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CBN imposes new limit on PoS withdrawal, other transactions, Nigerians react Nexovant
The newly introduced cash transaction limit imposed on PoS operators has received thumbs down from Nigerians and business owners They disclosed that the new directive is out of tune with reality and would hamper the financial inclusion drive of the Nigerian government The apex bank introduced a daily cash-out transaction limit of N100,000 per customer […]
Improved power supply for Lekki residents as TCN installs new transformer Nexovant
The residents of Lekki can expect a boost in power supply in the coming weeks, as TCN has commissioned a new transformer The 75MVA transformer was installed at the Lekki Transmission substation and commissioned on December 9 The new 1×60/75 MVA 132/33KV transformer upgraded the substation capacity by 75MVA, from 120MVA to 195MVA Lekki residents […]
You can still buy PTA/BTA vis banks, CBN reminds Nigerians Nexovant
Nigerians looking to travel abroad can purchase dollars as personal or business travel allowances via their commercial banks. This is contained in a circular issued by the central bank of Nigeria reminding customers that forex purchase for holiday purposes is still possible. Unbeknownst to some Nigerians, the travel allowance related purchases are still possible even […]
Russia central bank holds off rate hike after criticism Nexovant
Russia has struggled to control inflation amid its almost three-year offensive in Ukraine. Photo: Alexander NEMENOV / AFPSource: AFP Russia’s central bank kept interest rates at 21 percent on Friday despite surging inflation, a surprise decision that follows criticism from the country’s political and business elite over the effects of higher borrowing costs on the […]
United Arab Emirates introduces 5-year residency visa for retired residents over 55Â Nexovant
The United Arab Emirates (UAE) has announced new regulations allowing expatriate retirees aged 55 and above to apply for a 5-year residency visa. The move is part of the government’s effort to provide greater flexibility for retirees who wish to live in the country after their working years. According to Gulf News, the Federal Authority […]
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