Archives for August, 2023 - Page 6
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…
NIMASA ratified Conventions, the much sought after SPOMO Act
Between 2020 and 2023, the Nigerian Maritime Administration and Safety Agency (NIMASA) has brought the country to speed in the maritime world with ratification of 6 conventions. Under the Dr Bashir Yusuf Jamoh…
NSITF social safety net goes digital
In a bid to match global standards in social safety net as orchestrated by the International Labour Organization (ILO), the Nigeria Social Insurance Trust Fund (NSITF) says it has introduced…
NAFDAC Urges Collaboration among Stakeholders to Boost Export
The National Agency For Food and Drug Administration and Control (NAFDAC) has urged stakeholders to collaborate and work in unison in order to increase and improve volume of exports from…