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    You can still register your business for N5,000 till July 31

You can still register your business for N5,000 till July 31

From May 1 to July 31, business registration will cost only N5000, Vice-president Yemi Osinbajo has said. Spurred by the successes recorded in the first 50% discount window for business registration in Nigeria, the federal government has directed the Corporate Affairs Commission (CAC) to extend by three months, the special window for MSMEs.According to a statement by Laolu Akande, special assistant [...]

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    Emefiele: 130 textile industries in Nigeria have folded up

Emefiele: 130 textile industries in Nigeria have folded up

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says at least 130 textile companies have folded up in the country in recent times, due to constraints.According to NAN, Emefiele made the statement during a courtesy call on Aminu Masari, governor of Katsina state, on Monday.He added that the ginners, spinners, and about one million farmers who were planting [...]

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    MTN Nigeria gets new chief technical officer

MTN Nigeria gets new chief technical officer

MTN Nigeria says it has appointed Mohammed Rufai as its chief technical officer.In a statement released on Monday, the telecommunications company said Rufai would be responsible for its technology strategy, design and plan all its network operations.Rufai, who joined MTN Group in 2002, is a graduate of Computer Science from the Abubakar Tafawa Balewa University, Bauchi and has certifications from [...]

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    From 10m in 2015, Nigerian taxpayers ‘soon to hit 45m’

From 10m in 2015, Nigerian taxpayers ‘soon to hit 45m’

The number of taxpayers in Nigeria has increased from 10 million in 2015 to 14 million in 2017, to 19 million in 2018 and about to hit 45 million in 2019.According to the Joint Tax Board (JTB) led by Tunde Fowler, chairman, Federal Inland Revenue Service (FIRS), Nigerian taxpayer roll will soon hit 45 million.The board says Fowler's FIRS has [...]

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    ALERT: Mobile phones are now the preferred channel for fraudsters

ALERT: Mobile phones are now the preferred channel for fraudsters

The 2018 fraud summary released by the Nigeria Electronic Fraud Forum (NeFF) has shown the most fraudulent activities were carried out using mobile applications and USSD channels.The value of fraud carried out on mobile channels rose by 72.2% from N347.64 million in 2017 to N598.8 million in 2018.Fraud through ATM channels, which was the highest in 2016 and 2017, dropped [...]

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    Free visa processing for companies attending Turkey/Nigeria bilateral meetings

Free visa processing for companies attending Turkey/Nigeria bilateral meetings

Ridwan Bello, CEO Turkria, has promised free visa processing and 50 percent discount on flight tickets for any company attending the Turkey-Nigeria bilateral trade meetings in Konya, Turkey.Konya (pictured), one of the largest industrialized city in Turkey, through its Konya Chamber of Commerce in conjunction with Turkey Ministry of Trade and Turkria International Limited is organizing the 5-Day bilateral trade [...]

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    NCC: It’s untrue that 95.7m SIM cards have been rendered invalid

NCC: It’s untrue that 95.7m SIM cards have been rendered invalid

The Nigerian Communications Commission (NCC) has denied reports that 95.7 million subscriber identification module (SIM) data have been rendered invalid as a result of poor technology.In a chat with journalists, Sunday Dare, NCC commissioner for stakeholder management, said the commission is currently verifying data of subscribers across the country.He said the subscriber data so far captured by mobile network operators [...]

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    Zenith Bank introduce zero balance account opening feature

Zenith Bank introduce zero balance account opening feature

Zenith Bank Plc, the largest bank in Nigeria by tier-1 capital, says intending customers can now open an account with the bank with zero balance.In a statement seen by TheCable, the bank said it is committed to growing its retail arm by giving it the same attention that allowed it to become an influential corporate banking player in the country."This [...]

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    MTN appoints Sanusi as non-executive director

MTN appoints Sanusi as non-executive director

MTN Group says it has appointed Lamido Sanusi, emir of Kano and former governor of the Central Bank of Nigeria, as a non-executive director on its board.In a statement released on Friday, the Johannesburg-based telecommunications company also announced the appointment of Mcebisi Jonas, South Africa's former deputy finance minister, as chairman.Jonas will replace Phuthuma Nhleko, its present chairman, who is [...]

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    Nigeria’s smartphone market expands with OPPO launch

Nigeria’s smartphone market expands with OPPO launch

OPPO Mobile, a smartphone maker, has officially begun operations in Nigeria with the launch of OPPO F11 Pro.Speaking at an unveiling event that held at the Oriental Hotel in Lagos, Nengi Akinola, OPPO Mobile Nigeria marketing manager, said the company is coming into the market to make a bold statement."OPPO is a brand that is involved in ‘many firsts’ globally [...]

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Exchange Rates

May 23, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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