The Nigerian Communications Commission (NCC) has announced its arrangements for a newly packaged 30-Minute weekly television programme tagged ‘Telecom Weekly’ through which it will regularly x-ray the Nigerian telecommunications and information communications technology (ICT) industry and provide awareness for telecommunication consumers in the country and globally. The commission’s Director, Public Affairs, Mr. Reuben Muoka, in […]
Tag: banking
CBN Sensitizes Traders On New Banknotes, Assures Availability
The Central Bank of Nigeria (CBN) on Tuesday assured marketers and traders that it had sufficient quantity of the newly redesigned banknotes for circulation and that they can get the new N200, N500 and N1,000 notes through Automated Teller Machines (ATMs) nationwide. The apex bank’s Branch Controller, Lagos State, Mr. Koyor Baribokola, gave the assurance […]
FEMA Slashes NFIP Reinsurance Programme Placement By Over 50%
The U.S. Federal Emergency Management Agency (FEMA) has completed its 2023 traditional reinsurance placement for the National Flood Insurance Programme (NFIP), transferring an additional $502.5 million of flood risk to the private reinsurance market for a total premium of $90.2 million. A news report from Reinsurance News, an industry-focused on line medium, on Wednesday indicated […]
Equities Market Ends Week Bullish, As Investors Gain N193Bn
Trading on the floor of the Nigerian Exchange (NGX) was bullish on Friday with investors gaining N193 billion at the end of the week’s trading sessions as bulls sustained their grip on the local bourse during the day’s trading As expected, the market’s All Share Index (ASI) also increased by 0.69% to close at 51,222.34 […]
CBN Launches Countdown On Old Naira Notes’ Deadline
Despite public complaints against the deadline set by the Central Bank of Nigeria (CBN) on full withdrawal of old N200, N500 and N1,000 notes from circulation, the apex bank on Friday launched a countdown to the January 31 deadline when the old notes will cease to be legal tender. The apex bank while unveiling the […]
Nonicoms Boss Urges Service Providers To Explore AfCTA’s Benefits
The Managing Director of Nonicoms Telecommunications Limited, Alhaji Umar Abdullahi, has charged telecom service providers in the continent to leverage the benefits of the African Continental Free Trade Agreement (AfCFTA) to grow the sector in the region. The industry top player was quoted in an interview with the News Agency of Nigeria (NAN) on Friday […]
DMO Clarifies Nigeria’s Debt Stock, Allays Non-Sustainability Fears
The Debt Management Office (DMO), on Thursday reacted to growing concerns about Nigeria’s surging debt stock, saying there is no need for alarm as the debt remains manageable based on the existing debt management strategy. The DMO Director-General, Ms. Patience Oniha, in a statement in which she specifically reacted to media reports that the incoming […]
NFIU Sets Stiff Penalties For Public Accounts Withdrawal Limit Violators
In furtherance of its efforts to ensure that the provisions of the Money Laundering Act are fully complied with in the nation’s public finance system, Nigerian Financial and Intelligence Unit (NFIU) on Thursday announced a total ban on cash withdrawal from Public Accounts and payment of Estacode and travel allowances in cash and criminalized it. […]
Stamp Duty Saga: FG Awaiting Outcome Of Ongoing Probe – Ahmed
The Federal Government has assured the public of its readiness to act on the recommendations that may be submitted by the panel currently investigating the the N89 trillion Stamp Duty proceeds allegedly stolen from the Central Bank of Nigeria (CBN) accounts. A House of Representatives member, Hon. Muhammed Kazaure, had on December 14, 2022 raised […]
Enugu DisCo To Commence 2023 Meter Mapping For Anambra Customers
The Enugu Electricity Distribution Company (EEDC) on Thursday hinted of its plans to flag off the 2023 mobile mapping process for mass metering in Anambra on January 10 as part of its efforts to supply prepaid meters to un-metered customers in the state. The DisCo’s Head of Corporate Communications Department, Mr Emeka Ezeh, stated the […]