25 C
Lagos, South Africa and New York
Thursday, September 24, 2020

Money lenders seek inclusion in new GSI policy

By Lydia Ngwakwe Lagos, Aug. 21, 2020 A financial expert, Mr Obiora Unigwe, has appealed that money lenders should be incorporated into the new Global Standing Instructions (GSI) policy introduced for banks. Unigwe, Chief Executive Officer, Surbpolitan Microfinance Bank, spoke at a Knowledge Sharing Webinar...

Abuse of incentive scheme has led to revenue leakages– FIRS

By Mustapha Sumaila Abuja, Aug 21, 2020 The Federal Inland Revenue Service (FIRS) says a systemic abuse of the pioneer incentive scheme instituted by the Federal Government has led to tax revenue leakages for the three tiers of government. Mr Abdullahi Ahmad, the Director, Communications...

Chinese firm CEO urges foreign investors to tap into Nigeria’s potential

By Lydia Ngwakwe Lagos, Aug. 20, 2020 Mr Andy Lu, Managing Director of a Chinese firm, Inner Galaxy Steel Company, on Thursday urged international investors to take advantage of Nigeria’s potential and invest in the country. Lu, in a statement made available to newsmen...

National Lottery Trust Fund donates medical equipment to Lagos hospital

By Kemi Akintokun Lagos, Aug. 20, 2020 The National Lottery Trust Fund (NLTF) on Thursday donated vital medical equipment to the Onikan Health Centre in Lagos. Dr Bello Maigari, the Executive Secretary/Chief Executive Officer of NLTF, said at the virtual inauguration and handing over of...

FCCPC sets up task force for effective consumer protection

By Ginika Okoye Abuja, Aug. 20, 2020 The Federal Competition and Consumer Protection Commission (FCCPC) has set up a sustainable consumption task force to ensure effective consumer protection principles. Its Executive Officer, Mr Babatunde Irukera, in a statement on Thursday in Abuja, said the decision to...

AfDB debars 4 companies over fraudulent practices

By Mustapha Sumaila Abuja, Aug 20, 2020 The African Development Bank Group (AfDB) has announced the debarment of four Nigerian registered companies for 24 months over fraudulent practices. The AfDB’s Communications and External Relations Department made this known in a statement in Abuja on Thursday. It disclosed...

COVID-19: Prudential Zenith Life Insurance donates $100,000 to Slum2School

By Itohan Abara-Laserian Lagos, Aug. 18, 2020 Prudential Zenith Life Insurance has donated $100,000 (N38 million) to Slum2school Africa, to help cushion the impacts of the COVID-19 pandemic on education in disadvantaged communities across Nigeria. Mr Chuks Igumbor, Managing Director and Chief Executive Officer, Prudential...

Foundation begins training of over 100 FCT youths on skills acquisitio

By Gami Tadanyigbe Kuje (FCT), Aug. 16, 2020 Free Community Foundation, an NGO, says it is training more than 100 youths on different skills acquisition in Kuje Area Council of the FCT. Mr Mark Agu, the Chief Executive Officer (CEO), of the foundation, disclosed this...

NCDMB Tower: A boost to local content — P100 companies

by Edith Ike-Eboh Abuja, Aug. 14,2020 Indigenous oil and gas service companies under the umbrella body of Project 100 (P100) have described the inauguration of the 17 storey Nigerian Content Tower as an enormous step towards expanding local content development in the country. The companies disclosed...

Lagos reverses 10% service charge for trips onUber, other e-hailing platforms

By Florence Onuegbu Lagos, Aug. 14, 2020 The Lagos State government on Friday reversed the plan to impose 10 per cent service charge on every trip made through e-hailing platforms like Uber and Bolt. The Commissioner for Transport, Dr Frederic Oladeinde, made this known to...
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