Tag: Licenses
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CBN revokes licenses of seven PSPs, one switch service provider
The Central Bank of Nigeria (CBN) has revoked the licenses of seven Payment Service Providers (PSPs) and one switch service provider, who were unable to meet up with their statutory obligations. An official Gazette, obtained from CBN’s official website stated that the affected PSPs are; Easifuel Limited, Transaction Processing System (TPS), Grand Towers Limited, Paymaster…
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FG suspends issuance of Free Trade Zones licences
The Federal Government has suspended issuance of licences for the operations of Free Trade Zones (FTZs) in the country. The Minister of Industry, Trade and Investment, Chief Adeniyi Adebayo, announced this at the inauguration of the panel on the evaluation of the performance of FTZs, on Monday in Abuja. A statement by the minister’s Special…