Tag Archives: Business & Economy

  “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 ...

  “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 ...

  “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 ...

  “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 ...

  “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 ...

    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 ...

  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 ...

  “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 ...

  “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 | ...

  “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 ...