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

-
Image
 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...
Post a Comment

PRES. TINUBU SIGNS KALU'S BILLS ESTABLISHING 2 TERTIARY INSTITUTIONS IN ABIA . (PHOTO). #PRESS RELEASE.

-


 Press Release From the Office of the Deputy Speaker, House of Representatives.


June 16, 2025 


Tinubu Signs Kalu's Bills Establishing 2 Tertiary Institutions in Abia 


President Bola Ahmed Tinubu has signed into law two bills sponsored by Deputy Speaker of the House of Representatives, Rt. Hon. Benjamin Okezie Kalu, establishing Federal College of Education, Bende, Abia State and the Federal University of Medical and Health Sciences, Item Bende, Abia State into law. 


The President equally signed into law a bill for the act to establish a Federal University Okigwe, Imo State.


Whereas Kalu sponsored the two bills for the establishment of Federal College of Education, Bende, Abia State and the Federal University of Medical and Health Sciences, Item Bende, Abia State, he lobbied for the Federal University of Okigwe in Imo State for the people of the South East. 


The institutions aim to provide quality education, research opportunities, and cater to the educational needs of the South East region. 


The Federal College of Education, Bende will provide full-time courses, teaching, instruction and training in technology, applied sciences, commerce, arts, social sciences, humanities and management.


It will also carry out research in the development and adaptation of techniques, and make provision for the appointment of a provost and officials of the College to carry out the administration and discipline of students; and for related matters


Similarly, the University of Medical and Health Sciences, Item, Bende, Abia State will provide high-quality medical education and training to students, including undergraduate and graduate programs in various health-related fields; conducting research in medical sciences, health policy, and healthcare delivery to advance knowledge and improve health outcomes.

 

Essentially, the University is expected to improve human health and well-being through education, research, and service delivery.


The proposed Federal University Okigwe, Imo State will also provide quality education, research opportunities, and cater to the educational needs of the people.


In his reaction to the healthy developments, Kalu expressed gratitude to President Tinubu for signing the bills into law, appreciating the Senate, his House of Representatives colleagues, and Nigerians for their profound support.


He added that the establishment of the institutions marks a significant milestone in promoting education and development in the region.


Kalu urged the people of the South East people to continue supporting the Tinubu-led government, promising more democracy dividends. 


Signed:


Levinus Nwabughiogu, Chief Press Secretary to the Deputy Speaker, House of Representatives, Federal Republic of Nigeria

Comments

Post a Comment

Popular posts from this blog

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

-
Image
             Gerard Pique,welcomed their first child into the world last year January.Shakira told the magazine that ''I think it takes two to keep it passionate in relationships,a lot of laughter and a lot of fun moments together,that's essential but also affinity,you know.You have to be compatible.I'm really happy where i am right now,with the person that i'm with right now.He seems to want the same things i want,and that's very important''.More pictures below.                                                                                                                    
Read more

THE NEW OONI OF ILE-IFE,WILL NOT EAT THE HEART OF THE LATE OONI-PALACE CHIEFS.

-
Image
                           According to the Araba of Osogboland Chief Yemi Elebuibon,debunk the rumors that the new Ooni will eat the heart of the late Ooni of Ife as custom demands,so he cleared the air when he recently said that ''The heart of the late king would not be fed to the next Ooni.The eating of the heart of a departed King by an incoming one belonged to the past.It no longer exists.People still make this insinuation because many are barred from witnessing the burial of a king.What the incoming king will eat is the heart of an animal and not that of a human.Nobody will be buried with the Ooni.Nobody would be killed for any form o sacrifice''.Thank God he clarified the part that no one will be buried with the Ooni,because the rumors going round is that the Sarun,otherwise known as Abobakun,is on the run,to escape being buried with the late Ooni of Ife.Lowa Adimula of Ife,Oba Joseph Ijaodola,who is the Head o...
Read more

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

-
Image
Innoson Gives Out Brand New IVM G5 and Salary For Life To The Man Who Prophesied About His Vehicle Manufacturing In 1979.  Last Saturday, July 22nd the Chairman of Innoson Vehicle Manufacturing Company Ltd, Chief Dr Innocent Ifediaso Chukwuma OFR gave out a brand new Innoson IVM G5 to Mr Ikechukwu Osakwe popularly known as Osabros who prophesied to him in 1979 that he would be the first man in Africa to manufacture vehicles and sell to different African countries.  The prophecy was given at the period the then Innocent Chukwuma could not boast of a car, talk less of manufacturing one. According to Dr Chukwuma during the presentation of the car, he recalled on how Mr Ikechukwu Osakwe all the way from Kano blocked him at the front of his house early in the morning and told him he has a message for him.  Mr Osakwe went on to narrate a dream he had about him, how he saw in the said dream his vehicle manufacturing company known as CAP PLC. "He told me that CAP means Chukwuma ...
Read more