The Central Bank of Nigeria, CBN has banned banks from any transactions in virtual currencies. Director, Financial Policy and Regulation department, CBN, Mr. Kelvin Amugo, who announced the ban said it was necessitated by money laundering and terrorism financing risks…
As Nigeria gradually moves from cash-based to electronic based transactions by virtue of Central Bank of Nigeria’s (CBN) cash-lite policy, United Bank of Africa (UBA) Plc which currently has 700 branches across the country has disclosed plans to deploy 25,…
This is very novel and inventive. Get paid to send a tweet? And in Nigeria to make it better. NairaTweet.net allows you to check your tweet’s worth as defined by NairaTweet Team. Your worth is subjected to varying numbers of…
Acquisition Highlights • To inject N678bn lifeline • No longer bridge banks • Banks to be sold in three years time • To operate as national banks • Four of the eight rescued banks account for 80 percent of negative…
