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Central bank grants 9mobile service payment bank license
9PSB (Payment Service Bank), a subsidiary of 9mobile, says it has been granted approval by the Central Bank of Nigeria (CBN) to commence operations in the country. 9mobile, in a statement on Saturday, said that its *990# payment service banking platform would help drive financial inclusion in Nigeria’s ecosystem. It said that CBN’s approval to 9PSB would also save bank customers from long queues in banking halls, consistent network failure, stringent documentations to access credit facilities and frequent transaction/dispensing error, among others. Speaking on 9PSB’s entrance into Nigeria’s financial sector, 9mobile Chief Executive Officer, Alan Sinfield, said there was a huge potential in the market and 9PSB was strategically positioned to expand its operations into financial services. “W...
Police seek support to meet operational, infrastructural needs
The Inspector General of Police (I-G), Mr Mohammed Adamu, has called on well meaning individuals and corporate bodies to support the Nigeria Police to meets its operational and infrastructural needs. The Force Public Relations Officer (FPRO), Mr Frank Mba, in a statement on Tuesday in Abuja, said the I-G made the call when he received three operational vehicles donated by Innoson Vehicle Manufacturing Company Limited. He said the I-G, represented by the Deputy Inspector General of Police (DIG), in charge of Operations, Mr Abdulmajid Ali, said the vehicles were donated to support the Community Policing programme. The I-G said the force had continued to receive commendable support from governments, corporate bodies and private individuals to ensure effective implementation of the community p...
