In a shocking development, the Nigerian Federal Government has suspended the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele. Sources reveal that Emefiele was arrested in Lagos by the Department of State Services (DSS) on June 10 and flown to Abuja for questioning which the security agency has now confirmed. The suspension is reportedly tied…
A Nigerian realtor resident in Canada has launched a real estate practice in the country to provide real estate services. The realtor cum Anglican cleric, Rev. Canon Fola Morenikeji a Real Estate Sales Representative of RoyalLepage Signature Realty has unveiled The 9Hundred Signature Residences which embodies the perfect union of urban luxury living, opulent design…
Paxful, a peer-to-peer Bitcoin marketplace, has announced that it will be suspending its operations. With 1.5 million users in Nigeria, the platform has played a significant role in expanding the crypto industry in the country. According to Paxful’s CEO, Nigeria is the company’s largest market, with over $1.5 billion in volume to date since 2015.…
The federal high court on Monday held that Guaranty Trust Bank (GTB) was in violation of the consent judgment entered by the court on December 17, 2019. The court proceeded to set aside the purported execution carried out by the bank February 1, 2023. Ruling on an application filed by the Law Firms of Kanu…
The CBN payment scheme will begin processing payments using both debit and credit cards as it is expected that this card will compete with other debit/credit card payment options like MasterCard and visa used by Nigerians. The Central Bank of Nigeria has announced that its national domestic card scheme to facilitate financial inclusion and grow…
Telegram is considered a successful global messaging app, with a reported 700 million monthly active users, according to the founder in June 2022. Many users view Telegram as a superior alternative to WhatsApp due to its features such as fast speed, strong security, end-to-end encryption, and the ability to create large group chats. Some of…
Few days after the Central Bank of Nigeria, CBN, released the redesigned naira notes in the denominations of N200, N500 and N1,000, fake copies of the new N1000 naira notes have been released into the economy. A mobile money and bank agent in a video disclosed this saying that a customer performed a bank transaction…
In line with its efforts to strengthen the development of a robust and secure payment ecosystem, Africa’s leading Integrated payments and digital e-commerce company, Interswitch has hosted an engagement session for its customers and key stakeholders in the South-Western region of the country. The breakfast session, which was held yesterday at the Golden Tulip Hotel,…
Following the peaceful protest staged by the employees of Abuja Sheraton Hotel, the management of the company has today (Tuesday) commenced payment of entitlements to the workers. The payment followed an agreement reached by the employees under the umbrella of National Union of Hotel & Personal Service Workers (NUHPSW) and Marriot (managers of the hotel)…
•As new owners may shut down hotel Tuesday The last may not have been heard of the controversies trailing the NIPCO’s acquisition of Abuja Sheraton Hotel, as the employees are planning to stage a peaceful protest to demand for the payment of their severance package tomorrow (Tuesday) morning. A reliable source told SlyeNews today (Monday),…
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