LAGOS DECEMBER 22ND (NEWSRANGERS)-The House of Representatives on Thursday warned the Point-of-Sales (POS) operators in the country to stop selling naira notes and remove excessive charges to customers nationwide immediately. This is even as the House mandated the Committees on Banking Regulations and Digital and Electronic Banking to invite the Minister of Finance and National…
LAGOS DECEMBER 5TH (NEWSRANGERS)-Fintech company, Opay, has been down for over an hour as Nigerians cannot send money through its app on Monday evening. This is even as Nigerians have gone to various social media platforms to express their fears. A social media user, @8jagistplug tweeted: “I no understand weytin Opay Dey do this night…
LAGOS MARCH 15TH (NEWSRAGERS)-Nigerian Breweries Plc has revealed that its business has been heavily impacted by the current cash crunch in the country. In December, the Central Bank of Nigeria (CBN) replaced old N200, N500 and N1,000 notes with news ones, triggering Naira scarcity that has worsened in recent weeks. In an interview with Bloomberg,…
LAGOS JUNE 15TH (NEWSRANGERS)-The usual high patronage of Point of Sale (PoS) services in the country is in reverse trend as bank customers now resort to Automated Teller Machines (ATM) and other channels like online banking, Unstructured Supplementary Service Data (USSD), among others. In the heat of COVID-19, last year, banks and other financial companies…