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AK assault rifles, RPG 7 rocket launchers, mortar tubes, quadcopter drones, and ammunition. These are some of the weapons JNIM displayed after its attacks a few days ago on two Beninese army barracks in Koalou, near the Burkina Faso border, an attack that killed 12 soldiers. BREAKING 🇳🇬🚨: Terrorists Attack Kogi Community, Kill One, Abduct Over 30 Including Bus Passengers – Armed attackers killed one person and abducted over 30 residents and travelers in a Kogi State community, with no rescue confirmed. BREAKING 🇳🇬🚨: Boko Haram Plans “Quranic Graduation” for Over 100 Abducted Women and Children in Kwara – Families say the victims remain in captivity and are being subjected to indoctrination activities, raising fresh concern over their safety. BREAKING 🇳🇬🚨: Abductors Threaten Forced Marriage of Kwara Emir’s Abducted Wives Over Ransom Delay – Armed kidnappers holding the Emir of Yashikira’s wives reportedly issue threats linked to a ₦150 million ransom demand, heightening fears over their safety. PROTEST 🇳🇬✊: Oyo Residents Storm Ibadan, Demand Release Of Abducted Principal, Teachers And Pupils BREAKING 🇳🇬👑: Yoruba-born sprint sensation Tobi Amusan storms to victory in the women’s 100m hurdles final at the Rabat Diamond League, setting a new world record and once again putting Nigeria on top of the athletics world. 🔥🏃🏾‍♀️ “I Can’t Do Anything About Insecurity Until I Become President in 2027” – Gov Makinde Tells Oyo Parents as Abducted Children Remain in Captivity BREAKING 🇳🇬🗳️: Peter Obi has officially unveiled Rabiu Kwankwaso as his running mate for the 2027 presidential election under the Nigeria Democratic Congress (NDC), sealing a major North South political alliance ahead of the next general elections.

BUSINESS

CBN Lifts Suspension on Fintech Firm, PalmPay

June 5, 2024 • 2 min read

5th June 2024

Financial technology platform, PalmPay, has resumed onboarding of customers, following lifting of the ban imposed on it by the Central Bank of Nigeria, (CBN).

The Managing Director of PalmPay, Chika Nwosu, who confirmed this in Lagos yesterday, said: “We are pleased to announce that the onboarding of new customers has resumed on our platform for individual and business users following the review by the CBN.

“We are thrilled to continue our mission to provide more Nigerians with access to secure and reliable financial services.”

Recall that CBN had stopped four fintech companies, including OPay, Palmpay, Kuda Bank, and Moniepoint from opening new accounts until further notice.

However, the directive threatened some customers of the fintech companies as some of them attempted to discontinue their patronage with the affected banks.

But while the order lasted, Nwosu assured customers, saying “Fintech has come to stay. We have had several meetings with different stakeholders, with the Economic and Financial Crimes Commission, EFCC, National Security Agency, NSA, Central Bank of Nigeria, CBN and with the Fintech ecosystem.

“To be very honest with you, there is no issue, everything happening is to make Fintech in Nigeria better and to offer better services to the people. It is for the good of the people.”