By Flowerbud News The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to ensure efficient cash disbursement to the general public over-the-counter and through Automated Teller Machines (ATMs). The directive is contained in a statement jointly signed by CBN’s Acting Director, Currency Operations, Muhammed Olayemi, and ActingContinue Reading
The federal government has commenced N50 electronic levy deductions from transactions of N10,000 and above made by users of financial technology (Fintech) companies, including Opay, Moniepoint, Kuda, and others. The levy, called Electronic Money Transfer Levy (EMTL), introduced under the Finance Act 2020, places a singular and one-off levyContinue Reading
By Flowerbud News The Federal Competition and Consumer Protection Commission (FCCPC), has inaugurated a major inquiry into widespread consumer complaints against leading players in the banking, telecommunications, and aviation sectors. A statement issued by Mr Ondaje Ijagwu, the Director Corporate Affairs of the Commission on Sunday in Abuja, said itContinue Reading
By Rukayat Adeyemi The Certified Pension Institute of Nigeria (CPIN) on Thursday inducted 23 professionals as fellows of the institute and nine others as associates. The President/Chairman of the institute, Alh. Umaru Kwairanga, at the investiture of the inductees in Lagos, charged the inductees to be good ambassadors of theContinue Reading
Oyo State Government breaks down 2025 Budget Proposal By Adewale Owoade. Oyo State Government has given a breakdown and highlights of the 2025 Budget Proposal presented by Gov. Seyi Makinde to the House of Assembly. The Commissioner for Budget & Economic Planning, Prof. Musibau Babatunde, gave the breakdown and highlights,Continue Reading
By Rukayat Adeyemi Woven Finance Ltd., an innovator in the fintech space, on Friday, unveiled its upgraded brand identity and platform. Mr Collins Obafemi, CEO, Woven Finance, during the company’s brand refresh and Lifestyle Expo held in Lagos, said that the rebranding and platform enhancement aim to further solidify theContinue Reading
By Taiye Olayemi AiDO Network International, a Non-Governmental Organisation (NGO), has urged Africans at home and in the diaspora to leverage technology to improve Intra-African trade. Paul Egenda, Global President, AIDO Network International, made the call during the NGO’s sixth Annual International Convention and Royal Summit, held in Lagos. TheContinue Reading
By Taiye Olayemi AiDO Network International, a Non-Governmental Organisation (NGO), has unveiled plans to empower Africans engaged in Small and Medium Scale Enterprises (SMEs) with a special innovative funding. Martin Weightman, Human Rights and Interfaith Director at AiDO, disclosed this on Tuesday during the sixth Annual International Convention and RoyalContinue Reading
Flowerbud News The Federal Government has commenced the disbursement of N75 billion single digit loan to Micro, Small and Medium Enterprises (MSMEs) through the Bank of Industry (BOI). Mr Tola Adekunle-Johnson, the Senior Special Assistant to the President on Job Creation and MSMEs, made this known in Abuja at aContinue Reading
