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After MoMo PSB, MTN moves to launch another bank, seeks license Nexovant
Alongside its MoMo Payment Service Bank (PSB), MTN is reportedly seeking another banking licence The South African telecom company is waiting for the South African Reserve Bank to open a national payment system for fintech firms Already, MTN’s MoMo boasts about 5.3 million subscribers in Nigeria and targets the low-income consumer market Legit.ng’s Pascal Oparada […]
FG releases N20bn for Nigerians to buy cars, prices of Innoson and others emerge Nexovant
Stakeholders in the auto industry have said the proposed N20 billion under the credit corp scheme for locally-assembled cars is too little They disclosed that the amount could only purchase less than 600 vehicles and not enough to stimulate the local auto industry The Nigerian Credit Corporation (CreditCorp) launched the initiative in partnership with the […]
Access, UBA, others borrow N7 trillion from CBN in 10 days Nexovant
In the ten days of December 2024, banks and merchant banks borrowed an estimated N7.04 trillion from the Central Bank of Nigeria The interest rate at which these financial institutions borrow from the CBN has altered since the MPC of the CBN increased the MPR In the first eleven months of 2024, banks and merchant […]
After crashing petrol prices, NNPC announces another key project for Nigerians Nexovant
The Nigerian National Petroleum Company Limited (NNPC) has promised to deliver the 53MW MEPP project in Maiguduri next year The company made the promise when the Minister of State for Petroleum Resources (Oil) Ekperikpo Ekpo visited the site NNPC said some critical phases of the project have been completed, while the last one will become […]
The future of self-custody: Dissecting Bitkey’s revolutionary design Nexovant
Gone are the days of plastic USB drives holding your digital fortune. Bitkey, a new bitcoin hardware wallet built by Block Inc., redefines self-custody with a stunning design and innovative features, putting the power and security of your Bitcoin directly in your hands. It is the simplest way to securely buy and hold bitcoin, managed […]
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