank of Nigeria to serve second terms at the apex bank. In a letter read by Senate President Ahmad Lawan on the floor […]
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IFIC’22: NIBSS to join industry stakeholders to discuss financial inclusion
The Nigeria Inter-Bank Settlement System (NIBSS) is set to join other industry stakeholders to examine the opportunities, identify concrete solutions, and interventions that would ensure the achievement of the nation’s financial inclusion objectives at the International Financial Inclusion Conference on the 24th and 25th of November 2022 in Abuja, Nigeria. […]
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Primera MFB boosts SMEs financing with N5bn
Primera Microfinance Bank, a fully licensed and technology-driven finance institution that offers financial solutions to businesses and individuals said it has extended over N5bn financing to Small and Medium Scale Enterprises in 2022. In a statement, the bank said it accomplished the feat by strategically targeting key growth sectors in […]
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SFS Capital launches fund mobile app to aid easy access to investment to every Nigerian with a smartphone
SFS Capital Nigeria Limited, an investment management firm with over N100 billion in assets under management, has launched the ‘SFS Fund Mobile App’ to make safe and high-yield investing accessible to every Nigerian with a smartphone. The SFS Fund Mobile App comes as Nigeria’s appetite for digital products grows with […]