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Weekly Economic Index: The Naira's best in 5 years, CBN increases minimum capital, and Cellulant's exit

Weekly Economic Index: The Naira's best in 5 years, CBN increases minimum capital, and Cellulant's exit
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Nigeria
Nigerian
Payment-solution-service-provider
Central-bank
Nigerian-naira

Central Bank of Nigeria withdraws Cellulant's mobile money licence

Cellulant asked the Central Bank of Nigeria to revoke its mobile money licence because it is focusing on payment solutions to enterprises.

Nigeria
Lakshay-grover
Bolaji-akinboro
Cellulant-corporation
Payment-solution-service-provider
Central-bank
Rise-fund
Cellulant-nigeria

Hundreds Of Digital Lenders Operate Illegally In Nigeria – FCCPC

Hundreds of digital lenders are still operating illegally in Nigeria, the Federal Competition and Consumer Protection Commission (FCCPC) has disclosed.

Nigeria
Babatunde-irukera
Eyowo-integrated-payments
Fincra-technologies
Payment-solution-service-provider
Financial-technology-fintech
Central-bank
Consumer-protection-commission
Federal-competition
Digital-money-lenders
Financial-technology
Fincra-technologies-limited

Illegal loan apps use PSSPs to executive transactions - FCCPC

The Federal Competition and Consumer Protection Commission, FCCPC, has said several illegal digital money lenders (DMLs), known as loan apps, use wallets

Nigeria
Babatunde-irukera
Deposit-money-bank
Payment-solution-service-provider
Consumer-protection-commission
Bank-settlement-system
Federal-competition
Chief-executive-officer
Nigeria-inter-bank-settlement-system

Illegal loan apps use PSSPs to executive transactions – FCCPC

Excerpt

Nigeria
Nigerian
Azonuchechi-chukwu
Babatunde-irukera
Nigeria-interbank-settlement-system-plc
Consumer-protection-commission
Payment-solution-service-provider
Federal-competition
Chief-executive-officer
Nigerian-interbank-payment