The Federal Government has drawn down the Excess Crude Account (ECA) to $376,655.09 from $35.377 million in May, this year.
This means that in one month the government withdrew $35,000,344.91from the ECA.
The ECA is supposed to be a savings buffer meant to steady the government’s revenue and serve as a bailout for the economy in dire times.
The information about the ECA’s draw-down is…
Zenith Bank Plc has been ranked as the number one bank in Nigeria by Tier-1 Capital in the 2022 Top 1000 World Banks Ranking published by The Banker Magazine.
For the 13 consecutive year, the bank retained its position as the number one Tier-1 bank in Nigeria with a Tier-1…
The Central Bank of Nigeria has disbursed N68.13bn to beneficiaries under its 100-for-100 Policy on Production and Productivity since the commencement of the intervention.
According to the bank, the CBN Governor, Godwin Emefiele, disclosed this in Lagos after the last…
The seventh season of Big Brother Naija will have a double launch this weekend on Saturday, July 23, and Sunday, July 24, at 7 pm on Africa Magic Showcase, Urban and Family. The show will also air on the 24/7 Big Brother Naija channel on DStv 198 and GOtv channel 29, as well as on Showmax.
Fans of the show will love this season because several pre-COVID elements are returning to the game, such as…
Pioneer solar-based internet service provider in West Africa, Tizeti Network Limited, is set to pay its shareholders its first dividend after it declared a dividend of N2.00 per share in respect of the financial year, ending December 31st, 2021. According to a statement by…
Fintech is undoubtedly the most bubbly space in African tech. New fintechs come into the market virtually on a weekly basis, but perhaps the bane of the industry is repetition. It’s not uncommon to see tweets of people voicing out how they “don’t need another payment…
Our lives have become increasingly digital in today’s world. Whether it’s listening to the latest release from our favourite artist on Apple Music or buying that must-have bag from Fashion Nova, we all love the convenience of buying online. However, paying for those ‘must-have’ items isn’t always seamless. As a way to make global payments and shopping easier for Nigerians, Chipper…
Tech media organisation, Technext has announced its maiden regulation event, the GAT Summit (Government and Tech Summit) 2022. It is billed to hold on Thursday, July 28, 2022. With a proposed physical audience of at least 1,500 and a virtual attendance of at least 3,000…
The use of mobile applications in the corporate scene has evolved dramatically in the last decade. To connect with customers, begin and complete transactions, manage business data, finances, etc. business owners now rely largely on technology. Mobile applications are one of…
Flutterwave described Laundering allegations as false and can prove this with records
July 7, 2022
A Kenyan High Court has issued a freeze order on 56 bank accounts belonging to Flutterwave, Nigeria’s payment gateway company, and six other companies.
But Flutterwave has described the allegations as false and can prove this with records.
“We are a financial technology company that maintains the highest regulatory standards in our operations. Our anti-money laundering (AML) practices and…