Business News

When the Central Bank of Nigeria (CBN) introduced its cashless policy in 2012, it was aimed at reducing the volume of cash in circulation by transforming Nigeria’s cash-ridden process to a digital electronic cashless system where payments…

BABAJIDE OKEOWO Freight forwards operating in the Western Zone has issued a 72-hour ultimatum to the Federal Government to call the Comptroller General of Customs, Colonel Hameed Ali (retd.) to order and address the…

BABAJIDE OKEOWO Nigerian Maritime Administration and Safety Agency (NIMASA) is fashioning out a regime of eliminating Cabotage waivers for non-indigenous shipowners within the next five years. The move is geared…

Nigeria’s influential employers union has warned the Federal Government not to go ahead with a proposal to increase the Value-Added Tax (VAT) charged in the country. On March 19, the Federal Inland Revenue Service hinted that it might…

Germany’s income is set to take a big hit from Brexit, irrespective of the form the British withdrawal from the EU finally takes, according to a study published on Thursday by Germany’s Bertelsmann Foundation. A so-called “hard…

The Mile 12 Market Traders Association has appealed to  the Lagos State Government to situate a security outfit within the market to ward off the activities of street urchins. Femi Odusanya, the spokesperson for the association, made…

Trading in the shares of Diamond Bank Plc has been placed on full suspension following the court sanction of the Scheme of Merger with Access Bank Plc. The Nigeria Stock Exchange (NSE) in a notification to its dealing members posted on…

Scamps Communication Ltd. on Tuesday sued the Standard Chartered Bank Nig. Ltd. before a Lagos High Court in Igbosere, over an alleged excessive loan interest. In the suit marked Temp/4872/2019, the first and second claimants are…

The Central Bank of Nigeria (CBN) says the revised categories of MicroFinance Banks (MFBs), which give them up to April 2020 to recapitalise is to ensure their continued operations in the economy. CBN said this in a circular titled, ‘Re:…

An environmental cleaning company, Chanja Datti Ltd, says it has established five recyclable waste collection centres in Abuja to promote youth empowerment and environmental cleanliness. The Managing Director of the company, Mrs…