Business

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) voted for a rise in the benchmark interest rate by 50 basis points to 18% on Tuesday. mNaija reports that the governor of the apex bank, Godwin Emefiele, disclosed…

Earlier last week, Bloomberg reported that African most prominent fintech company Chipper Cash is considering selling the company or seeking new investors. This simply means that if there are no new investors, the company will sell it…

It you are business owner and wants to gets your business going without any delay in this era of cashless policy, there various options to get paid. We have already presented you options of how to get Moniepoint POS and Opay POS. Today,…

Nigeria’s first digital bank, Kuda, has introduced a new feature to its Kuda Business app, which includes Sales Mode, Kuda Payroll, and business registration. Further, the digital bank will launch a SoftPoS feature, allowing users to…

Bankers have warned Nigerians who are accepting old N1000 and N500 notes from their banks are doing so on their own. This is because such customers would not be able to deposit the same old notes in banks at the moment until the Central…

Some commercial banks have started issuing out old N500 and N1000 notes to their customers. It would be recalled that a seven-member panel of the Supreme Court had last Friday held that the old N200, N500 and N1000 notes remain legal…

Reports have emerged that about ₦2,949,557,867 has been illegally transferred from the accounts of African fintech unicorn, Flutterwave. The tech giant’s counsel, Albert Onimole, reported the case to the Deputy Commissioner of Police,…

The Central Bank of Nigeria (CBN) has opted to remain silent after the Supreme Court ordered that old N200, N500 and N1,000 notes remain legal tender till December 31. According to an official of the CBN, who agreed to speak to The…

The guidelines barring governors, ministers, foreign missions and other public servants from making cash withdrawals from public accounts will come into effect tomorrow. Banks have notified their customers about the directive and urged…

In an effort to drive a cashless economy, the Central Bank of Nigeria has suggested the use of eNaira for cash transfers during the National Social Safety Net Programme Scale Up. This was according to the National FinTech Strategy…

The Central Bank of Nigeria (CBN) has launched the USSD channel of the Central Bank Digital Currency tagged the eNaira on Bullnet platform to boost the usage of the platform. It was launched in Lagos on Thursday during an event to…

The Central Bank of Nigeria (CBN) has debunked report going round that it has directed commercial banks to collect old N500 and N1,000 notes is false. The Director, Corporate Communication of the CBN, Osita Nwanisobi stated this while…

The Central Bank of Nigeria (CBN) has directed banks to start collecting the old N500 and N1,000 notes from the public with immediate effect. It however pegged the maximum amount the banks can collect at N500,000. The CBN maintained…

The Governor of the Central Bank of Nigeria (CBN), Goodwin Emefiele said his team has met with 15 commercial banks on how to implement President Muhammadu Buhari’s recent directives on the availability of N200 notes. mNaija recalls that…

I know you probably have enough of the old currency, and you are looking for a way to deposit it, despite the fact that Banks are not accepting it. The banks had justified their action on the February 10 deadline given by the Governor of…

There was confusion on Monday at the high courts in Lagos State as lawyers and litigants were unable to file their court processes using the old naira notes for payment. Officials at the high court registries rejected the old naira…

Before you run a small business in Nigeria, you will definitely need to get your own POS since every transaction is now digital, especially in Nigeria. In one of our articles, we have discussed on how you can OPay POS. Now, we deem it fit…

The Nigerian Naira exchanged at N461.50 to the US dollar at the Investors and Exporters window on Friday. The number represented an appreciation of 0.09 per cent equated with the 461.10 it exchanged on Thursday. The open indicative…

Now that everyone has been forced to go digital, whether you are operating a small business or not, most of the transactions you’ll be performing now will either be through direct transfer or via a Point of Sale (POS) machine. To those…

The Central Bank of Nigeria (CBN) has foreclosed the possibility of extending or shifting the deadline on the deposit of the old naira notes. CBN Governor Godwin Emefiele apologised to Nigerians for not extending the deadline but stated…