Tag: License
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BREAKING: CBN revokes license of Heritage bank
The Central Bank of Nigeria (CBN) has revoked the operating licence of Heritage Bank Plc with immediate effect. The apex bank in a statement on Monday noted that the action became necessary due to the bank’s breach of Section 12 (1) of BOFIA, 2020.
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Title: 5 reasons why a crypto company should get a license in Dubai
Why should a crypto organization get a permit in Dubai? The UAE has been chosen by a vast number of crypto organizations from around the world to obtain a crypto license in Dubai. The UAE has been known for its financial stability and loyalty to the blockchain. Dubai is one of the main epicenters of…
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How to check if a betting app is licensed in Nigeria
The popularity of sports betting is undoubtedly on the rise in Nigeria. Nigerian bettors have a lot of options when it comes to choosing a betting app such as betting on the famous MBL with the aid of the newest MLB spreads. However, not all of these apps are licensed and regulated by the Nigerian…
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Time to License the Vote Trade – By Chidi Amuta
The recent presidential nomination primaries of the two big parties and the just concluded Ekiti state governorship elections are united by a paradox. In both, Nigerian democracy recorded some dubious progress. An orderly and fairly credible electoral processes seems to have finally evolved. Correspondingly, however, the monetization of the electoral process hit the highest peak…
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CBN to commence issuance of licences to payment services banks – Osinbajo
…To launch $500m innovation fund Nigeria plans to upscale its financial services sector with the issuance of licences to payment services banks as part of efforts to deepen access to finance and drive economic growth. Vice President Yemi Osinbajo said the Central Bank of Nigeria (CBN) would soon start to issue the licences to increase…
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Miracle, BBNaija ‘Double Wahala’ winner gets Pilot license
Miracle Ikechukwu, the winner of the BBNaija ‘Double Wahala’ show has obtained his Private Pilot License (PPL) and Flight Dispatcher License (FDL). The 23-year-old took to his Instagram page @miracleikechukwu to share the news by posting a picture of his licenses alongside birthday wishes for his mother. He wrote, “Today is also my pillar’s birthday…
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NCC threatens sanction, revocation of license of telecoms operators over call masking
…Says Consumer Satisfaction Data Indicate Noticeable Reduction in Masking following NCC’s Actions The Nigerian Communications Commission (NCC) will impose the maximum possible penalties on any of its licensees implicated in the practice of masking of international telephone calls. As such, it is likely that the operating licenses of some of the interconnect exchange and other…
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Concessionaire loses Lagos Trade Fair complex as FG revokes license
The National Council on Privatisation (NCP) has approved the immediate revocation of the concession of the Lagos Trade Fair Complex and a fresh privatisation of the Yola Electricity Distribution Company. It also approved the privatisation of Afam Power plants 1-5 to inject additional power into the national grid and improve electricity supply. The Council, chaired…