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Business
Federal Government takes over revenue management of ten of its Lucrative Firms
In a move to boost its dwindling resources,the Federal Government has directly taken over control of revenue management of its ten most lucrative Enterprises.
The ten Government-owned Enterprises (GOE) named in the first phase of…
Naira plunges, exchanges at 465/$, as CBN laments BDC speculative activities
Despite the commencement of forex sale to Bureau De Change by the Central Bank of Nigeria, the value of the naira has plunged further as it exchanged at 465/$ on the parallel market on Monday, after it exchanged at 460/$ on Thursday.
It…
Union seeks reversal of CBN’s foreign exchange policy
The National Union of Chemical Footwear Rubber Leather and Non-Metallic Products Employees (NUCFRLANMPE) has urged the Central Bank of Nigeria (CBN) to rethink its recent policy on Form M, which has to do foreign exchange.
The…
NCC reviews International Termination Rate for voice services
The Nigerian Communications Commission (NCC) has embarked on a cost-based study to set the new pricing regime for mobile international termination rate (ITR) for inbound international voice calls in the country.
The ITR is the…
CBN investigates companies over foreign exchange infractions
The Central Bank of Nigeria (CBN) has is investigating foreign exchange transactions of about 55 companies and individuals.
Sources in the CBN linked the companies and individuals to foreign exchange deals outside the official…
78 Companies lobby to rehabilitate NNPC Pipelines, Depots says Kyari
At least 78 companies have submitted virtual bids to rehabilitate downstream pipelines, associated depots and terminal infrastructure through the finance, build, operate and transfer model, the Nigerian National Petroleum Corporation (NNPC)…
FG apologises after asking account holders to re-register
The Federal Government on Friday apologised for asking all account holders in financial institutions in the country to re-register their personal details.
The Federal Government had on Thursday ordered that all persons holding…
FG reviews treasury forms, other accounting source documents—AGF
The Office of the Accountant-General of the Federation (OAGF) has started a comprehensive review of treasury forms and other accounting source documents in use in all Federal Ministries, Department and Agencies (MDAs).
Mr Henshaw…
Service reflective tariff will bring growth to power sector – EKEDC
Eko Electricity Distribution Company (EKEDC) says the newly introduced Service Reflective Tariff (SRT) is designed to benefit electricity customers as it will bring about desired growth in the sector.
The new electricity tariff came to…
Autochek acquires online car platform, Cheki, in Nigeria, Ghana
An automotive technology company, Autochek has acquired online car platform, Cheki, in Nigeria and Ghana.
Autochek said in a statement that Cheki Nigeria and Cheki Ghana were previously part of Ringier One Africa Media’s (ROAM)…