Business

NAICOM to unveil fresh guideline for recapitalization

The National Insurance Commission, NAICOM, will this week unveil the transitional guideline on the new recapitalization in the insurance industry.

NAICOM had last week announced a risk-based recapitalisation of the insurance sector with the introduction of 3-tier based recapitalisation for insu [...]

Wed, 01 August 2018


FG, states pay June salaries, to decide on NNPC

The states and federal governments have finally agreed to put on hold their prolong disagreement with the Nigerian National Petroleum Corporation, NNPC, over its revenue remitted into the federation account.

Recall that the disagreement with the revenue generating agency had led to delay in pay [...]

Sat, 21 July 2018


CBN begins Naira, Yuan currency swap

The Central Bank of Nigeria, CBN, has officially begun implementation of the Bilateral Currency Swap Agreement, BCSA, signed with the Peoples Bank of China.

The apex bank Friday, announced the flagged off its intervention in the sale of foreign exchange in Chinese Yuan, CNY, through a combinati [...]

Sat, 21 July 2018


FG, states review right of way charges for telecoms

The federal and state governments have approved a downward review of the Right of Way charges paid by telecommunication companies, to encourage investment in the sector.

With the approval, telcoms operators will now pay a token fee of N145 per metre to lay fibre cable anywhere in the country, a [...]

Sat, 21 July 2018


IPPIS: AGF assures military of hitch free enrolment

The Accountant-General of the Federation, AGF, Mr. Ahmed Idris, has assured the military that their salaries will not in any way, be affected by their enrolment on the Integrated Personnel and Payroll Information System, IPPIS, scheme.

The assurance became necessary to allay their fears about s [...]

Sat, 21 July 2018


NBS conducts survey to assess MSMEs’ impact on economy

The National Bureau of Statistics in collaboration with the Small and Medium Enterprises Development Agency of Nigeria, SMEDAN, is conducting a national survey to boost economic planning and development.

According to the NBS, the survey will assess the performance of Micro, Small and Medium Ent [...]

Sat, 21 July 2018


Inside FG, Discos war over epileptic power supply

For weeks now, the federal government and electricity distribution companies operating in Nigeria have been pointing accusing fingers at each other over their roles in decelerating the actualisation of adequate power supply in the country.

While the government is insisting that the Discos are n [...]

Sat, 21 July 2018


Workers’ protest: vandals attack MTN installations

Critical telecommunication installations belonging to MTN Nigeria Communications Limited were recently vandalised by unidentified persons after the recent picketing of the company by members of the Nigerian Labour Congress.

Government fears that sustained att [...]

Sun, 15 July 2018


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