The Securities and Exchange Commission (SEC) Nigeria has identified investment in and deployment of financial technology (fintech) as crucial in attracting youth participation in the nation’s fast growing capital market and deepening its base. The commission’s Director-General, Mr. Lamido Yuguda, explained that this was why the commission had been encouraging operators to develop the right […]
The Naira sluggishly opened the week on Monday in sustained efforts to strengthen its exchange rate against the US dollar, trading at an average of N751/$1 compared to the N750/$1 it traded last Friday, representing 0.13% depreciation during the trading session. Some FX traders in the Federal Capital Territory (FCT) partly linked the slight depreciation […]
The Nigeria Customs Service Ogun I Area Command has reported N28.4 million as revenue generated through import duties, auction sales of scrap vehicles and petroleum products. The Command’s Area Controller, Comptroller Bamidele Makinde, who made this disclosure explained that genuine imported goods were assessed and processed under the Economic Community of West African States (ECOWAS) […]
Nigeria’s Federal Inland Revenue Service (FIRS) and the United Kingdom’s His Royal Majesty’s Revenue and Customs (HMRC) have signed a Memorandum of Understanding (MoU) for the purposes of improved collaboration on capacity building for their manpower resource. Speaking during the MoU signing event in London, the Executive Chairman of the FIRS, Mr. Muhammad Nami, explained […]
Major stakeholders in the telecom industry, led by the industry the Nigerians Communications Commission, (NCC), the industry regulator have agreed to work together on the rising data depletion complaints from telecommunication services consumers with a view to mitigating the challenge in the industry. The stakeholders, who spoke on the increasingly worrisome challenge at the 91st […]
Jaiz Bank Plc, Nigeria’s leading non-interest bank, has appointed Abdulkarim Alhassan as the Executive Director to oversee the Northern Operations of its Business Development. In his new position, Alhassan is expected to facilitate the Bank’s strategic planning and implementation, with a view to driving business growth and profitability in the Northern region. Before his latest […]
The Naira sustained its losing streak at the black market for the third consecutive day on Thursday, depreciating by 0.40% to trade at N755/$1 from the N752/$1 it traded on Wednesday. Some FX dealers linked lower exchange rate of the local currency to current lull in economic activities as buyers’ traffic to the parallel market […]
Mouka, one of Nigeria’s leading foam mattresses and other sleep products manufacturing companies, has joined the World Sleep Society and thousands of sleep health professionals and advocates raising awareness of the importance of good sleep for healthy living. The World Sleep Day, which is celebrated annually on March 17, is being commemorated this yearwith the […]
The Nigerian Communications Commission (NCC) has promised telecommunications service consumers in the country of its commitment, as a consumer-centric industry regulator, improved services from mobile network operators (MNOs) and other service providers on a sustainable basis. The commission’s Executive Commissioner (Stakeholder Management), Barr. Adeleke Adewolu, gave this assurance in his opening remarks at the World […]
Shell Petroleum Development Company of Nigeria Limited (SPDC), has announced the lifting of the force majeure on its 250,000 barrels per day (b/pd) Bonny export terminal effective from Wednesday, 15 March, 2023. One of the company’s spokespersons, who gave this hint said: “The Shell Petroleum Development Company of Nigeria Limited (SPDC), operator of the SPDC […]