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Be the first to get hottest news from our Editor-in-Chief  SIGN UP THANK YOU! You are already subscribed to our newsletter! Check your inbox to be the first to know the hottest news Home Business and Economy Economy ECONOMY Access Bank Gets N138 Billion From Parent Company, CBN Gives Approval Wednesday, April 05, 2023 at 6:13 PM by Pascal Oparada The Central Bank of Nigeria has given its nod to a $300 million investment into Access Bank by parent company The parent company, Access Holdings, said the investment is to consolidate the bank's presence in Africa A statement from Access Holdings said the investment is a mandatory convertible instrument to improve shareholders' funds PAY ATTENTION: Donate to Legit Charity on Patreon. Your support matters! Access Bank'sBank's parent company, Access Holdings, has injected $300 million, about N138 billion in investment capital. According to reports, Access Holdings stated that the returns would boost the capital nee...

Top 11 Cheapest Data Platforms In Nigeria & Prices  Written by NaijaVenture January 9, 2023 Leave a Commenton Top 11 Cheapest Data Platforms In Nigeria & Prices If you are a fan of the internet, then you would believe with me that Data Is Life! One of my friends would always say that he rather stay without food than stay without Data, that’s just to emphasize how important Data is to him. But it is very unfortunate that Data is one of the costliest resources in Nigeria today. This is unlike in the Western Countries where there is always free internet data for everyone. But should you now relocate to the western country because of free data…Lol..? We got to find a way to manage our problem here, and one of the best options is to always go for cheap data plans that our pocket can afford. On a normal, the least price you can get a 1GB data plan from any communication network, is N1,500 or N1000, for a monthly subscription. The sad side is that the 1GB data may not ...

Most Widely Read Newspaper Banks raise cash withdrawal limits to reduce queues Deposit Money Banks are set to raise their cash withdrawal limits from the current N20,000-N50,000 range to over N80,000-N100,000, according to multiple bank officials. The move, it was learnt, would help bank branches to tackle lingering queues in some cities across the country. The Central Bank of Nigeria had on Friday directed commercial banks to open for operation on Saturday and Sunday, as part of a coordinated effort to ease the circulation of old and new banknotes. This came after the CBN began the release of billions of old naira notes to DMBs. The central bank on Thursday finally obeyed the Supreme Court on the legal status of the old naira notes after months of controversy that trailed the naira redesign policy. According to findings, most DMBs currently pay between N20,000 and N50,000 over-the-counter and Automated Teller Machines. However, officials told our correspondents that banks ...

EFCC arrests 80 PoS vendors in Ondo EFCC Our Reporter March 26, 2023 Over 80 Point of Sales (PoS) vendors in Akure, the Ondo State capital, have been arrested by operatives of the Economic and Financial Crimes Commission (EFCC) for allegedly buying and selling money to individuals with higher interest. The operation was carried out in Akure South and Akure North Local Government Areas. It was gathered that the PoS operators were forced to disclose the source of the cash used in their businesses. A source said some PoS agents confessed to buying cash from banks after which they charged their customers exorbitantly. According to the source, “They have arrested about 80 PoS attendants in Oja Oba Area. If they come to you, they will ask you to disclose the source of your cash and how much you are charging your customers and also ask you to take them to the person that gave you the money. “Some PoS attendants, who got the information beforehand, abandoned their stands and fled. ...

Most Widely Read Newspaper Home 25th March 2023 opay 1 Branded Content Kindly share this story: Nigerian payment and financial service company OPay appreciate its customers, merchants, and partners for their strong patronage, especially over the last 3 months. We express our appreciation to our over 30 million registered app users, 500,000 agents, and 100,000 merchants who use OPay daily to make transactions and ultimately spread OPay’s mission of shared prosperity to all. According to OPay-Nigeria’s President and CEO, Olu Akanmu “ our OPay customers should continue to enjoy OPay’s reliable, fast, and safe transactions anywhere and anytime through OPay platforms. We are committed to providing inclusive financial services to all Nigerians that ensure no one is left behind no matter their social situation or geographic location”. OPay Digital Services Limited is fully licensed by the Central Bank of Nigeria and all deposits are insured by the National Deposits Insurance Corpo...

CBN Clears The Air On Suspending OPAY & PALMPAY Accounts Golden News HOME NEWS NPOWER JOBS NYSC INFO EDUCATION BUSINESS ENTERTAINMENT SPORTS TECHNOLOGY CBN Clears The Air On Suspending OPAY & PALMPAY Accounts CBN Clears The Air On Suspending OPAY & PALMPAY Accounts Faith Joseph BY FAITH JOSEPH March 25, 2023 Reading Time: 1 min read CBN Clears The Air On Suspending OPAY & PALMPAY Accounts 500 SHARES The Central Bank of Nigeria (CBN) has debunked claims going round that it has suspended accounts of some Fintech companies like OPAY and PALMPAY. The apex bank in reaction to the reports described it as fake news. The Acting Director, of Corporate Communications of CBN, Isa AbdulMumin, on Friday, March 24, 2023, in Abuja described the viral news as “simply  READ ALSOSoludo Interrupted Because Of Peter Obi PresenceOkupe Speaks On Ekweremadu, Wife ConvictionThe report which was credited to AbdulMumin claimed that the CBN was about to suspend accounts of the Fi...