LAGOS MAY 8TH (NEWSRANGERS)-There is enormous hope on the horizon for businesses in Nigeria as the Consumer Credit sector comes alive with the commencement of engagements with Nigeria’s lending ecosystem. No fewer than 19 commercial banks were at the first session convened recently by Nigeria’s apex bank, the Central Bank of Nigeria (CBN) during […]
LAGOS MAY 7TH (NEWSRANGERS)-The Central Bank of Nigeria (CBN) has set a deadline of July 7, 2024, for Point of Sales (PoS) operators to complete their registration with the Corporate Affairs Commission (CAC). The directive followed discussions held in Abuja between fintech representatives and Chief Executive Officer (CAC), Hussaini Magaji on Tuesday. During the meeting, […]
LAGOS APRIL 30TH (NEWSRANGERS)-Kuda Bank, Moniepoint, OPay and Palmpay have paused account opening for new customers following a directive from the Central Bank of Nigeria. The directive came two days after the EFCC blocked 1,146 bank accounts involved in unauthorised forex dealings. “We’ve temporarily paused new signups on our platform. This means that you’ll […]
LAGOS MARCH 6TH (NEWSRANGERS)-Binance, a leading cryptocurrency exchange, has announced its decision to cease operations in Nigeria due to regulatory challenges with the federal government and the Central Bank of Nigeria (CBN) regarding foreign exchange regulations. Customers have been given until March 8, 2024, to withdraw their funds, following the halt of naira deposits starting […]
LAGOS FEBRUARY 28TH (NEWSRANGERS)-Governor of the Central Bank of Nigeria, Olayemi Cardoso, has disclosed that more than $26bn was channelled through a cryptocurrency platform, Binance, in the last one year. Cardoso disclosed this on Tuesday at a press briefing after the 293rd meeting of the Monetary Policy Committee in Abuja. The Binance exchange is a […]
LAGOS FEBRUARY 21ST (NEWSRANGERS)-Former governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, through his legal team, has threatened to sue President of the Nigerian Senate, Godswill Akpabio over alleged defamation. Emefiele would demand N25 billion in damages from the Senate President if he fails to apologise, according to his solicitors. This was contained […]
LAGOS FEBRUARY 14TH (NEWSRANGERS)-Nigeria is seeking Interpol’s help to arrest three suspects who allegedly stole $6.2m (£4.9m) from the central bank, using the forged signature of then President Muhammadu Buhari. Authorities believe that the suspects conspired with Nigeria’s former central bank chief Godwin Emefiele. He is already on trial on 20 charges, including illegally receiving […]
LAGOS JANUARY 29TH (NEWSRANGERS)-President Bola Tinubu has announced a shake-up in the oil sector to ensure transparency amid concerns about declining oil revenue and opaque practices within the NNPC. The President has directed the Central Bank of Nigeria (CBN) to take over responsibility for crude oil sales from the Nigerian National Petroleum Company Limited (NNPCL). […]
LAGOS JANUARY 10TH (NEWSRANGERS)-The Central Bank of Nigeria has sacked the entire board of Polaris bank, Titan bank, and Keystone Bank. CBN sources say the decision was taken in a meeting led by the apex bank’s governor, Yemi Cardoso. The action follows the recommendation of the Special Investigator, Jim Obazee, appointed by President Bola Tinubu in […]
LAGOS JANUARY 9TH (NEWSRANGERS)-An FCT High Court has awarded the sum of N100 million in damages in favour of former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele over his prolonged detention without trial, which it declared a flagrant violation of his fundamental rights. In the judgment on Monday, Justice Kayode Adeniyi also […]
Scores Killed As Suicide Bomber Hits Food Joint In Borno
Transfer: Osimhen Disappointed, Sad By Lack Of Offer From Top European Clubs
Out Of 297 Universities In Nigeria, 3 Made List Of Global World Ranking, But Appear Outside Top 1000
Scandal: How Convicted Inmate Sneaks From Cell To Process Passport, Visa In Lagos
Coalition Sets To Wrestle Govt From Tinubu, Moves To Register New Political Party, ADA
CSO Calls For Suspension Of NNPCL’s Foreign Retreat Amid Alleged Financial Scandal
