Drawback for financial inclusion drive as FG begins N50 PoS charge
Mild confusion is gradually engulfing users of Point of Sale (PoS) device to pay for goods especially at filling stations across the federation. This stemmed from the resumption of N50 tax introduced by the Federal Government to raise revenue. The…
CBN lists permissible, non-permissible activities of fintechs, agent bankers’
As the economy continue to grow in activities and polices driving financial and digital inclusions using fintechs operators, Agent banking platforms and Mobile Money outfits, the Central Bank of Nigeria (CBN) has opened up on permissible and non-permissible activities. CBN,…
CBN heeds Heritage Bank boss thought on identity crisis, plans BVN upgrade
Barely few days after the Managing Director of Heritage Bank, Mr Ifie Sekibo raised an issue of urgent identity security importance; the Central Bank of Nigeria (CBN) has opened up on upgrading security of Bank Verification Number (BVN). Director of…
