Latest News Update
OPay to Implement Transfer Fees; See Reasons and when
OPay has announced a new policy in line with Federal Inland Revenue Service (FIRS) regulations. Beginning September 9, 2024, the company will impose a one-time fee of N50 on electronic transfers of N10,000 or more. This fee will apply to both personal and business accounts.
The move is part of OPay’s effort to comply with recent financial regulations and adjust to new operational guidelines.
SHareAccess Bank and Mastercard Collaborate to Enhance Cross-Border Payments in Africa Access Bank Group, in collaboration with Mastercard, has introduced a groundbreaking solution to facilitate cross-border payments and remittances, aiming to integrate Africa more deeply with the global economy. This new solution enables both businesses and consumers to send and receive international payments […]
SHareCBN stopped from using social media to identify customers FCG reports that Lawmakers have stoppeed CBN from using social media to identify customers. FCG learnt that the decision was made after a motion, sponsored by nine members, was put forward. The CBN recently issued its Customer Due Diligence Regulations for 2023, highlighting that the inclusion […]
SHareShell Sets To Sell More Oil Assets In Nigeria FCGs reports that Shell Plc is set to resume talks to sell some of its Nigerian oil fields. The oil giant is said to be in negotiations with Eroton Exploration and Production Company Ltd. to offload some of its assets in Nigeria. Shell has been operating […]