CBN Withdraws Licence Of Seven Payment Service Provider

Central bank of Nigeria (CBN) has withdrawn the licences of seven payment service providers in the country

The affected firms comprise E-Revenue Gateway Limited, Easifuel Limited, Eartholeum Network Limited, Transaction Processing System, Paymaster Limited, Grand Towers Limited and Globasure Limited..

The CBN made announced this in a report titled, revocation of operating licences of some payment service providers.

According to the apex bank, the companies have failed to undertake the kind of business for which their licences were issued for six straight months

YOU CAN ALSO READ: CBN Worried Over Nigeria’s Dependence On Oil Revenue

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