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CBN to mop up dormant account balances

    The CBN has proposed that banks transfer funds from accounts that have been dormant for up to 10 years. So, the funds will be transferred to a trust fund account. This statement was recently released in an exposure draft of guidelines. It was on Management of Dormant Accounts, Unclaimed Balances and Other Financial […]

Banana Island building collapses

  A seven storey building under construction has collapsed on First Avenue, in the Banana Island area of Ikoyi, Lagos State. The sad event happened on Wednesday. Afterward, no fewer than seven people have been rescued from the rubble. It was reported that immediately after the incident, emergency responders were on the scene for rescue. […]

New feature for WhatsApp users in Brazil 

    The tech company Meta has unveiled a payment feature. This is for WhatsApp users and local business owners in Brazil. This was announced on the company’s website on Tuesday. First, Brazil’s WhatsApp users can now pay businesses via the app’s end-to-end encrypted chat. Also, this feature operates like a shopping app. Customers can […]

Petrol price increases by 81% 

    The price of Premium Motor Spirit commonly called “petrol,” has risen by 81% in the past three years. This analysis was conducted by the National Bureau of Statistics. Also, findings show that the Federal government has paid N5.83 trillion in subsidies on petroleum products.   Further data from the NBS showed that between […]