Five Companies Listed As Inactive On Nigeria’s CAC Portal Got N2.6Billion In Federal Govt Contracts, Payments In Two Months

At least five companies listed as “inactive” on the Corporate Affairs Commission (CAC) portal received a combined N2.6 billion in federal government contracts and contract-related payments between May and June 2026, raising questions about compliance checks in the award and payment of public contracts. An analysis of federal government payment records published on Govspend shows…

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Cardoso Blames Digital Payments, Inflation for Scarcity of N100 and N200 Notes as Nigerians Fear N5000 Note Is Coming

Central Bank of Nigeria Governor Olayemi Cardoso has attributed the growing scarcity of N100 and N200 notes to the rapid adoption of digital payments and the declining purchasing power of lower denominations, a development that has fuelled widespread speculation that the federal government may be preparing to introduce a higher banknote such as the rumoured…

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One Man Registers 5 Firms Within 48Hours, Secures Inflated N3.4Bn Nigerian Police Contracts Through 366 Payments, Supplying Sardines At ₦8,600 Per Tin, Others

A SaharaReporters investigation has exposed how a man registered five companies with the Corporate Affairs Commission (CAC) within two days and then used those companies, alongside three others he had earlier registered, to win suspiciously inflated contracts from the Nigeria Police Force led by Kayode Egbetokun. According to the investigation, five companies — Akulight Technologies…

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Stablecoins as the Future of Payments

Narrow banking is a concept first proposed by the Chicago School economists and was brought up again during the savings and loan crisis. It advocates for the separation of main banking functions, encompassing two primary categories of institutions: Narrow Banks: These financial institutions offer fully guaranteed deposits with premium liquid assets, such as Treasury Bills…

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Introducing PayApp by UCL: Revolutionising Cross-Border Tuition Payments for Global Students

Today, we officially launched PayApp By UCL, an innovative cross-border tuition payments platform designed to make international education more accessible, efficient, and transparent for students and institutions worldwide. PayApp empowers students and families to pay tuition fees across borders quickly, securely, and cost-effectively. With a mission to eliminate the financial friction of international education, PayApp…

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Russian firms use netting, gold and crypto in transborder payments, watchdog chief tells Putin

By Elena Fabrichnaya and Gleb Bryanski MOSCOW (Reuters) -Russian companies are successfully using netting, gold, and cryptocurrency to facilitate international payments, the head of Russia’s financial watchdog told President Vladimir Putin on Tuesday. Netting involves banks managing export and import payments through verified agents, with transactions centrally balanced to ensure counterparties receive their funds. International…

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Billions in Industry Payments Sway Specialist Care

Mercola proudly supports these charities and organizations. View All Charities & Organizations More About Mercola.com Disclaimer: The entire contents of this website are based upon the opinions of Dr. Mercola, unless otherwise noted. Individual articles are based upon the opinions of the respective author, who retains copyright as marked. The information on this website is…

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Celebrating Unified Payments’ Women Leaders — Guardian Life — The Guardian Nigeria News – Nigeria and World News

30 March 2025   |   6:01 pm Unified Payment Services Limited (UP®), established in 1997 as the pioneer fintech, shared industry service provider and payment scheme in Nigeria, continues to, continues to redefine digital payment landscapes, powering Africa’s financial future with unparalleled services as a trusted shared industry infrastructure. As Women’s Month draws to…

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Moniepoint Secures $110m Funding To Scale Digital Payments, Banking Solutions  – Independent Newspaper Nigeria

Africa’s fastest-growing financial institution, Moniepoint Inc has successfully raised US$110 million in equity financing, to power the dreams of millions of businesses and their customers across Africa and the diaspora. Moniepoint’s exceptional contributions to Nigeria’s financial services sector has been widely acknowledged alongside an enviable track record of serving customers across Africa.  Founded in 2015…

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