Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has disclosed that the Federal Government will disburse $120 million to international airlines plying the Nigerian routes next Monday, October 31, to partly offset their trapped funds in the country. The governor disclosed that the decision was taken at a meeting between the leadership of […]
Author: brtnews
RMAFC To Review Political, Other Public Office Holders’ Remuneration
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has concluded arrangements to start the process of reviewing the remuneration of political, public and judicial office holders in the country. The Chairman of the Commission, Mohammed Bello Shehu, gave this hint when he led a delegation of the commission’s management on a courtesy visit to the […]
NCC Offers By Auction New Slots On 3.5GHz Band For 5G Services
The Nigerian Communications Commission (NCC) has offered two slots of 3.5GHz spectrum band for auction before end of 2022, to enhance the deployment of Fifth Generation (5G) services in Nigeria. The process, which was made public on 21st October 2022 with the publication of the Draft Information Memorandum (IM) for the auction on the Commission’s […]
NCC Receives Cybersecurity Award, Assures Safer Internet Space
The Nigerian Communications Commission (NCC) at the weekend received a cybersecurity promotion award at the maiden edition of Cybersecurity Merit Awards hosted by the Cybersecurity Experts Association of Nigerian (CSEAN), which enumerated several steps taken by it to promote a safer Internet. The award, which was conferred on the commission, listed its contributions to the […]
Rishi Sunak Emerges UK’s Prime Minister
Former Chancellor of the Exchequer, Rishi Sunak, has emerged the UK’s next prime minister after Penny Mordaunt dropped out of the Tory leadership race in the final minutes before nominations close. According to the BBC, this announcement was made Monday afternoon after it emerged that ex-PM Boris Johnson pulled out of the race to seek […]
Naira Slightly Recovers, Exchanges N753/$1 At Parallel Market
Nigeria’s currency, the Naira slightly recovered in exchange value against the US dollar at the black market on Monday and traded at N753/$1 compared to the N755/$1 it traded on Friday. According to information sourced from black market traders by our correspondent, the appreciation of the Naira at the parallel market was due to increased […]
FG Reiterates Commitment To Resuscitation Of Ajaokuta Steel Firm
Nigeria’s Ambassador to the Russian Federation, Prof. Abdullahi Shehu, on Sunday restated Federal Government’s plans to resuscitate the Ajaokuta Steel Company, one of nation’s largest assets, through new discussions with potential Russian investors. The envoy was quoted by the News Agency of Nigeria (NAN) as giving this hint in Moscow during an interview, recalling that […]
ASHON Urges Members On Business Model Innovation For Competitiveness
The Association of Securities Dealing Houses of Nigeria (ASHON) has charged its members to commence adopting new business strategies to enable them cope with the emerging challenges and peculiarities of the operating environment and reposition their entities for improved competitiveness in the investment market. The Chairman of the association, Mr. Sam Onukwue, gave the charge during […]
WIW 2022: SEC To Parley Stakeholders On Investor Resilience, Sustainable Finance
The Securities and Exchange Commission (SEC) Nigeria, in collaboration with the Financial Literacy Technical Committee (FLTC), will from today through Friday this week join the global community to celebrate the 6th edition of the 2022 World Investor Week (WIW). The WIW is being coordinated by the International Organisation of Securities Commissions (IOSCO) and the key message […]
Yellow Card Gets First-Ever African Crypto Licence For Botswana Operations
Pan-African cryptocurrency company, Yellow Card, has made another significant stride in the industry, becoming the first cryptocurrency company on the continent to be granted a Virtual Asset Service Provider licence to operate in Botswana. The licence, in accordance with Section 11 of the Virtual Asset Act, 2022, was issued by the Non-Bank Financial Institutions Regulatory […]