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.
SHareFuel Prices Increasesto N1,300/Litre as Depots Face Shortages Many depots across the country are currently out of stock for Premium Motor Spirit (PMS), leading to severe fuel shortages and long queues in Lagos, Ogun, parts of Abuja, Niger, and other states. According to FIRST CLASS GISTS, black marketers are exploiting the situation, charging up […]
SHareCBN Sets N50,000 As Daily Limit On Contactless Payments FCG reports that the Central Bank of Nigeria (CBN) has placed a N50,000 daily limit on contactless payments either through bank accounts or digital wallets. FCG learned that CBN disclosed this on Tuesday in a circular titled, “Transaction Limits on Contactless Payments” signed by its Director, […]
SHareCUPP Criticizes Dangote Refinery Over Fuel Pricing The Coalition of United Political Parties (CUPP) has expressed strong disapproval of Dangote Refinery’s pricing of Premium Motor Spirit (PMS), commonly known as petrol. Despite hopes for reduced fuel prices following the commencement of operations at Dangote Refinery, those expectations were thwarted when the Nigerian National Petroleum […]