Business
Excitement Greets OPay’s Resumption Of On-boarding New Users
OPay, a leading financial technology platform, has announced the receipt of approval from the Central Bank of Nigeria (CBN) to recommence on-boarding new users.
The decision, according to OPay, underscores its dedication to regulatory compliance, robust security measures, and the ongoing battle against financial crimes.
In a statement by Adekunle Adeyemi, Head of Marketing at OPay, expressed excitement about the news, stating, “We are thrilled to welcome new users to the OPay family.”
He added that, “This milestone underscores our dedication to building a secure and inclusive financial ecosystem for all Nigerians.”
OPay prioritizes user safety and financial security, adhering to strict Know Your Customer (KYC) verification processes to ensure the legitimacy of all accounts.
The company urges all users to complete the verification process thoroughly.
The statement reads, “We extend our sincere gratitude to our existing customers for their unwavering support and understanding during this period. Your patience and trust have been invaluable.
“OPay remains dedicated to its mission: simplifying financial services through technology, making transactions effortless, and offering a seamless payment experience for every Nigerian. They urge customers to stay tuned for exciting new features coming soon to the OPay App.”
The Nigerian Economic Summit Group (NESG) has projected that the country has the potential to achieve a 5.5% growth in Gross Domestic Product (GDP) if critical policy reforms are sustained.
This was disclosed on Thursday during the launch of the NESG’s 2025 Macroeconomic Outlook report.
Speaking at the event, the Chief Economist and Director of Research & Development at NESG, Dr. Olusegun Omisakin, highlighted the need for more efficient policy implementation to unlock Nigeria’s economic potential.
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“We believe at the optimal level, if we embark on more efficient policy reforms, the Nigerian economy has the potential, the GDP to end up at 5.5 per cent, and we believe that this is achievable,” Omisakin stated.
More to follow……….
The Central Bank of Nigeria (CBN) has announced the release of the Nigerian Foreign Exchange (FX) Code, a set of guidelines designed to promote ethical conduct among authorized dealers in the country’s FX market.
In a statement, the apex bank disclosed that the official launch of the Code would take place on Tuesday, January 28, 2025, at the CBN Head Office Auditorium in Abuja.
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“The Central Bank of Nigeria has approved the release of the Nigerian Foreign Exchange (FX) Code as a guideline to the banking industry to promote the ethical conduct of authorised dealers in the Nigerian Foreign Exchange Market,” the statement read.
The introduction of the FX Code is expected to enhance transparency, accountability, and professionalism within Nigeria’s foreign exchange ecosystem, aligning it with global best practices.
The event is anticipated to attract key stakeholders in the financial and banking sectors, as well as representatives from authorized FX-dealing institutions across the country.
The 47th President of the United States, Donald Trump attracted up 3 trillion dollars in investments into the country’s economy in his first full day at work.
This was gleaned from the verified handle of the POTUS on micro-blogging site, X, on Wednesday.
Biztellers reports that the POTUS is focused ensuring at least $1 trillion investment daily for the first seven days of his return to the White House, which would be driven by key clearly identified areas, including artificial intelligence.
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President Trump wrote, “In total, before the end of my first full business day in Washington and the White House, we’ve already secured nearly $3 trillion of new investments in the United States.
“And probably, that’s going to be six or seven by the end of the week.”
In a short video clip accompanying the statement, President Trump assured that the surge in investments would likely hit $7 trillion within his first seven days as the 47th POTUS.
He highlighted that artificial intelligence had proven to be an area lots of willing entrepreneurs had shown much appetite for.
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Damaris Feeney
June 5, 2024 at 8:31 am
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