Tag Archives: Business & Economy

    You May Want T0 Opt For Cash, Credit Card, Or Another Method In Certain Circumstances! PEGASUS REPORTERS, LAGOS | FEBRUARY 16, 2023 Advances in technology have transformed the way we regularly pay for things. Now, it’s becoming increasingly more common to swipe or tap your card or smartphone when you’re settling up at the register—even for the most ...

  Nigeria’s first Community investing by small-ticket retail investors in alternatives goes mainstream in Africa. PEGASUS REPORTERS, LAGOS | FEBRUARY 16, 2023 Alternative Finance Limited (Obelix), Nigeria’s SEC-regulated Crowdfunding Intermediary, today announced that it has fundraised N100 million from 9,324 registered small-ticket retail investors for 3 promising small and medium enterprises in just 10 days, thus successfully pioneering an alternative ...

  “Oga, this is the only job I have for now. I’m not happy to charge my customers high interest but if I don’t do that, it means I have to close the business. You know that when you lose them, it’s not easy to get them back. They know that our charges are the same everywhere” she concluded” PEGASUS ...

  “Corporates that require cash should only be given the old N100 notes and below. Corporates must not be given the new notes…All new notes have tracking numbers to trace them back to State, Bank and Bank branches. So notes confiscated at parties and other locations can be traced back to the Bank and applicable branch” PEGASUS REPORTERS, LAGOS | ...

  “The plan is to deliver Africa’s first central bank-driven, domestic card scheme that combines a fully domestic infrastructure with international interoperability” PEGASUS REPORTERS, LAGOS | JANUARY 23, 2023 A CREDIT card designed by the Central Bank of Nigeria (CBN) for domestic use has been scheduled for deployment, it was learnt during the week. The card is expected to compete ...

  “Many Nigerians raised alarm on social media on Sunday, January 8, 2023, when they saw that their accounts were debited with various sums. The debit took them unaware as there has been no mention of the levy in any media reports” PEGASUS REPORTERS, LAGOS | JANUARY 10, 2023 The Nigerian government has begun the implementation of the Electronic Transfer ...

  “The term “unstructured supplementary service data” (USSD) refers to a technology that has been present since the early 1990s” PEGASUS REPORTERS, LAGOS | JANUARY 9, 2023 The Central Bank of Nigeria has revealed that plans are on ground to ensure Nigerians become a cashless society and one of the major major structures to achieve this is the use of ...

  “According to the report, customer debt was listed as N590.6 billion out of a total bill amount of N1.958 trillion while the Nigerian Electricity Market (NEM) experienced a market shortage of N1.7 trillion.” PEGASUS REPORTERS, LAGOS | JANUARY 4, 2023 The Nigerian Electricity Regulatory Commission has revealed that from November 2020 through September 2022, at least N1.367 trillion was ...

  “Following the unveiling of the new notes which begins circulation today, the CBN governor announced that the apex bank is now more determined to make Nigeria a cashless economy, as in other climes” PEGASUS REPORTERS, LAGOS | NOVEMBER 23, 2022 The President, Muhammadu Buhari on Wednesday finally unveiled the re-designed Naira Notes as proposed by the Central Bank of ...

  “The decline, according to the analysts, can be attributed to the reduced inflow of petrodollars into Nigeria’s economy despite the rally in crude oil prices due to the upbeat in oil demand since the Russian invasion of Ukraine in February 2022” PEGASUS REPORTERS, LAGOS | NOVEMBER 15, 2022 After a week of gaining on the dollar across the black ...