CBN bars agents from using POS for transactions

16 Mar 2023

The Central Bank of Nigeria (CBN) has barred agents from using Point of Sale (PoS) terminals meant for merchants to carry out cash-in and cash-out transactions. The apex bank disclosed this in a circular announcing the Exposure Draft of the Regulatory Framework for Agent Banking in Nigeria. According to the CBN, the agent banking initiative […]

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Breaking: Finally! CBN Approves Old Naira Notes As Legal Tender

15 Mar 2023

Who would have guessed that the Central Bank of Nigeria (CBN) would finally agree with the Supreme Court and allow the use of old Naira notes once more?  The CBN, it appears, has finally realized that its silence will add salt to the wound caused by the scarcity of Naira notes in Nigeria.  In fact, […]

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BREAKING: Naira crisis: CBN approves use of old notes

13 Mar 2023

Prof Charles Soludo, Governor of Anambra State, confirmed on Monday that the Central Bank of Nigeria has directed commercial banks to accept and dispense old naira notes as deposits. Soludo, a former CBN governor, stated this in a statement posted on his social media accounts. He explained that the directive was issued by CBN Governor […]

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Meta set to develop Twitter-like app

12 Mar 2023

Tech giant, Meta, has kickstarted plans to give Twitter a run for its money. The parent company of several social media platforms announced that an app that will have similar features to the microblogging site is in the works. In a statement shared with Reuters, a Meta spokesperson said, “We’re exploring a standalone decentralised social […]

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Stock up your house, imo will soon go on indefinite strike- NLC tells residents

12 Mar 2023

The Nigeria Labour Congress (NLC) has urged Imo State residents to stock up their homes with basic needs to survive as the Union prepares for an indefinite strike. President of NLC, Joe Ajaero revealed this in a statement. Ajaero said the state government has deliberately terrorized residents through some negative actions of some operatives who […]

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Jesus no buy jet oo- Reactions as Pastor E.A. Adeboye recounts encounter with EFCC over purchased jet

11 Mar 2023

Pastor Enoch Adeboye of The Redeemed Christian Church of God, RCCG, has recounted his encounter with the Economic and Financial Crimes Commission, EFCC, after he bought a private. Adeboye said EFCC officials came after him following the purchase of a private jet. Addressing his members at the church’s headquarters, Adeboye said he returned to God […]

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Man who couldn’t speak until he was 11 becomes Cambridge University’s youngest-ever Black professor

10 Mar 2023

Jason Arday, a 37-year-old sociologist who couldn’t speak until the age of 11, has become Cambridge University’s youngest-ever Black professor. Jason, who couldn’t read or write until he was 18, was reportedly written off by specialists when he was just three years old after being diagnosed with autism spectrum disorder and a global developmental delay. […]

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“Na why UBA no get network be this”- reactions as Tinubu visits Tony Elumelu

10 Mar 2023

Nigerian billionaire Tony Elumelu received President-elect Bola Ahmed Tinubu at his home in Lagos, to discuss diverse ways to support and empower Nigerian youths. The business mogul disclosed this development after he shared pictures of the president’s visit to his home on his Instagram page. He captioned the pictures thus: “Last night, I was honoured […]

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Banks begin to pay out old N500 and N1,000 notes

07 Mar 2023

Following the Supreme Court’s decision to extend the validity of the Central Bank of Nigeria’s currency redesign policy until December 31, some banks across the country have begun issuing old N500 and N1,000 notes to customers. Guaranty Trust Bank, Polaris Bank, and other banks confirmed on Monday that they were still dispensing the old notes […]

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