Archives for August 15, 2023
Ecobank To Promote Ease Of Cross-Border Business Via Foreign Currency Transfer On Mobile, Omnilite Apps”
By Ngozi Onyeakusi---Ecobank has reiterated that the introduction of Foreign Currency transfer on Ecobank Mobile and Omnilite app is to promote and facilitate ease of cross-border business and financial transactions,…
Payment System Stakeholders To Discuss Digital Infrastructure At FICAN Confab
By Ngozi Onyeakusi---In view of the challenges that emerged from the electronic payment system in the first quarter of 2023, stakeholders are set to provide solutions in line with Nigeria's…
NCC Showcases Indigenous Telecom Achievements at NTICE 2023 Expo
NCC logo By Ngozi Onyeakusi---The Nigerian Communications Commission (NCC) is set to showcase achievements so far recorded in the promotion of indigenous content in the telecommunications sector at the second…
Economist warns against corruption in implementation of presidential palliatives
...Says tax reform committee will create new revenue ideas Chief Marcel Okeke By Ngozi Onyeakusi---An economist, Mr. Marcel Okeke has warned that corruption could derail President Bola Ahmed Tinubu's…
Diesel price hits N950/litre, manufacturers fear shutdowns, job losses
Diesel illustration Oil marketers, on Monday, said the foreign exchange crisis in Nigeria and the recent implementation of a percent Value Added Tax on Automotive Gas Oil, popularly called diesel,…
Nigeria’s Crude Oil Underproduction Losses Hit N6.8tn in Seven Months
Drums of oil Nigeria’s inability to ramp up production to meet the Organisation of Petroleum Exporting Countries (OPEC) output quota cost the country a gross loss of about trillion in…
Banks Barred From Dismissing Loans Granted To Directors
Banks By Ngozi Onyeakusi---The Central Bank of Nigeria (CBN) has issued a directive stopping banks from writing off loans extended to their directors and associates without its approval. The directive…
CBN set to name, shame banks involved in forex round tripping
By Ngozi Onyeakusi---Central Bank of Nigeria CBN said it has resolved to name and shame bank involved in foreign exchange round tripping. The apex bank said this while reacting to…