• Advertise
  • Opinion
  • Features & Interviews
  • Investigation
  • Contact
Tuesday, January 19, 2021
  • Login
No Result
View All Result
NEWSLETTER
The Lagos Today
  • Home
  • News
    • Lagos News
    • National News
    • World News
  • Business
  • Entertainment
    • All
    • Art & Design
    • Books
    • Movie
    • Sports
    Dr Dre: Rap legend returns home after brain aneurysm

    Dr Dre: Rap legend returns home after brain aneurysm

    Australian Open: 47 players In quarantine after positive Covid-19 tests on two charter flights

    Australian Open: 47 players In quarantine after positive Covid-19 tests on two charter flights

    Tracy Chapman and Nicki Minaj settle copyright infringement lawsuit for $450K

    Tracy Chapman and Nicki Minaj settle copyright infringement lawsuit for $450K

    Lagos To Focus On School Sports In 2021

    Lagos To Focus On School Sports In 2021

    LEGENDARY ROCKERS KISSED 2020 GOODBYE WITH A GUINNESS WORLD RECORD™  CONCERT AT ATLANTIS, THE PALM DUBAI

    LEGENDARY ROCKERS KISSED 2020 GOODBYE WITH A GUINNESS WORLD RECORD™ CONCERT AT ATLANTIS, THE PALM DUBAI

    Nigerian Hollywood Star, Rotimi, Engages Vanessa Mdee

    Nigerian Hollywood Star, Rotimi, Engages Vanessa Mdee

    Napoli Coach to Visit Nigeria’s Osimhen Who Contacted Covid-19 After Partying in Lagos

    Napoli Coach to Visit Nigeria’s Osimhen Who Contacted Covid-19 After Partying in Lagos

    These Nigerian kids are creating epic sci-fi short films using their phones, and Hollywood is paying attention

    These Nigerian kids are creating epic sci-fi short films using their phones, and Hollywood is paying attention

    Nigeria’s Golden Eaglets Depart Lagos For Lome Ahead West African Tournament

    Nigeria’s Golden Eaglets Depart Lagos For Lome Ahead West African Tournament

  • Food
  • Features & Interviews
  • Opinion
  • Investigations
  • Sports
  • Travel
  • Home
  • News
    • Lagos News
    • National News
    • World News
  • Business
  • Entertainment
    • All
    • Art & Design
    • Books
    • Movie
    • Sports
    Dr Dre: Rap legend returns home after brain aneurysm

    Dr Dre: Rap legend returns home after brain aneurysm

    Australian Open: 47 players In quarantine after positive Covid-19 tests on two charter flights

    Australian Open: 47 players In quarantine after positive Covid-19 tests on two charter flights

    Tracy Chapman and Nicki Minaj settle copyright infringement lawsuit for $450K

    Tracy Chapman and Nicki Minaj settle copyright infringement lawsuit for $450K

    Lagos To Focus On School Sports In 2021

    Lagos To Focus On School Sports In 2021

    LEGENDARY ROCKERS KISSED 2020 GOODBYE WITH A GUINNESS WORLD RECORD™  CONCERT AT ATLANTIS, THE PALM DUBAI

    LEGENDARY ROCKERS KISSED 2020 GOODBYE WITH A GUINNESS WORLD RECORD™ CONCERT AT ATLANTIS, THE PALM DUBAI

    Nigerian Hollywood Star, Rotimi, Engages Vanessa Mdee

    Nigerian Hollywood Star, Rotimi, Engages Vanessa Mdee

    Napoli Coach to Visit Nigeria’s Osimhen Who Contacted Covid-19 After Partying in Lagos

    Napoli Coach to Visit Nigeria’s Osimhen Who Contacted Covid-19 After Partying in Lagos

    These Nigerian kids are creating epic sci-fi short films using their phones, and Hollywood is paying attention

    These Nigerian kids are creating epic sci-fi short films using their phones, and Hollywood is paying attention

    Nigeria’s Golden Eaglets Depart Lagos For Lome Ahead West African Tournament

    Nigeria’s Golden Eaglets Depart Lagos For Lome Ahead West African Tournament

  • Food
  • Features & Interviews
  • Opinion
  • Investigations
  • Sports
  • Travel
No Result
View All Result
The Lagos Today
No Result
View All Result
Home Business

CBN Revokes Licenses of 7 Payment Service Providers

by Rosemary Opara
December 25, 2020
in Business
1 min read
0
0
CBN reduces MPC rate from 13.5% to 12.5% over Coronavirus
Share on FacebookShare on Twitter

The Central Bank of Nigeria (CBN) has revoked the operating licences of seven payment service providers (PSP), and one switch operator, over breach of rules.

The apex bank, in an official gazette of the federal republic of Nigeria, listed the affected switch operator as 3Line Card Management Limited.

The affected PSPs are Easifuel Limited, Transaction Processing System (TPS), Grand Towers Limited, Paymaster Limited, E-Revenue Gateway Limited, Eartholeum Network Limited, and Globasure Limited.

The gazette noted that the affected operators failed to comply with the obligations imposed on them by the CBN in accordance with provisions of the Banks and other Financial Institutions Act (BOFIA) Cap B3, Laws of the Federation 2004.

“I, Godwin Ifeanyi Emefiele, Governor of the Central Bank of Nigeria, in exercise of the powers conferred on the Central Bank of Nigeria under Sections 60 and 62 of BOFIA, CAP B3, Laws of the Federation of Nigeria, 2004 hereby revoke the licenses of the payment service providers listed in Schedule I and the switch licence of payment services providers listed in Schedule II attached hereto.” the gazette reads.

The bank recently revoked the operating licences of 42 microfinance banks (MFBs) in the country.

Follow us on social media
  • Facebook
  • Twitter
  • Instagram

Share this:

  • Twitter
  • Facebook

Like this:

Like Loading...
Tags: CBN
Previous Post

Lagos Opens Entries For Teachers Merit Awards

Next Post

New Covid-19 Strain: FG Lists New Travel Rules For UK, South African Travellers

Rosemary Opara

Rosemary Opara

Related Posts

Sanwo-Olu Approves Nominees for Local Government Service Commission

Sanwo-Olu To Pitch Lagos As Investment Goldmine To 100 British Entrepreneurs

by Segun Adewunmi
January 18, 2021
0

Lagos State Governor, Babajide Sanwo-Olu, has been invited to pitch to over 100 British businesses, including policy makers, to generate...

China, Nigeria Sign $8 Billion Deal on Oil Refinery

China, Nigeria Sign $8 Billion Deal on Oil Refinery

by Segun Adewunmi
January 18, 2021
0

China has signed a deal with Nigeria to build an $8-billion oil refinery near the city of Lagos, in another...

Next Post
New Covid-19 Strain: FG Lists New Travel Rules For UK, South African Travellers

New Covid-19 Strain: FG Lists New Travel Rules For UK, South African Travellers

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Australia Boasts It Has “Secured Access” To Covid-19 Vaccine

Australia Boasts It Has “Secured Access” To Covid-19 Vaccine

5 months ago
Covid: South Africa passes one million infections as cases surge

Covid: South Africa passes one million infections as cases surge

3 weeks ago

Popular News

    Newsletter

    Connect with us

    Tags

    #EndSARS #EndSARS Protests ACCIDENT CBN Child abuse China coronavirus Coronavirus pandemic Covid-19 Covid-19 in Lagos Covid-19 in Nigeria Covid-19 Vaccine Covid-19 Worldwide CP Hakeem Odumosu Donald Trump Federal Government Fraud Gov. Sanwo-Olu Gov Sanwo-olu India Joe Biden Lagos Lagos police Lagos Police command Lagos State Government Lagos State House of Assembly Lagos State Police command LASEMA LASTMA Latest jobs in lagos Lekki Tollgate Shooting Muhammadu Buhari Murder NCDC Nigeria Rape Russia SARS Sexual Abuse Strike action Third mainland Bridge UK Unilag US WHO

    News

    • Business
    • National
    • Politics
    • Tech

    Opinion

    • Editorials
    • Today’s Opinion
    • Letters
    • Sunday Review
    • Advertise
    • Opinion
    • Features & Interviews
    • Investigation
    • Contact

    © 2020 The Lagos Today - Nkali.

    No Result
    View All Result
    • Home
    • Lagos News
    • Business
    • National News
    • Entertainment
    • Feature & Interviews
    • Food
    • Health
      • National News
    • Sports
    • Travel
    • Opinion
    • World News
    • Investigation

    © 2020 The Lagos Today - Nkali.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Create New Account!

    Fill the forms bellow to register

    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    %d bloggers like this: