The Lagos Chamber of Commerce and Industry (LCCI) has commended the Central Bank of Nigeria (CBN) over its recent guidelines on e-Evaluator and e-Invoicing that replaced hard copy final invoice as part of the documentation required for all import and export transactions. The initiative was a major step to arrest the age-long practice of over-invoicing […]

The Nigeria Liquified Natural Gas (NLNG) Limited yesterday kicked off its programme to help improve facilities at hospitals across the country with the signing of Memoranda of Understanding (MoU) with six Nigerian teaching hospitals nationwide. The NLNG said 12 hospitals from the six geographical zones in the country would benefit from its intervention programme. It […]

Fidelity Bank Plc, has announced the second set of millionaires in its Get Alert in Millions Season 5 promo (GAIM 5) which held recently in Victoria Island, Lagos. The event was witnessed by representatives of regulatory organisations which include: Ms Oyinkan Kusamotu, Senior Legal Officer, Lagos State Lotteries & Gaming Authority; Mr Tanko Mohammed, Head, […]

Onyebuchi Ezigbo, Emmanuel Addeh, James Emejo, Adedayo Akinwale, Sunday Aborisade in Abuja and Peter Uzoho in Lagos Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has announced the resolve of the federal government to jettison its earlier plan to remove subsidy on petroleum products from July. Ahmed stated this yesterday at a stakeholders’ […]

Experts have predicted that the Monetary Policy Committee will retain the benchmark interest rate and others at the end of its first meeting in 2022. The Central Bank of Nigeria had disclosed that it would hold its next MPC meeting on Monday (today) and Tuesday. At the last meeting in November 2021, the MPC retained […]

Africa’s richest man, Aliko Dangote, said mechanical work on his much-awaited crude oil refinery located at the Lekki Free Zone, in Lagos State, had been completed and the facility would begin to run between August and September this year. Dangote disclosed this at the weekend in Lagos during a facility tour of the oil refinery, […]

As part of its effort to ensure its customers have easy access to their funds and carry out seamless transactions, Baobab Microfinance Bank has launched a new mobile app. The bank in a statement said the mobile app known as MyBaobab will offer its customers a new banking experience, built on cutting-edge technology, with ease […]

The World Bank and the African Development Bank approved a total sum of $2.83bn to Nigeria in 2021, It has been learnt. However, the financing is not limited to the Nigerian government, as it also covers Nigerian agencies and firms. This was according to statements by the international banks announcing the financing approvals. The statements […]

No fewer than 51,392 aggrieved workers under the Contributory Pension Scheme have changed their Pension Fund Administrators and subsequently moved their Retirement Savings Accounts to other pension companies in 13 months, it has been learnt. Figures obtained from the National Pension Commission’s ‘Quarterly Summary of Retirement Savings Accounts Transferred by Pension Fund Administrators’ report showed […]

The Central Bank of Nigeria has said that all import and export operations will require the submission of an electronic invoice authenticated by the authorised-dealer banks on the Nigeria single window portal, Trade Monitoring System, effective from February 1. The CBN disclosed this on Friday in a circular signed by the Director, Trade and Exchange […]