Àbíkẹ́ not Dabiri

Aquarius|| Journalist || O-(need a blood donor?)

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Shoprite Nigeria struggling under new owners as shelves go empty, stores close

https://t.co/BerFmm08JC

[Àbíkẹ́ not Dabiri @ayogboyegaa]

@Osunwede Hi, Turah
Please can i send you a DM?

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Disengaged CBN staff sue apex bank over mass layoff, demand fair compensation https://t.co/wOwgyWMKpn

[Àbíkẹ́ not Dabiri @ayogboyegaa]

If you’ve encountered similar issues with other banks or know someone who’s experiencing these problems, I’d appreciate hearing from you.

Thanks in advance!

[Àbíkẹ́ not Dabiri @ayogboyegaa]

Hi,
I’m currently working on a story about the service disruptions at GTBank, which have made financial transactions frustrating for more than three weeks.

[Paul Alaje, Ph.D @PaulAlaje]

You are invited to this annual national colloquium. Kindly register to participate. Please repost. Thank you.

[🧘🏽‍♀️P _ AUTOS @progress_ejiogu]

CAN I HELP YOU? I vividly remember hearing this exact question that gave me a big relief after 30mins of being stranded at fidelity bank festac town Lagos.
On this fateful Saturday morning in February 2021 I had tried withdrawing some money from the atm in order to rush

1/

[Paul Alaje, Ph.D @PaulAlaje]

CBN Releases Reversed Regulatory And Supervisory Guidelines For Bureau De Change Operations In Nigeria, Here Are Key Points :

1.⁠ ⁠Bureaux de Change (BDCs) now have tiers: Tier 1 requires a minimum capital of N2bn (this is for a national license), while Tier 2 has a minimum capital requirement of N500m (these can only operate within one state and are allowed a maximum of 3 branches).

2.⁠ ⁠A shareholder cannot own more than one BDC, thus preventing people from holding more than one license.

3.⁠ ⁠BDCs can now serve as agents to disburse funds on behalf of International Money Transfer Operators (IMTOs). Only amounts less than $500 can be received in cash, while larger amounts should be deposited in bank accounts. For foreigners, a card will be issued. Essentially, BDCs will now be able to issue Naira cards.

4.⁠ ⁠BDCs can now issue PTAs and BTAs.

5.⁠ ⁠BDCs are going digital and will need to integrate the Central Bank of Nigeria (CBN) reporting platform for transaction and Anti-Money Laundering (AML) purposes. They will also integrate Federal Inland Revenue Service (FIRS) and Nigeria Inter-Bank Settlement System (NIBSS) for Bank Verification Number (BVN) verification, among other things.

6.⁠ ⁠As a Tier 1 BDC, you must have a minimum of 5 board members and a maximum of 9. Tier 2 should have 7 members. The draft guideline provides for gender equality, so a board cannot be constituted with only one gender. The CBN must now approve of directors serving on the board of a BDC and another regulated financial institution. New qualifications now require board members to have experience working in financial institutions. In particular, independent directors must have worked on the management team of a BDC.

7. Banks and Other Financial Institutions (OFIs) cannot hold Bureau De Change (BDC) licenses. It remains to be decided whether some of the permissible activities of BDCs under the draft regulation, such as the issuance of Business Travel Allowance (BTA) and Personal Travel Allowance (PTA), will be exclusively reserved for the BDC.

8.⁠ ⁠There is now a very extensive requirement for licensing. It’s a whole lot. It is very similar to what the CBN would demand from a finance company or bank, with increased scrutiny.

10. Unlike banks- BTA/PTA threshold they can sell is bi annual - sell 4k to individuals and 5k to businesses cumulatively in a 6 month period

11. No more street trading

Source : Mallick

[Àbíkẹ́ not Dabiri @ayogboyegaa]

Chief, i appreciate 🙏🏼💪

[POTAM™️ 💙 @potam1304]

Happy birthday to you @ayogboyegaa

[Àbíkẹ́ not Dabiri @ayogboyegaa]

@sterlinghelp Please where is my money?
You promised to refund

[Àbíkẹ́ not Dabiri @ayogboyegaa]

@sterlinghelp please attend to your DM!

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Nigeria targets 77% increase in IGR – Edun https://t.co/kaxKNJNbba

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Naira is currently undervalued – Cardoso https://t.co/vnXJe9JVh4

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Nigeria GDP to grow 3.5% in 2024 – NESG https://t.co/yEcUDNG9Fy

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FIRS collects record N12trn in 2023, targets N19trn in 2024 https://t.co/JrljSMKyYS

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Ex-CBN Deputy Governor speaks on central bank’s plan to relocate key departments https://t.co/qrmHJZKYxb

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Frank Kokori, Ex-NUPENG secretary, is dead https://t.co/bL2Zi4BAVi

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[Àbíkẹ́ not Dabiri @ayogboyegaa]

RT @AfDB_Group: Le secrétaire général du #AFDBGroup, Vincent Nmehielle, et la ministre de l’Économie et des Finances du #Maroc, N…

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What is the current price of 1 litre of fuel in your area?