Business - Page 32

Access Bank Partners AfriGOpay To Strengthen Nigeria’s Payment Ecosystem

Mohammed Shosanya Access Bank has partnered with AfriGOpay, a financial services business affiliated with the Nigeria Inter-Bank Settlement System (NIBSS) to launch the first Nigerian national domestic card designed to meet the

March 30, 2023

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Glo-MTN Settle Interconnect Debt Dispute

Mohammed Shosanya The Nigerian Communications Commission (NCC) has announced that the interconnect debt dispute between MTN Nigeria Communications Plc. (MTN) and Globacom Limited (Globacom) has been amicably settled. A statement on Thursday

February 8, 2024

Business·IT&Telecoms

Reduce Telecom Taxes,NCC Begs States

Mohammed Shosanya The Nigerian Communications Commission(NCC),has appealed to States and Local Government Areas in Nigeria to reduce taxes imposed on telecom companies to enhance their growth as well as attract foreign investors

February 7, 2024

Business·IT&Telecoms

How CBN Uncovered $2.4bn Invalid Forex Claims From $7bn Backlog — Cardoso

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has disclosed that an audit uncovered invalid claims of up to $2.4billion out of the $7billion foreign exchange backlogs in the

February 6, 2024

Banking&Finance·Business

NCAA Warns Domestic Airline Operators Over Poor Service

Mohammed Shosanya The Acting Director General of the Nigeria Civil Aviation Authority (NCAA),Chris Najomo,has read riot act to domestic airline operators, expressing displeasure at the alarming reports of incessant delays, flight disruptions,

February 6, 2024

Aviation·Business

We Wont Convert $30bn Domiciliary Account Holdings To Naira -CBN

Mohammed Shosanya The Central Bank of Nigeria (CBN),has assured domiciliary account owners in the country that there is no plans to convert their deposits to Naira. The assurance is coming on the

February 3, 2024

Banking&Finance·Business

CBN Discontinues Ad Hoc CRR Debits On Banks

Mohammed Shosanya The Central Bank of Nigeria (CBN),has declared a significant shift in its approach to Cash Reserve Requirements (CRR) by discontinuing daily CRR debits and introducing a revised mechanism. This was

February 3, 2024

Banking&Finance·Business

CBN Stops Banks,Fintechs From International Money Transfers

Mohammed Shosanya The Central Bank of Nigeria (CBN) has issued a directive that banks and financial technology companies (fintechs) are no longer permitted to engage in international money transfer services. The change

February 3, 2024

Banking&Finance·Business

Currency Swap,Others Frustrated Our 2023 Revenue Target- NCS

Mohammed Shosanya Comptroller General of Nigerian Customs Service,Bashir Adeniyi has said the combined effect of the 2023 general election, the naira redesign policy and other economic decisions of the President Muhammadu Buhari

February 1, 2024

Business·Maritime

CBN Limits Banks’ Foreign Currency Position

Mohammed Shosanya The Central Bank of Nigeria, CBN, has ordered banks to limit the Net Open Position, NOP of their foreign currency assets and liabilities to 20 percent of shareholders funds. The

February 1, 2024

Banking&Finance·Business

Integral Communications Limited Unveils Valentine’s Promo

Mohammed Shosanya Integral Communications Nigeria Limited is offering several mouth-watering freebies on any item sold to celebrate customers during Valentine’s season The Valentine’s season campaign tagged “We love you with all our

January 31, 2024

Brands&Marketing·Business

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