Twenty eight digital money-lending apps have been delisted by an agency of the Federal Government, Federal Competition and Consumer Protection Commission (FCCPC). Delisting ‘illegally’ operated digital money…
Business
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BankingBusiness
2 digital money lenders delisted for illegal, prohibited, unregulated activities
by adminby adminTwo digital money lenders (DMLs), Sycamore Integrated Solutions Limited and Orange Loan and Purple Credit Limited, have been delisted for engaging in illegal, prohibited and unregulated activities.…
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The Central Bank of Nigeria (CBN) has directed banks to obtain customers’ social media handles. A circular by the Director, Financial Policy and Regulation Department, CBN, Mr.…
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Business
MAN kicks against 40 percent increase in electricity tariff, says SMEs will suffer
by adminby adminThe Manufacturers Association of Nigeria (MAN) has kicked against the proposed 40 percent increase in electricity tariff scheduled to take effect from July 1, 2023. The Director…
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Business
ExxonMobil collaborates with vessel owners to engage in oil theft, economic sabotage – FG agency alleges
by adminby adminA federal government agency, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has alleged that the American multinational oil and gas giant, ExxonMobil, is engaging in…
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There is no plans to phase out the redesigned naira notes from circulation, according to the Central Bank of Nigeria (CBN). The apex bank’s Acting Director, Corporate…
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The Federal Government (FG) has increased taxes on beer, imported vehicles and single use plastics. Apart from introducing the new taxe regime, the FG also added to…
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Transport & Monitoring
Abuja-Kaduna train kidnapped victims: National Assembly calls for Chinese govt’s assistance
by adminby adminThe National Assembly has called for the Chinese Government’s assistance in rescuing remaining 62 Kaduna-Abuja train passengers kidnapped by bandits on March 28, 2022. The Chairman, Senate…
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Aviation
NNPC, CBN to provide aviation fuel to airlines at N480 per litre for 3 months
by adminby adminThe Nigeria National Petroleum Corporation (NNPC) Limited and the Central Bank of Nigeria (CBN) have agreed to provide six million litres of aviation fuel at N480 a litre…
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Aviation
Aviation fuel cost: Airlines suspend plan to shut down flights, agree to discussion with FG
by adminby adminThe Airline Operators of Nigeria, (AON) has suspended its earlier plan to shut down operations on Monday May 9, 2022. The AON in a statement on Saturday…