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CBN Raises Interest Rate To 18% Amidst Surging Inflation

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…

Chipper Cash May Likely Fold Up Like FTX – Reports

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…

How to Apply And Get PalmPay POS Machine

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,…

Banks Resume Paying Nigerians Old 500, 1000 Naira Notes

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…

Hackers Allegedly Steal N2.9bn From Flutterwave

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,…

CBN Keeps Mum On Supreme Court Order

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…

CBN To Use eNaira For $800m Cash Transfer Scheme

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…

How to Get Moniepoint POS Machine and become an Agent

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…

Currency swap: Naira appreciates slightly against dollar

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…

How to Get Free OPay POS Machine, Become an Agent

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…

No Plan To Extend Deadline For Old Naira Notes – CBN

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…

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