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TAJBank Deploys NQR Solution To Ease Customers’ Transactions

TAJBank, Nigeria’s most innovative non-interest bank, has announced the deployment of the NQR Payment solution, an indigenous Quick Response Code by NIBSS, for merchants and customers as the newest addition to its innovative e-business channels. The NQR Payment solution is a secure QR-code-based payments and collections platform developed for merchants and customers to receive and […]

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COVID-19 Protocols: FAAN Tasks Airport Users On Compliance

The Federal Airports Authority of Nigeria (FAAN) on Monday urged air travellers, drivers and other airport users, particularly those at the General Aviation Terminal (GAT), Lagos, to strictly comply with laid down protocols on COVID-19 pandemic control to ensure safety of all airport users natiowide. The Authority, in a statement by its General Manager, Corporate […]

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NAFDAC Cautions Nigerians On Enhancing Foods, Drinks With Chemicals

The National Agency for Food, Drug Administration and Control (NAFDAC) has warned Nigerians against adding chemicals and additives to food and drinks to enhance taste, stressing that such practices could result in severe illness and even death. The Director General of NAFDAC, Prof. Mojisola Adeyeye, in a statement signed by its Resident Media Consultant, Sayo […]

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Senate Moves To Recover N16Trn AMCON Loans

The Senate on Tuesday considered a bill seeking to empower the Asset Management Corporation of Nigeria (AMCON) on assets recovery and strengthen it against economic sabotage by debtors with unpaid loans to the tune of about N16 trillion. Specifically, the AMCON Amendment Bill 2021, which scaled second reading on the floor, was sponsored by Senator […]

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Climate Change Threatens Water Access For World’s Poorest – WaterAid

WaterAid, an international not-for-profit organisation works in 28 countries to change the lives of the poorest and most marginalised people, has raised an alarm over the impact of climate change on people’s water supplies globally and called for urgent actions by national government to help the world’s poorest communities adjust to changing weather patterns. Specifically, […]

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Bank Of Industry To Support MSMEs With $1Bn

The Bank of Industry (BoI), under the auspices of Federal Ministry of Industry, Trade and Investment in conjunction with international partners, has concluded a $1 billion syndicated term loan deal to support Small and Medium Scale Enterprises (MSMEs) in the country. The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, gave this hint at […]

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USSD Debt: Stakeholders Set Six-Point Settlement Agenda, New Pricing Regime

Key Federal Government agencies and top players in the nation’s telecommunications sector on Monday ended their meeting with a six-point measure to forestall future indebtedness and disruption of Unstructured Supplementary Service Data (USSD) services channel to bank customers nationwide. USSD is a critical channel for delivering financial services, particularly for the underserved and/or financially excluded. […]

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AfDB President, Prof. Stiglitz Advocate Debt Restructuring Plan For Africa

The African Development Bank (AfDB) President, Dr. Akinwumi Adesina, and Professor Joseph Stiglitz have called for a quick and comprehensive plan for debt restructuring in Africa. Making the call at the launch of the AfDB’s 2021 edition of its annual African Economic Outlook, Adesina urged African governments to consider collectively establishing an African financial stabilization […]

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NCAA Suspends Azman Airlines Over Safety Issues

The Nigerian Civil Aviation Authority (NCAA) on Tuesday announced the suspension of Azman Airlines from operating in the nation’s airspace with immediate effect. The industry standards regulatory agency hinged its action on series of safety incidents involving the airline, especially its Boeing 737 aircraft. Confirming the suspension of the airline, the Director General of NCAA, […]

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Senate Commences Labour Act Review, Mulls Stiffer Sanctions For Offenders

The Senate on Tuesday commenced moves to review the Labour Act with a view to making its provisions conform to best labour principles and provide stiffer penalties for various offences ranging from modern slavery, child Labour to discrimination against women in the work place. The amendment to the Labour law seeks to introduce stiffer penalties […]