Oluwatosin Enesi

LAGOS PLANS YORUBA WEEK

A letter from the executive arm of the Lagos State government to the state House of Assembly has announced a decision to set the last week of September every year for the celebration of the Yoruba culture. The decision of the government followed a resolution passed by the Lagos Assembly at a sitting held on…

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CBN BARS O’PAY, MONIEPOINT , KUDA, OTHERS

The Central Bank of Nigeria has barred some microfinance banks, including Moniepoint, Opay and Kuda, from opening new accounts and accepting new customers.  The ban is over allegations that they were being used to funnel cryptocurrency and manipulate the naira’s value. Sources asserted that the CBN deemed the new-account-ban necessary to curb money-laundering activities which…

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