“Higher-value contactless payments are transactions that exceed the above stated limits and shall require appropriate verification and authorisation. For these transactions, existing Know Your Customer (KYC) requirements and limits on the electronic payment channels shall apply.” PEGASUS REPORTERS, LAGOS | JUNE 30, 2023 The Central Bank of Nigeria, CBN, has placed a N50,000 daily limit on contactless payments either ...
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Analysis: Tinubu’s Presidency fuels excitement that money could flow to a nation that many had deemed uninvestible – Reuters
“The reaction is one of, ‘finally’,” said Tunde Ajileye, a partner at Lagos-based SBM Intelligence. “If this stays, then it would mean that (Tinubu) had been able to remove the two subsidies that have crippled Nigeria fiscally and monetarily for the last decade.” PEGASUS REPORTERS, LAGOS | JUNE 19, 2023 JOHANNESBURG/LONDON, June 15 (Reuters) – Nigeria’s new president, in ...
Read More »2023 Climate Change Forecast: Global Observatory of the New World Social and Economic Order; Reports Favour African Destiny.
“There should be a deliberàte roadmap to use agriculture as the new template for rural development and re-engieering of commodity boards and rapid industrialization in Nigeria. This should be outside the centralized policy through the CBN which is corruptly structured and the major cause of poverty and chronic corruption” PEGASUS REPORTERS, LAGOS | APRIL 21, 2023 Now that history ...
Read More »Economy: Nigeria’s debt to China hits $4bn (N1.8trn) as FG borrowing grew by 209.15% under President Muhammadu Buhari.
“Available data from the Debt Management Office revealed that Chinese loans make up 84.73 percent of the total amount Nigeria owes to other countries of the world. The remaining 15.27 percent is spread across France, Japan, India, and Germany” PEGASUS REPORTERS, LAGOS | APRIL 3, 2023 According to Punch Report on Monday, April 3, 2023, Nigeria’s total bilateral loans ...
Read More »Economy: Nigerian president-elect, Bola Ahmed Tinubu to introduce blockchain technology in the banking sector
“We will reform the policy to encourage the prudent use of blockchain technology in banking and finance, identity management, revenue collection, and use of crypto assets. We will establish an advisory committee to review SEC regulation on digital assets creating a more efficient and business-friendly regulatory framework.” PEGASUS REPORTERS, LAGOS | MARCH 14, 2023 Nigerian President-elect Bola Tinubu has ...
Read More »Financial Safety: Never Use Your Debit Card For These 6 Purchases – Financial Experts
You May Want T0 Opt For Cash, Credit Card, Or Another Method In Certain Circumstances! PEGASUS REPORTERS, LAGOS | FEBRUARY 16, 2023 Advances in technology have transformed the way we regularly pay for things. Now, it’s becoming increasingly more common to swipe or tap your card or smartphone when you’re settling up at the register—even for the most ...
Read More »Finance-Investments: Monieworx® Enables 3 SMEs Raise N100M In 10 Days Through Regulation Crowdfunding
Nigeria’s first Community investing by small-ticket retail investors in alternatives goes mainstream in Africa. PEGASUS REPORTERS, LAGOS | FEBRUARY 16, 2023 Alternative Finance Limited (Obelix), Nigeria’s SEC-regulated Crowdfunding Intermediary, today announced that it has fundraised N100 million from 9,324 registered small-ticket retail investors for 3 promising small and medium enterprises in just 10 days, thus successfully pioneering an alternative ...
Read More »Naira Notes Swap: NGF Accuses Adamant CBN & Deposit Banks Of “Currency Confiscation”; Urges Respect For Rule Of Law
“Oga, this is the only job I have for now. I’m not happy to charge my customers high interest but if I don’t do that, it means I have to close the business. You know that when you lose them, it’s not easy to get them back. They know that our charges are the same everywhere” she concluded” PEGASUS ...
Read More »CBN Gov. Emefiele In Aso Rock Confers With President Buhari, Reads Riot Acts To Deposit Banks
“Corporates that require cash should only be given the old N100 notes and below. Corporates must not be given the new notes…All new notes have tracking numbers to trace them back to State, Bank and Bank branches. So notes confiscated at parties and other locations can be traced back to the Bank and applicable branch” PEGASUS REPORTERS, LAGOS | ...
Read More »Economy & Business: CBN’s Credit Card Takes Off Soon
“The plan is to deliver Africa’s first central bank-driven, domestic card scheme that combines a fully domestic infrastructure with international interoperability” PEGASUS REPORTERS, LAGOS | JANUARY 23, 2023 A CREDIT card designed by the Central Bank of Nigeria (CBN) for domestic use has been scheduled for deployment, it was learnt during the week. The card is expected to compete ...
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