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NDIC: We have enough money to pay depositors of distressed banks

    NDIC: We have enough money to pay depositors of distressed banks

The Nigerian Deposit Insurance Corporation(NDIC) says it will pay depositors whose monies are trapped in 23 distressed banks. Bello Hassan, the corporation’s managing director, made this known on Thursday at

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NIMC calls for mandatory use of NIN in government services

    NIMC calls for mandatory use of NIN in government services

Aliyu Aziz, director-general of the National Identity Management Commission (NIMC), says the National Identity Number (NIN) should become a mandatory requirement for accessing government services. He said this while requesting

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SEC mandates issuing houses to provide no-objection letter for capital market transactions

    SEC mandates issuing houses to provide no-objection letter for capital market transactions

The Securities and Exchange Commission (SEC) has mandated issuers to obtain a reference letter of no-objection from their respective primary regulators.  An issuer is a legal entity that develops, registers and sells

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Reps ask CBN to impose ‘stringent regulation’ on POS operators

    Reps ask CBN to impose ‘stringent regulation’ on POS operators

The house of representatives has asked the Central Bank of Nigeria (CBN) to introduce “stringent regulations” on the operators of point of sale (POS) business in the country. The legislators passed the resolution

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MTN offers free calls, text messages to/from Ukraine

    MTN offers free calls, text messages to/from Ukraine

MTN says it will be offering free international calls and SMS to all existing prepaid and postpaid customers in response

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FG will open bid for Nigeria Air next week, says Hadi Sirika

    FG will open bid for Nigeria Air next week, says Hadi Sirika

Hadi Sirika, minister of aviation, says the federal government will issue Requests-for-Proposal for the establishment of Nigeria Air next week.

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E-valuation: Over 12,000 imported vehicles trapped at Lagos ports over strike, says group

    E-valuation: Over 12,000 imported vehicles trapped at Lagos ports over strike, says group

The industrial action by freight forwarders at Lagos Ports is worsening the plight of maritime stakeholders as over 12,000 imported

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LAGFERRY begins operations along Ajah-Lekki axis to end traffic congestion

    LAGFERRY begins operations along Ajah-Lekki axis to end traffic congestion

Lagos Ferry Services (LAGFERRY) says it has commenced full waterways operations from Badore terminal, Ajah through Addax jetty, Victoria Island

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‘It’s against the law’ — FCCPC orders airlines to suspend ‘coordinated’ airfare hike

    ‘It’s against the law’ — FCCPC orders airlines to suspend ‘coordinated’ airfare hike

The Federal Competition and Consumer Protection Commission (FCCPC) has issued an interim order prohibiting the sudden hike in the price

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FEC approves N3.5bn for aviation equipment in Lagos, Kano int’l airports

    FEC approves N3.5bn for aviation equipment in Lagos, Kano int’l airports

The federal executive council (FEC) has approved N3,523,592,079 for projects under the ministry of aviation. The projects include supply and

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