AU Appreciate Efforts Put in Rebuilding Northeast, Donates $100,000 to @NePcni

AU donates $100,000 to PCNI, commends A visiting delegation from the African Union have donated 100,000 to the PCNI to assist the coordination agency in its rebuilding efforts in the North. The donation was made during a courtesy call to the Acting Secretary to the Government of the Federation, SGF, Dr. Habiba Lawal, late Thursday.... Continue Reading →

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Nigerian Startups to enjoy Tax Holiday – NITDA

Impressed with the products and solutions of the 10 Nigerian Startups sponsored by the National Information Technology Development Agency ( NITDA) to compete at the GITEX Future Stars Movement for the $130,000 USD, the Chairman House Committee on Information and Communication Technology (ICT) and cybercrime , Honourable Mohammed Ogoshi Onawo has called for the the... Continue Reading →

NNPC Records $471.9 Million Export Receipts

The Nigerian National Petroleum Corporation, NNPC has announced a total export receipt of $471.90 million for the month of July 2017 as against $219.34 million posted in June 2017. According to the July edition of the Monthly Financial and Operations Report of the Corporation which was made public on Thursday, contribution from crude oil amounted... Continue Reading →

Money Laundry and Other Related Matters Still Going on in Nigeria Banks – Magu

The acting Chairman of Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, has lamented non-compliance with regulations on money laundering and other related offences by some banks and financial institutions. Magu, who described money laundering as a threat to developing and developed countries, expressed regret that some banks had not been reporting suspicious transactions in... Continue Reading →

Apex Bank To Go Hard On Erring Commercial Banks

The Central Bank of Nigeria (CBN) on Monday, September 18, 2017, threatened to sanction any Deposit Money Bank (DMB) in breach of its earlier directive of March 3, 2017 instructing them to, among other things, open teller points for retail forex transactions and to have electronic display boards in all their branches, showing rates of... Continue Reading →

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