Ogun State, Nigeria, World News & Stories
5 posts.
According to a reliable report from The PUNCH, the Central Bank of Nigeria has concluded plans to release all N1,000, N500, and N200 notes in its possession to Deposit Money Banks. This decision is expected to alleviate the months-long hardship and distress Nigerians have been experiencing due to the CBN’s controversial naira redesign policy, which…
Operatives of the Department of Security Service (DSS) have arrested Damilare Bello, a member-elect of the Ogun State House of Assembly representing Sagamu constituency 1. Bello, who is a candidate of the Peoples Democratic Party (PDP), is accused of being the mastermind behind the Sagamu mayhem which resulted in the vandalism of several banks during…
More Nigerians will have to rely significantly on electronic transactions as the CBN cash withdrawal policy is ready to fully launch.Despite the increase in PoS operators in Nigeria, anyone can still enter the industry.Here are four easy steps to launch a POS firm so you can get a piece of the expanding market. He informed…
Deposit Money Banks are not supposed to reimburse consumers who withdraw new naira notes over the counter, according to a directive from the Central Bank of Nigeria. To guarantee that the money circulates across the country prior to the deadline of January 31, 2023, when the old notes will no longer be accepted as legal…
Today, Monday, January 9, the country will begin to implement the Central Bank of Nigeria’s policy restricting daily cash withdrawals. According to The PUNCH, under this arrangement, the maximum weekly limit for cash withdrawals by individuals and corporate organisations across all channels is N500,000 and N5,000,000, respectively. A processing fee of 3% or 5% will…
