service

CBN Revokes Licenses of Seven Payment Service Providers, One Switch Provider

The Central Bank of Nigeria (CBN) has revoked the licenses of seven Payment Service Providers (PSPs) and one switch service provider, following their inability to meet up with key statutory obligations. According to an official gazette obtained from CBN’s official website, the affected PSPs include: Transaction Processing System (TPS), Easifuel Limited, Paymaster Limited, Grand Towers…

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FG Inaugurates Ad-Hoc Committee To Halt Malnutrition In The Country

The Nigerian government has announced the inauguration of an ad-hoc Technical Advisory Group to support the implementation of the 5-year National Multi-Sectoral Plan of Action on Nutrition (NMPAN). The announcement which was disclosed in a statement by Laolu Akande noted that Vice President Yemi Osinbajo formed the group earlier in the week after consulting with…

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Leaders Lagos

Lagos Govt, Christian Leaders Disagree Over Crossover Services

Leaders of Christian Association of Nigeria (CAN), Lagos branch has declared that they will disregard the words of Lagos State Governor Babajide Sanwo-Olu last Thursday cancelling the annual crossover services in churches across the state. Traditionally, churches worldwide hold crossover services on December 31, every year to usher in the New Year. And Lagos state…

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michael jackson

Michael Jackson’s Famous Neverland Ranch Sold for 22 Million Dollars

Michael Jackson’s Famous Neverland Ranch Sold for 22 Million Dollars Neverland Ranch, residence of the late Pop megastar, Michael Jackson’s has been sold for 22 Million dollars. The 2,700-acre Southern California ranch was sold to Ron Burkle. Billionaire Burkle, whose networth is estimated at 1.5 billion dollars, according to Forbes magazine, was a friend of…

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CBN Orders Closure of Naira Remittances Ledgers

The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks (DMBs) to close all ‘Naira General Ledgers’ used by the lenders to remit naira to Diaspora remittances beneficiaries. Godwin Emefiele, CBN Governor made this known in a statement titled ‘Improving Remittance Inflows into Nigeria’. He stated that the Naira General Ledgers are channels whereby…

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backend

Mobile Operators Begin Backend Integration With NIMC’s Database

In view of the directive on SIM card synchronization with NIN, mobile network operators have kicked off the process of backend integration with NIMC’s database. This is designed to facilitate the process of validation and verification of digital identities, as well as speed up the enrollment processes. In a statement issued by the Association of…

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