Operators of Point-of-Sale terminals raised their charges on Monday in line with the implementation of the Electronic Money Transfer Levy of N50 by the Federal Inland Revenue Services charged on any electronic inflow of N10,000 and above. Several fintech platforms on Sunday notified their customers that they would start the collection of N50 as an […]

Wema Bank has concluded the 5th edition of its Hackaholics initiative, a programme designed to empower and support the nation’s brightest tech innovators. The grand finale, which took place recently in Lagos, witnessed a remarkable showcase of ingenuity and problem-solving prowess, culminating in seven startups sharing N145m in prize money—nearly double the initial prize fund […]

The Office of the Auditor-General of the Federation has received the necessary and complete documents required to verify the N2.7 trillion fuel subsidy claim by the Nigerian National Petroleum Company Limited against the government, The PUNCH reports. This is as the procurement department of the finance ministry obtained the terms of reference and the scope […]

…Invites companies that left Aba to return       By Foster Obi As the maiden edition of the Aba International Trade Fair kicks off, Abia State Governor Dr Alex Otti says he is quite pleased to see several important national and international brands displayed at the event. Addressing participants at the opening ceremony on […]

The Manufacturers Association of Nigeria (MAN) has emphasized the need to shield genuine manufacturers from “spurious” claims under the guise of consumer rights protection. Director General of MAN, Segun Ajayi-Kadir, said this at a webinar organised by the association with the theme, “Balancing the Equation between Consumer Protection and Manufacturers’ Rights”. According to Ajayi-Kadir, there is […]

The Securities and Exchange Commission, SEC, has warned the public not to transact any business with Marino FX Limited, saying the company is not registered by the Commission to operate in any capacity in the capital market in Nigeria. In a notice issued yesterday the Commission stated, “We hereby notify the public that Marino FX […]

Oil marketers have expressed diverse opinions on the recent demand by the Dangote Petroleum Refinery, which stated that dealers must make advance payments before they can begin off-taking products from the Lekki-based refinery. This demand was advanced to marketers during a high-level stakeholder meeting organised by NNPC Group CEO Mele Kyari, representatives of the Major […]

African nations are grappling with a staggering 500 per cent increase in debt servicing costs when borrowing from global markets. The African Development Bank’s Vice President and Chief Economist, Prof Kevin Urama, said this at the 5th African Union Extraordinary Session of the Specialised Technical Committee on Finance, Monetary Affairs, Economic Planning, and Integration in […]