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Access Bank Gets N138 Billion From Parent Company, CBN Gives Approval

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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...
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CBN Clears The Air On Suspending OPAY & PALMPAY Accounts

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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...
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EFCC arrests 80 PoS vendors in Ondo

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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. ...
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