Happy International Workers Day.
Cryptocurrency exchange, Binance, has announced plans to discontinue all services related to the Nigerian naira. Binance, a cryptocurrency exchange platform, was accused of exploiting the Nigerian currency, Naira, leading to its free fall in value. The company is, in addition, facing allegations of terrorism financing, money laundering and tax invasion, among others. Nigeria is one...
No fewer than 40 million telephone lines were barred by telecommunication operators over the weekend following the expiration of the February 28, 2024 deadline issued by the Nigerian Communications Commission mandating telecom consumers to link the Subscriber Identity Module to their National Identity Numbers. This represents a 28 million increase from the 12 million telephone...
For existing Tier-1 accounts or wallets without BVN or NIN, any unfunded account or wallet will immediately be subject to ‘Post No Debit or Credit’ until the necessary requirements are fulfilled. Effective March 1, 2024, all funded accounts or wallets without BVN or NIN will be placed on ‘Post No Debit or Credit’, with no...
