The Central Bank Of Nigeria (CBN) has issued a July 7, 2024 deadline for Point of Sales (PoS) operators to complete registration with the Corporate Affairs Corporation (CAC). This was revealed during a meeting between Fintechs and the Registrar-General/Chief Executive Officer (CAC) Hussaini Magaji (SAN) in Abuja on Tuesday. Speaking at the event, the CAC … [Read more…]
The Minister of Works, Engr. Dave Umahi has tackled Nigeria’s former Vice President and 2023 PDP presidential candidate, Alhaji Atiku Abubakar over his criticism of the Lagos-Calabar coastal highway project. In a press release signed by the Special Adviser to the Minister of Works on Media, Barr. Orji Uchenna Orji, and made available to Pacesetter, … [Read more…]
The Central Bank of Nigeria (CBN) has directed deposit money banks in the country to start charging 0.5% cybersecurity levy on transactions. This was contained in a circular dated May 6, 2024 by the apex bank to all commercial, merchant, non-interest and payment service banks as well as mobile money operators and payment service providers. … [Read more…]
The Federal Government, through the Securities and Exchange Commission, is set to delist the naira from all peer-to-peer crypto platforms as the government steps up efforts to tackle exchange rate manipulators and dollar racketeers. The development came against the backdrop of the recent moves by the Federal Government to regulate Nigeria’s crypto market estimated at … [Read more…]
The Presidency, on Monday, tackled former Vice President Atiku Abubakar over his claim of conflict of interest in the award of the Lagos-Calabar coastal highway by the Federal Government. Atiku, in a statement on Sunday, claimed that the road project was awarded to Hitech Construction Company because the owner of the firm, Gilbert Chagoury, had … [Read more…]
…Property owners get temporary locations, right of first refusal on completion Ahead of the commencement of construction of a new and modern transport Interchange (bus terminal) at Market Road, Enugu (Enugu Central Station), popularly known as Holy Ghost, the leaser of properties at the site will, from Tuesday, start receiving their compensations as agreed with … [Read more…]
Nigeria’s electricity distribution companies (DisCos), on Monday, announced the downward review of electricity tariffs for Band A customers. The downward review takes effect from 6 May, some of the nation’s distribution companies disclosed in statements posted on their X handles on Monday. Last month, the Nigerian Electricity Regulatory Commission (NERC) ordered the immediate upward review of … [Read more…]
The Umuihe autonomous community, Akaeze in the Ivo Local Government Area of Ebonyi State, has been thrown into a state of trauma, following the killing of their traditional ruler, HRH Umazi Ibo Ubani, by suspected gunmen. Vanguard learnt that there were heavy shootings in the community by the gunmen during an invasion last Friday, which … [Read more…]
Former vice president Atiku Abubakar claims Seyi Tinubu, President Bola Tinubu’s son, is a director on the board of CDK Integrated Industries, a subsidiary of the Chagoury Group, faulting the award of contract for the Lagos-Calabar coastal road. The Federal Government recently started the construction of the 700km Lagos-Calabar coastal road which is being done … [Read more…]
The National Examinations Council (NECO) has digitalized the recruitment process for Examination Supervisors and Assistant Supervisors for the Basic Education Certificate Examination (BECE) and the Senior School Certificate Examination (SSCE) Internal and External. Acting Director Information and Digital Communication of NECO, Azeez Sani in statement noted that the digitalization is to check sharp practices in … [Read more…]
The Nigerian Air Force (NAF) Sunday said the air components of Operations Hadin Kai and Whirl Punch in the North East and North Central killed many terrorists in airstrikes in Borno and Niger. The Director, Public Relations and Information, NAF, AVM Edward Gabkwet, disclosed this in a statement. Gabkwet said the air components had continued … [Read more…]
Economic and Financial Crimes Commission (EFCC), has dissociated itself from a trending list circulating in sections of the media claiming it has released a full list of ex- governors being investigated for alleged corruption. Recall that over the weekend, there was a report with the headline, “EFCC Releases Full List of 58 Ex- Governors that … [Read more…]