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CBN sets N1m as application fee for payment service holding company licence

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Musa Jimoh, CBN’s director of payments system management department, announced this in a circular on Tuesday.
The guideline requires companies that intend to offer both switching and processing, and mobile money services to set up a PSHC structure.
“This arrangement would prevent commingling of activities, facilitate management of risks and enable the Central Bank of Nigeria exercise adequate regulatory oversight on all the companies operating within the Group (PSHC),” the circular reads.
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CBN said promoters of a PSHC shall be required to submit a formal application for the grant of a licence.
However, it said the application process will be in two phases: approval-in-principle (AIP) and a final licence. ....

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CBN announces guidelines for establishing payment service holding companies in Nigeria

CBN announces guidelines for establishing payment service holding companies in Nigeria
dailypost.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailypost.ng Daily Mail and Mail on Sunday newspapers.

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Two-year jail term recommended for obstruction of fire fighting activities in Lagos

Two-year jail term recommended for obstruction of fire fighting activities in Lagos
tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.

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Hate Speech: Court Fixes July 13 As Falana, 20 Lawyers Battle Lai Mohammed, NBC Over N5million Fine

Hate Speech: Court Fixes July 13 As Falana, 20 Lawyers Battle Lai Mohammed, NBC Over N5million Fine
saharareporters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from saharareporters.com Daily Mail and Mail on Sunday newspapers.

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On Sanwo-Olu's poverty alleviation initiatives | The Guardian Nigeria News - Nigeria and World NewsOpinion — The Guardian Nigeria News – Nigeria and World News

In view of the harsh reality of the havoc that poverty, if allowed to flourish, could unleash on the world that Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu, has made poverty eradication a foremost goal of his administration’s ‘Greater Lagos’ blueprint.
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Lagos, being the country’s economic, industrial and commercial hub, could experience untoward social-economic consequences if Nigeria’s poverty and unemployment situation is not frontally addressed.
Since Lagos State is home to about 21million Nigerians, it is safe to affirm that the State, which is the fifth largest economy in Africa, feels the brunt of the menace of youth employment the most. That Lagos alone accounts for over 70% of national industrial investments makes it attractive to job seekers from all across the country. ....

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