Online News Magazine
Online News Magazine
The Nigeria Communication Commission (NCC) stressed the importance of a multidimensional collaboration in enhancing the country’s payment system. The Vice Chairman of NCC, Prof Umar Danbatta, said this at the 2023 annual conference of the Finance Correspondent Association of Nigeria (FICAN) with the theme “Strengthening Digital Infrastructure for Efficient Innovative Payment System in Nigeria, held […]
President Bola Tinubu has approved the nomination of Dr. Olayemi Michael Cardoso to serve as the new Governor of the Central Bank of Nigeria (CBN), for a term of five (5) years at the first instance, pending his confirmation by the Nigerian Senate. This directive is in conformity with Section 8 (1) of the Central […]
The Central Bank of Nigeria issued a directive instructing commercial banks to refrain from utilizing their foreign exchange revaluation gains for dividends and operational expenditures. The new directive was conveyed in a letter dated September 11, 2023, signed by the Director, Banking Division Department, Haruna Mustafa, and it is expected to be implemented immediately. FX […]
The Acting Governor, Central Bank of Nigeria, (CBN), Mr. Folashodun Shonubi; Executive Vice Chairman, Nigerian Communications Commission (NCC), Prof. Umar Danbata, and the Managing Director/CEO, Nigeria Deposit Insurance Corporation (NDIC), Mr Bello Hassan, are among the dignitaries that will grace the 2023 Conference of the Finance Correspondents Association of Nigeria (FICAN) holding in Lagos next […]
NDIC Boss Bello Hassan Appointed Vice Chairperson International Association of Deposit Insurers, African Regional Committee September 5, 202305 The International Association of Deposit Insurers, African Regional Committee (IADI-ARC) has appointed the Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC),Bello Hassan as its Vice Chairperson. The appointment was made at the IADI-ARC Annual General […]
The Chairman of Senate Committee on Capital Market & Institutions, Sen. Osita Izunaso, has appointed a former Imo State Commissioner for Finance, Prof. Uche Uwaleke of Nasarawa State University Keffi as his Special Adviser in order to help move the market forward. This is contained in a letter of appointment personally signed by the Chairman, […]
The Nigeria Deposit Insurance Corporation (NDIC) has taken a significant step towards investigating the directors of numerous failed microfinance banks across the nation. During a capacity-building workshop focused on combatting fraud and financial malpractices in the banking sector, Mr Bello Hassan, the Managing Director of NDIC, announced this critical move. The event, held in Lagos, […]
In view of the challenges that emerged from the electronic payment system in the first quarter of 2023, stakeholders are set to provide solutions in line with Nigeria’s Payment System Vision (PSV) 2025. The Central Bank of Nigeria (CBN) in December 2022 released the Payments System Vision (PSV) 2025 to be driven by contactless payments, […]
….Says tax reform committee will create new revenue ideas An economist, Mr. Marcel Okeke has warned that corruption could derail President Bola Ahmed Tinubu’s recently announced palliatives if not properly monitored and implemented, such that whatever ‘goodies’ that come the way of the state and local governments from the Centre would usually end up as […]
Barring last minutes changes, the Nigeria Customs Service and 62 other Federal Government agencies are set to lose one of their core functions of revenue collection to the Federal Inland Revenue Service (FIRS). The proposal to cede revenue collections currently carried out by Customs and the other agencies was being pushed by the Presidential Committee […]
