A Fintech player, Lai Labode, the CEO of CashToken Africa has commended the Nigerian Communications Commission (NCC) for its efficient regulatory process that has deepened Nigeria’s digital economy. Labode, in a statement by NCC’s Director of Public Affairs, Reuben Muoka, gave the recommendation at the opening of the ‘AfricaNext show’ in Lagos, on Monday. The […]
The Managing Director of Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan, has predicted more microfinance banks will join National Association of Microfinance Banks Unified Information Technology (NAMBUIT) platform this year. Hassan made the prediction at the 2022 NDIC Editors Forum. The theme of the Forum is “Deposit Insurance System (DIS) and Financial System Stability’’, on […]
Dangote Industries Limited (DIL) has signed an agreement with China Sinoma International Engineering to build a cement plant in Itori, Ogun State. The plant will capacity to produce six million tons of cement per annum. Aliko Dangote alongside the Group Executive Director, Strategy, Capital Projects & Portfolio Development, DIL, Devakumar Edwin and China Sinoma Engineering, represented by […]
The Independent Marketers Association of Nigeria (IPMAN) says petrol will be available and affordable in the next two weeks. IPMAN National Operations Controller, Mike Osatuyi, gave the assurance when he was featured on Arise TV’s Morning Show in Lagos on Wednesday. Osatuyi said that marketers were putting in place measures to end fuel scarcity across […]
The Federal Government has supported 280 export-oriented businesses with grants, resulting in the creation of 100,000 direct jobs. Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo said this while featuring on President Muhammadu Buhari’s administration scorecard programme series on Tuesday in Abuja. The Federal Ministry of Information and Culture organised the programme. Adebayo said […]
The International Monetary Fund (IMF) and Cameroon have reached a staff-level agreement that will give the country access to $74.6 million Cameroon would access the fund, once IMF Board formally completes the review, IMF said in a statement on Monday. The announcement followed IMF’s mission to Cameroon in January and virtual meetings to discuss progress […]
The Central Bank of Nigeria (CBN) has extended the deadline for the use of the old notes till Feb. 10. Bashir Ahmad, Special Assistant to President Muhammadu Buhari’s special assistant, Bashir Ahmad, announced this on his Twitter handle @BashirAhmaad on Sunday. According to the tweet, the apex bank governor, Godwin Emefiele, announced the extension in […]
The Nigeria Customs Service in Onne, Port Harcourt says it generated N242 billion as revenue in the 2022. The Comptroller of Customs, Auwal Muhammad, announced while handing over to the newly deployed comptroller, Baba Imam, to Onne. Muhammad said the figure represented a 28.3 per cent increase over the figure recorded previous year. He attributed […]
The Federal Government has given five primary lenders in the disbursement of the $350 million Caboge Fund 72 hours to draw up modalities for the fund. Director-general of the Nigerian Maritime Administration and Safety Agency (NIMASA), Bashir Jamoh, gave the directive at a meeting with the banks in Lagos on Tuesday. The NewsZenith reports that […]
By Our Correspondent The Federal Inland Revenue Service (FIRS) says it generated N10 trillion in revenue in 2022, the highest in its history. The Service gave the figures in its “FIRS 2022 Performance Update” released in Abuja on Monday. The CEO of FIRS, Muhammad Nami, released the document to the public after a briefing […]