Business

An expert on Nutrition and the Head, Department of Food Science and Technology, Bayero University Kano Dahiru Adamu, says the Federal Government’s is right to close the border as it will enhance the rice value chain, food security and economic growth. Adamu said the action is strategic and intended to control and regulate the spate […]

The Federal Government says it will cancel the licences of eight power distribution companies as the Discos breached some provisions of the Electric Power Sector Reform Act in July 2019. Nigerian Electricity Regulatory Commission’s commissioner, Dafe Akpeneye in a notice posted on its website said the power firms have 60 days to explain why their […]

President Muhammadu Buhari will on Tuesday next week present the 2020 budget at a joint session of the National Assembly by 2pm. The President of the Senate, Ahmad Lawan, stated this at plenary on Thursday. Also at plenary, the Senate approved all the 16 recommendations contained in the report of the National Assembly joint Committee […]

Data released by Central Bank of Nigeria have shown that Electronic payment transactions worth N203.35 trillion have been carried out by banks between January and June, this year. The data which is CBN half-year e-payment figures  reveals that the deals occurred through cheques, Automated Teller Machines, Point of Sale, m-Cash, CentralPay, Remita, Nigeria Interbank Instant […]

The Federal Government says it has deactivated over 2.2 million improperly registered mobile telephone lines in the country. The Deputy Director/Head of Information, Press and PR Unit, at the Federal Ministry of Communications, Philomena Oshodin said the Nigeria Communications Commission blocked the lines following the directive of the Minister of Communications, Dr Isa Pantami. Oshodin […]

Nigeria has been ranked as one of the top-20 improvers in doing business by the World Bank Doing Business team Special Adviser to the President, Ease of Doing Business, Jumoke Oduwole said the World Bank Doing Business Report is an objective assessment of prevailing business environments based on a number of ease of doing business […]

Founder and Director, PayAttitude, Agada Apochi says the cashless policy introduced by the Central Bank of Nigeria is to discourage the preference for cash in exchange of value by businesses and individuals. Apochi in a statement, said the implementation of the cashless policy will help the CBN in stopping subsidy of the rich by the […]

The Central Bank is seeking the cooperation of state governors in revamping the nation’s economy which has been described as fragile owing to the increasing numbers of unemployment and growing population. CBN’s governor Godwin Emefiele speaking at a meeting with some state governors in Abuja, said addressing the twin problem of unemployment and population explosion […]

The Central Bank of Nigeria say withdrawals and deposits of physical cash in Nigeria will now attract processing fees payable by individuals or corporate owners of bank accounts involved. The CBN Director of Payments System Management Department Sam Okojere,  in a memo to deposit banks said the measure is put in place to encourage its […]

The National Pension Commission has collected N7.79 billion from employers that defaulted in remitting pension contribtutions deducted from their employees’ Retirement Savings Account. PenCom according to a report titled: Second Quarter 2019: Update on the Recovery of Outstanding Pension Contributions and Interest Penalty from Defaulting Employers, said the cash have since been credited to the respective […]


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