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• SoftBank is planning to invest $40 billion in OpenAI according to CNBC's David Faber

• Bank of China keeps medium-term lending facility rate at 2 percent on 900 billion yuan ($124.26 billion)

• CBN begins the enforcement of cybercrime levy at 0.005 percent on all electronic transactions

• Huawei is gradually making an inroad into the Nigerian banking sector, a development that is becoming more worrisome, according to reports

• CBN directs all PoS providers to route transactions through an approved payment terminal

• Why are Central Banks Stocking Up more on Gold Recently? – Gold Market Trends

• CBN has given next-of-kins the authority to access funds in dormant accounts of their loved ones

• Central Bank of Nigeria has directed all Banks to deposit their excess foreign currency notes with its branches

• Many unregistered loan apps have continued operation through APK amid the ongoing clampdown by FCCPC

• Heritage Bank: Shareholders have called for a probe of the management and directors

• CBN has lifted the restriction imposed on OPay, Moniepoint and other Fintech companies

• CBN announces revocation of operating license of Heritage Bank Limited with immediate effect

• Lagos Court has authorised GTBank to take over Afex Commodities Exchange over N17,808,452,467.107 loan

• Man with improvised explosive device reportedly stormed a bank in Dadin Kowa town, Jos South, Plateau State

• Central Bank of Nigeria has directed banks to charge 0.5 percent cybersecurity levy on transactions

• CBN has stopped mobile money operators like OPay, Palmpay, Kuda Bank, and Moniepoint from onboarding new customers

• First Bank MD, Adesola Adeduntan, has resigned his appointment from the company after nine years

• CBN has reduced deposit money banks’ Loan-to-Deposit Ratio, LDR, to 50 per cent from 65 per cent to boost lending capacity

• Bank of Ghana has suspended two Nigerian-owned banks; Guaranty Trust Bank and First Bank

• US Chopper Crash Kills Access Bank CEO, Herbert Wigwe, Wife, Son and NGX Boss, Abimbola Ogunbanjo

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Top Ten Trends and Articles This Week:

  • • Naira Exchange Rates: Conversion of United States Dollar (USD), British Pound Sterling (GBP), and European Euro (EUR) to Nigerian Naira (NGN) at CBN Rates (NFEM) - Nigeria Currency Converter Calculator
  • • Processed meat 'linked to pancreatic cancer' - Research Study
  • • Egypt arrests top member of Sinai jihadist group
  • • Highest currency in Nigeria cannot buy a loaf of bread - Nigerian Actress Linda Osifo speaks out
  • • White woman sues over sperm donor from black man
  • • Nigeria season of open letters, Iyabo Obasanjo writes father
  • • Ebola: US Health workers worry hospitals aren't protecting them
  • • American doctor infected with Ebola virus
  • • EFCC Arrests and Arraigns Influencer “Blessing CEO” Over Alleged N36m Fraud in Lagos
  • • Several injured after train derails in Kenya
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