Author Archive for: Oyevic

Canada unveils new visa requirements; raises proof of funds from $10,000 to $20,000

Canadian authorities have announced that “cost-of-living financial requirement for study permit applicants” for international students will increase from $10,000 to $20,000, starting from January 1, 2024. Marc Miller, Canadian Minister of Immigration, Refugees and Citizenship, made this announcement in a statement on Thursday. “Starting January 1, 2024, the cost-of-living...

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Non-deposit financial institutions to be taken down from fund transfer channels – NIBSS

System has asked banks to delist Payment Solution Service Providers, Switches and Super Agents from its outward payment or transfer list. The NIBSS disclosed this in a recent circular dated December 5, 2023, with Ref: NIBSS/BD/NI/PO/005/051223 to banks.The country’s payment system explained that listing non-deposit-taking financial institutions as beneficiaries...

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