In the dynamic landscape of Nigeria’s digital sphere, the Association for Information and Communication Technology on Local Content (ICTLOCA) has emerged as a formidable advocate, championing indigenous ICT solutions and backing recent forex policies initiated by the Central Bank of Nigeria (CBN). This article delves into ICTLOCA’s core mission, its […]

OPay, at the forefront of mobile payments, has committed to removing accounts without a National Identity Number (NIN) or Bank Verification Number (BVN) completely beginning on March 1, 2024. This commitment complies with recent guidelines on Know-Your-Customer (KYC) standards issued by the Central Bank of Nigeria (CBN), which require that […]

The Central Bank of Nigeria (CBN) under the leadership of Governor Yemi Cardoso is planning a significant restructuring that involves relocating major departments from the Abuja headquarters to the former headquarters in Lagos, southwest Nigeria. This decision, however, has stirred discontent among staff members, particularly married women, leading to internal […]

    Moruf Oseni’s Wema Bank faced N8.067 billion in court cases as of September 2023, coupled with a loss of N239.920 million due to fraud and burglary during the nine-month period ending September 2023. The recently released financial statement to the Nigerian Exchange Group unveiled these challenges. However, the […]

On Tuesday, the Group Managing Directors (GMDs) of Zenith, Providus, and Jaiz banks responded to the invitation from the Economic and Financial Crimes Commission (EFCC). They cooperated by submitting documents pertaining to accounts held by the Ministry of Humanitarian Affairs to the anti-graft agency. Following the handover of the documents, […]