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CBN Blacklist Fake Loan Apps, See Full List

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CBN Blacklist Fake Loan Apps, See Full List

The Central Bank of Nigeria (CBN) has blacklisted several fake loan applications that have been exploiting unsuspecting Nigerians.

The Federal Government endorsed this move, declaring these apps illegal and a menace to society due to their deceptive operations.

These illegitimate loan apps have been causing significant distress through their harassment of users and victims.

Notably, these apps operate outside the legal framework, as they are unregistered with the federal government and have now faced an official ban.

Read Also: Naira Strengthens Against Dollar By 0.32%

The rise of fake loan apps is a pressing issue in the digital age, where the ease and appeal of online lending platforms have unfortunately also paved the way for fraudulent activities.

Scammers behind these apps lure individuals with the promise of straightforward loan approvals and quick money transfers, targeting those with poor credit scores or limited access to traditional financial services.

Victims, often in dire financial straits, are duped into submitting personal and financial information under the guise of securing a loan.

This sensitive data is then misused for identity theft, financial fraud, or other illegal activities, leaving individuals vulnerable and financially strained.

The CBN’s crackdown on these deceptive apps signals a commitment to safeguarding citizens from digital financial crimes and ensuring a secure environment for legitimate online financial transactions.

Here are the list of fake loan apps that have been blacklisted by the CBN:

EasyCredit

EasiMoni

KashKash

Speedy Choice

GoCash

Soko Loan App

Fast Money

GetCash

Icoin Loan

Naira Plus

9jaCash

LionCash

GMoney

Fast Money

9credit

Swiftkash App

Hen Credit Loan App

Cash Door App

Joy Cash-Loan App

Eaglecash App

Luckyloan Personal Loan App

Getloan App

Easeloan Apps

Naira Naija

Cashlawn App

Easynaira App

Crediting App

Yoyi App

Nut Loan App

Cashpal App

Nairaeasy Gist Loan App

Camelloan App

Nairaloan App

Moneytreefinance Made Easy App

Cashme App

Secucash App

Creditbox App

Cashmama App

Crimson Credit App

Galaxy Credit App

Ease Cash App

Xcredit

Imoney

Naira Naija

Imoneyplus-Instant

Nairanaija-Instant

Nownowmoney

Naija Cash

Eagle Cash

Firstnell App

Flypay

Spark Credit

Luckyloan Personal Loan App

CBN Blacklist Fake Loan Apps, See Full List

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National

NiMet predicts 3-day sunshine, thunderstorms from Sunday

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NiMet predicts 3-day sunshine, thunderstorms from Sunday

NiMet predicts 3-day sunshine, thunderstorms from Sunday

The Nigerian Meteorological Agency (NiMet) has predicted sunshine and thunderstorms from Sunday to Tuesday across the country.

NiMet`s weather outlook released on Saturday predicted sunny skies on Sunday with patches of cloud over the northern region.

It forecast isolated thunderstorms are expected over parts of Katsina, Borno, Yobe, Adamawa, Kaduna, Kebbi, Jigawa and Taraba States during the morning periods.

According to it, isolated thunderstorms are anticipated over parts of Adamawa, Zamfara, Sokoto, Kebbi, Bauchi, Gombe, Kaduna and Taraba States later in the day.

“Cloudy skies with intervals of sunshine are expected over the North Central region with prospects of thunderstorms over Kwara, Niger, Benue and Kogi States during the morning hours.

“ Widespread thunderstorms are expected over parts of the Federal Capital Territory, Benue, Niger, Nasarawa, Plateau and Kogi States later in the day.

“Cloudy skies with intervals of sunshine are anticipated over the southern states with chances of thunderstorms over parts of Rivers, Akwa Ibom, Bayelsa, Cross River and Delta States during the morning periods, “ it said.

According to him, thunderstorms are anticipated over parts of Ebonyi, Enugu, Imo, Abia, Cross River, Akwa Ibom, Rivers and Delta States later in the day.

NiMet envisages sunny skies on Monday with patches of cloud over the northern region during the morning periods.

“ Later in the day, isolated thunderstorms are anticipated over parts of Kaduna, Adamawa and Taraba States.

“The North Central region should be cloudy with chances of isolated thunderstorms over parts of Kogi, Benue, Niger the Federal Capital Territory and Kwara States during the morning hours.

“In the afternoon/evening hours, isolated thunderstorms are expected over parts of the Federal Capital Territory, Niger, Plateau, Benue and Nasarawa States,“ it said.

According to it, the southern region should be cloudy with thunderstorms over parts of Edo, Ondo, Enugu, Imo, Anambra, Bayelsa, Rivers, Akwa Ibom, Cross River, and Delta States during the morning hours.

It anticipated thunderstorms over parts of Oyo, Ebonyi, Imo, Abia, Ekiti, Edo, Ogun, Ondo, Bayelsa, Rivers, Akwa Ibom, Cross River, and Delta States later in the day.

It predicted sunny atmosphere on Tuesday with patches of cloud over the northern region with prospect of thunderstorms over parts of Taraba during the morning hours.

It predicted isolated thunderstorms over parts of Kano, Katsina, Kaduna, Adamawa and Taraba States as the day progresses.

“ The North Central region should be cloudy with sunshine intervals with prospects of isolated thunderstorm over parts of Niger State during the morning hours.

“Later in the day, isolated thunderstorms are expected over parts of the Federal Capital Territory, Kogi, Kwara and Benue States.

“Cloudy atmosphere with intervals of sunshine is expected over the southern region during the morning hours,“ it said.

The agency predicted thunderstorms over parts of Lagos, Cross River, Akwa Ibom, Rivers, Delta and Bayelsa States later in the day.

NiMet urged the public to take adequate precaution as strong winds might precede the rains in areas where thunderstorms were likely to occur.

The agency also advised Airline operators to get updated weather reports and forecasts from NiMet for effective planning of their operations.

NiMet predicts 3-day sunshine, thunderstorms from Sunday

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Fuel scarcity will soon be over, Senate leader assures Nigerians

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Fuel scarcity will soon be over, Senate leader assures Nigerians

Fuel scarcity will soon be over, Senate leader assures Nigerians

The Senate Leader, Opeyemi Bamidele, has assured Nigerians that the fuel crisis experienced in the country will soon be a thing of the past.

Bamidele gave this assurance in an interview with newsmen on the sidelines of the Oil Technology Conference (OTC) in Houston, Texas, on Friday.

According to him, the legislature is working tirelessly to ensure that fuel scarcity and frequent queues at filling stations are resolved.

He said that there were plans to involve more private-sector players in the construction of new refineries.

“The Senate is working to ensure that more private-sector players are licensed to own and operate refineries.

“This is to support other smaller ones that are springing up in several parts of the country.

“In addition to licensing new refinery operators, the Federal Government and Senate are working to ensure that the existing refineries are turned around with repairs and replacement of parts carried out where necessary.

Bamidele said the Senate had gotten assurance from the Nigerian National Petroleum Company Ltd., (NNPC Ltd.) that two of its refineries in Warri and Port Harcourt would come on stream before the end of the year.

He also noted that the commitment to licensing new refinery operators and revitalising existing refineries remained vital for increasing domestic oil production.

Opeyemi maintained that the focus was to ensure that Nugeria meets its OPEC production quota.

He explained that achieving such milestones would provide more revenue for the government and halt lack and borrowings.

By enhancing local refinery capacity, the Senator said that the country could reduce its dependence on fuel imports, leading to a potential decrease in petrol prices.

He explained that what drives pricing is the ability to meet demand in the face of every product, finding its level and place in a free market.

Also speaking, the Chairman,
Senate Committee of Downstream, Sen. Ifeanyi Ubah, said the last Turn Around Maintenance (TAM) that happened at the refineries was about 15 years ago, which led to the comatose state of the facility.

Ubah said that the non-deregulation of the downstream sector had put undue pressure on NNPC Ltd., as the entire industry depends on company for its petroleum needs.

He pointed out that no country could meet its energy needs by having a single entity; importing its petroleum product needs.

However, to be self-sufficient, Ubah urged the government to create a cluster of five to eight modular refineries within the riverine communities.

Fuel scarcity will soon be over, Senate leader assures Nigerians

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National

NERC unbundles TCN, establishes new system operator 

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NERC unbundles TCN, establishes new system operator 

NERC unbundles TCN, establishes new system operator 

The Nigerian Electricity Regulatory Commission (NERC),  has unbundled the Transmission Company of Nigeria (TCN) with the establishment of the Nigerian Independent System Operator of Nigeria Limited (NISO)

The company disclosed  this in an order signed by its Chairman, Mr Sanusi Garba and Mr Muslim Oseni, Vice Chairman in Abuja on Saturday.

According to the order,  TCN will transfer all market and system operation functions to the newly formed NISO.

The company said that this is in line with the provisions of the Electricity Act 2023, which provides clearer guidelines for the incorporation and licensing of the independent system operator (ISO).

It said that previously, TCN held Transmission Service Provider (TSP) and System Operations (SO) licences issued by NERC.

”With the establishment of NISO, TCN will now transfer its assets and liabilities related to market and system operations to the new entity.

According to the order, the Bureau of Public Enterprises (BPE) has been directed to incorporate a private company limited by shares under the Companies and Allied Matters Act (CAMA) by May 31.

”This new company, to be named the Nigerian Independent System Operator of Nigeria Limited (NISO), will assume the market and system operation functions as specified in the Electricity Act and the terms of TCN’s system operation licence,”It said.

The company  outlined NISO’s responsibilities to include  managing assets and liabilities related to market, and system operation on behalf of market participants and consumer groups.

”The new ISO will also negotiate contracts for ancillary services with independent power producers and generation licensees.

”In addition to performing market and system operation functions for the benefit of market participants and system users”It said.

NERC unbundles TCN, establishes new system operator 

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