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CBN Issues New Regulatory Framework For Open Banking In Nigeria

In furtherance of its sustained regulatory drive towards financial system stability in the country, the Central Bank of Nigeria (CBN) has issued the Regulatory Framework for Open Banking in Nigeria in its efforts to enhance competition and innovation in the banking system. Specifically, the Regulatory Framework established principles for data sharing across the banking and […]

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Proshare Forecasts Money Market Rates’ Upswing, TB Yields’ Slide

Proshare Nigeria Limited, Nigeria’s leading investment research firm, has projected sustained edge in money market rates this week even as it forecasts that yields from Treasury Bill (TB) investments may slide when compared with investors’ yields last week. The research firm, in its market outlook report for this week, noted that as at close of […]

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Operators Accuse N/Assembly Of Infractions In FTZs’ Activities

The Nigeria Economic Zones Association (NEZA), the umbrella body of Free Trade Zones operators and enterprises in the country, has cautioned the National Assembly and government agencies not to take actions that are inimical to attracting $25 billion Foreign Direct Investments (FDIs) yearly to the country through the Special Economic Zones’ scheme. The association’s Executive […]

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NACA Urges Airlines, Pilots On Safety Precautions During Rainy Season

The Nigerian Civil Aviation Authority (NCAA) has advised pilots, airline operators and other stakeholders in the nation’s aviation sector on the need for caution in their operations as hazardous weather associated with rainy season begins its manifestations in the airspace. The aviation sector regulator gave this charge on Tuesday in an Advisory Circular (AC) with […]

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Danbatta Lauds Pantami’s Appointment As 2022 WSIS Forum Chairman

The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, has congratulated the Minister of Communications and Digital Economy, Prof. Isa Pantami, on his appointment as the Chairman of the 2022 World Summit on Information Society (WSIS) Forum by the International Telecommunication Union (ITU). A statement by the commission’s Director, Public Affairs, […]

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During A Meeting Of FIRS On Deduction Of Withholding Tax On Commission With Stakeholders Within The FMCG, Gaming And Multi-Level Marketing Sector Held At Protea Hotel, Alausa, Ikeja On May 12, 2022

L-R: Director, New Growth Areas, Mr. Olujimi Aina, Executive Chairman, LIRS, Mr. Ayodele Subair, Managing Director, O. M Associates, Mr. Olufemi Oguntade; During A Meeting Of FIRS On Deduction Of Withholding Tax On Commission With Stakeholders Within The FMCG, Gaming And Multi-Level Marketing Sector Held At Protea Hotel, Alausa, Ikeja On May 12, 2022

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Nigeria’s Inflation Hits 16.8% In April, Highest In 8 Months

Nigeria’s inflation rose to 16.82 percent in April this year, representing the highest rate in the past eight months. The National Bureau of Statistics (NBS) in its Consumer Price Index (CPI) report for month published on Monday attributed the spike in the general price level in the economy to increases recorded in food and energy […]

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FIRS Lauds Nigeria’s 2021 Top-Performing Taxpayers On Compliance, Support

The Federal Inland Revenue Service (FIRS) has commended Nigeria’s top-performing taxpayers in the year 2021 them for fulfilling their fiscal obligations and thereby assisted government to meet its social contract with the Nigerian citizens, despite the harsh economic conditions imposed by the COVID-19 pandemic. The revenue agency, in a statement signed by its Executive Chairman, […]

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TotalEnergies, Partners Inaugurate Projects In Six States

TotalEnergies and its partners have inaugurated projects in Borno, Benue, Kaduna, Gombe, Delta and Anambra states as part of  the oil marketing company’s Batch 4 Corporate Social Responsibility (CSR) projects. A statement hoisted on the company’s website on Sunday indicated that the projects comprised fully equipped solar-powered science laboratory, water treatment plants to solar-powered ICT […]

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Aviation Fuel Scarcity To Worsen Flight Disruptions – Operators

The Airline Operators of Nigeria (AON) on Monday alerted the public that the lingering scarcity of JetA1 fuel, also known as aviation fuel, would further exacerbate flight reschedules and cancellations now being experienced by air travellers unless urgent steps are taken by government to address the problem. The Chairman, United Nigeria Airline and the spokesperson […]