CBN LIMITS CARD ISSUING, MERCHANT ACQUIRING MARKET SHARE FOR FINANCIAL INSTITUTIONS. (PHOTO).

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 CBN limits card issuing, merchant acquiring market share for financial institutions The Central Bank of Nigeria (CBN) has introduced new measures aimed at curbing market concentration in the country’s payments ecosystem, including limits on the market share operators can hold across card issuing and merchant acquiring services. Card issuing refers to the provision of payment cards to customers, while merchant acquiring involves processing card payments on behalf of businesses. In a circular signed by Rakiya Yusuf, director of the payments system supervision department, on Monday, the apex bank said the measures are aimed at addressing concerns over market concentration, operational dependence, systemic importance and the localisation of payment transaction data. The CBN said rapid growth in electronic payments and digital financial services has increased the market presence of some operators, raising concerns about competition and resilience in the sector. “Accordingly, the CBN he...
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RCCG PASTOR WELCOMES TWINS AFTER 28 YEARS OF WAITING. (PHOTO).

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RCCG pastor welcomes twins after 28 years of waiting

Pastor Moses and his wife at the Redeemed Christian Church of God (RCCG) City of David in Abuja welcome twin boys after after 28-year journey of waiting and praying.

The good news was announced yesterday on Church Gist after they dedicated and named Pastor and Mrs Moses Jonah’s Children (Twins).

According to the information on ChurchGist, Pastor and Mrs Moses Jonah’s have benn praying and waiting for 28years before God answer there prayer.

Sharing photos of the couple, the post read: Yesterday to the glory of the Almighty God at RCCG CITY OF DAVID ABUJA, I dedicated and named Pastor and Mrs Moses Jonah’s Children (Twins) after waiting for 28years. God terminated 28 years of waiting. You are next in Jesus name. Our God is faithful.”

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