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The unending complaints of non-reversal of banks’ failed customer transactions have continued to raise serious concerns within Nigeria’s financial sector. It was gathered that over 60 per cent of complaints from banks’ customers hover around failed transactions. The development is…
By Goodluck Ikiebe In consonance with his promise to remove all barriers impeding business growth in Nigeria, President Bola Tinubu has approved the establishment of a Presidential Committee on Fiscal Policy and Tax Reforms. The committee will be chaired by…
By GNN Correspondent The Central Bank of Nigeria has asked Deposit Money Banks and Other Financial Institutions in the country to increase monitoring of transactions with businesses and persons in and from Cameroon, Croatia and Vietnam. This was according to…
The Federal Competition and Consumer Protection Commission, FCCPC, has reacted to consumer complaints under the Ikeja Electricity Distribution’s franchise of inability to purchase units amid concerns of a purported tariff hike. Babatunde Irukera, the Executive Vice-Chairman of FCCPC, disclosed this…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has denied the alleged plan by the association to increase the pump price of Premium Motor Spirit (PMS), also known as petrol, to N700 per litre nationwide. NAN reported that the Chairman…
By Kunle Adeliyi The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has appealed to the Federal Government to refrain from carrying out the proposed merger of the Federal Inland Revenue Service (FIRS), Nigeria Maritime Administration and…
By Kunle Adeliyi The Nigeria Import Export Bank (NEXIM) has announced plans to train 5 million exporters in conjunction with Fidelity Bank and others. A portal has been created towards this end, and it will be managed by Nexim Academy…
By Goodluck Ikiebe The Nigerian government has said that budgetary allocations will no longer be made for professional bodies and councils, with effect from January 2024. Director General, Budget Office of the Federation, Ben Akabueze, stated this in a letter…
Skyway Aviation Handling Company has disclosed significant growth in revenue, with a 28 per cent increase from N8.6 billion in the previous year to N11.1 billion in 2022. According to the firm’s audited financial results for 2022, pre-tax profit was…
By Goodluck Ikiebe In recognition of the role of MSMEs in growing the nation’s economy, Nigeria’s Vice President, Sen. Kashim Shettima, has announced Government’s plan to urgently ensure quick access to single digit loans for Nigerian small businesses within the…
