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He is Mr Lamido Yuguda whose appointment was announced by President Muhammadu Buhari in a letter sent to the Senate on Tuesday requesting the confirmation of Yuguda as the Director General of the Commission.

SEC tasks capital market operators on KYC update

Capital Market Operators have been reminded of the Securities and Exchange Commission’s directives on update of investors’ Know Your Customer information which it said is still in effect.
The Nigeria Interbank Settlement System (NIBSS) has issued approved standard operating guidelines for the Bank Verification Number (BVN) matching system, mainly for a harmonised way of verifying customer’s identity.

Nigerian banks get standard operating guidelines for BVN matching

The Nigeria Interbank Settlement System (NIBSS) has issued approved standard operating guidelines for the Bank Verification Number (BVN) matching system, mainly for a harmonised way of verifying customer’s identity.
Nigeria's national electricity grid collapsed on Sunday, the Transmission Company of Nigeria (TCN) said in a statement. Power outages in Nigeria, the most populous nation in Africa, are common, but a system collapse is unusual.

Report: Power supply to improve on declining water constraints

Nigerians are expected to enjoy improved power supply in the coming weeks owing to the return of the rainy season and the resultant decline in water constraints suffered by hydro power plants, a report by the Financial Derivatives Company (FDC) has predicted.

Ikeja Electric: Why metering of customers is slow

Ikeja Electric (IE) Plc said that it had metered only some 24,000 customers under the National Mass Metering Programme (NNMP) of the Federal Government flagged off in October 2020.

NCC boss: Over $70 billion spent on telecoms infrastructure in Nigeria

Over $70 billion have been invested in telecommunications infrastructure deployment in Nigeria since the liberalisation of the industry in 2001.
The Central Bank of Nigeria (CBN) says it will continue to do all within its regulatory powers to educate Nigerians to desist from use of cryptocurrencies — despite growing criticism.

Stakeholders canvass policies to regulate cryptocurrency

The Nigerian Technology Industry Group has said there should be core policies that would help in regulating cryptocurrency providers in Nigeria. The group stated this following the directive given by the Central Bank of Nigeria (CBN) last month that deposit money banks (DMBs), non-bank financial institutions (NBFIs) and other financial institutions (OFIs), should not deal with cryptocurrencies and facilitating payments for cryptocurrency providers in Nigeria.

PHED introduces new electricity billing system in four states

The Port Harcourt Electricity Distribution Company (PHED) says it has introduced a new electronic billing system to make payment of electricity bills easy for customers in four states in its franchise area.
The Central Bank of Nigeria (CBN) has revealed that the aggregate domestic credit in commercial banks grew by 7.61 percent in October 2020, compared with 7.35 percent in the previous month.

Nigeria’s central bank investigates crypto companies’ accounts for fraud

The Central Bank of Nigeria (CBN) has opened investigations into bank accounts of companies involved in the trading of cryptocurrencies with the intention of blocking those with suspicious transactions and fraud.
Russian President Vladimir Putin on Monday bestowed the national honour of “The Order of Friendship” on Prof. Benedict Oramah, President of the African Export-Import Bank (Afreximbank) in Moscow.

Afreximbank expands trade finance intermediary initiative, lists eight Nigerian banks

The African Export-Import Bank (Afreximbank) has increased the number of its trade finance intermediaries (TFIs) to more than 65 in 30 African countries.
The Minister of Youth and Sports Development, Mr. Sunday Dare, on has turned the heat on the Nigeria Football Federation (NFF) saying football in the country is going backward.

Minister urges corps members to join Nigerian government’s youths initiative programmes

The Minister of Youths and Sports Development, Mr Sunday Dare, has urged corps members to key into the Federal Government’s Youths Initiative Programme.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Central bank gives conditions for opening Form ‘M’ where unavoidable

The Central Bank of Nigeria (CBN) has listed conditions to allow the opening of Forms ‘M’ by companies whose forex payments are unavoidably routed through a buying company, agent, or other third parties.
The Director General, National Information Technology Development Agency (NITDA), Kashifu Abdullahi, has said that emerging technologies such as Artificial Intelligence and Robotics are going to power the fourth industrial revolution.

NITDA, NIRA to give free ‘.com.ng’ domain name to newly registered companies

The National Information Technology Development Agency, (NITDA), and the Nigeria Internet Registration Association (NIRA), have pledged to work hand in hand to ensure global visibility for Nigerian companies by giving free .com.ng domain name to newly registered companies.

Central bank to sanction banks for e-payment breach

Bank chiefs who breach Central Bank of Nigeria’s (CBNs) e-payment reporting rules, including using unapproved third party end-to-end payment solution are to face sanctions, the apex bank said on Tuesday.

Ikeja Disco, Mojec sensitise customers on meter registration process

Ikeja Electric, and Mojec Metering Asset Company at the weekend, held a Customers Engagement Forum to sensitise customers in Shomolu Business Unit on the registration process, survey, payment and installation of meters under the Meter Asset Provider (MAP) scheme.

Ikeja Electric expands meter rollout for customers

In a bid to meet its customer’s needs, Ikeja Electric Plc has fully commenced the rollout of meters under the Meter Asset Provider (MAP) scheme, to all unmetered customer across its network.

N1.35 billion fraud: Court admits more evidence against ex-Governor Lamido

A Federal High Court in Maitama, Abuja, on Friday, admitted more documents presented to it by the Economic and Financial Crimes Commission, EFCC, in evidence against a former Jigawa State governor, Sule Lamido, and others.

NCC moves to criminalise sale of pre-registered SIM cards

The Nigerian Communications Commission (NCC), says it is working with the National Assembly to criminalise mobile phones sim card infractions.

CBN vows to clamp down on businesses, banks that abuse Forex on 42 restricted...

The Central Bank of Nigeria (CBN) on Monday vowed to clamp down on individuals and businesses engaging in clandestine activities to frustrate the restriction of foreign exchange on the importation of 41 items into the country.

CBN: Nigeria’s unbanked population stands at 37 percent

Barely two years to the 2020 target to reduce unbanked Nigerians to 20 per cent, the Central Bank of Nigeria (CBN) says the country’s unbanked population currently stands at 37 per cent.

Federal court relaxes conditions to unfreeze accounts without BVN

The Federal High Court in Abuja on Wednesday modified its orders made on October 17, 2017 directing the 19 commercial banks in the country to freeze all accounts without Bank Verification Numbers.

Central bank orders banks to keep database of fraudulent customers

The Central Bank of Nigeria (CBN) has directed banks to establish a database of their customers identified through their Bank Verification Numbers (BVNs) to be involved in confirmed fraudulent activities.

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Tottenham Hotspur manager Jose Mourinho has blamed Carlos Vinicius after their loss to Chelsea, saying the player doesn’t press his opponents with great intensity.

Tottenham to pay part of Jose Mourinho’s salary at Roma

Tottenham Hotspur will pay part of José Mourinho’s salary in his first season at Roma.
Boko Haram - Islamic State-aligned militants have intensified attacks on army camps in recent weeks as part of a more than decade-long insurgency that has killed more than 36,000 people.

35 killed in Boko Haram attacks in Borno

Jihadists have killed 35 people, including five troops and 15 militiamen, in two attacks in Nigeria's troubled northern Borno state, sources told AFP Tuesday.

Whistleblower petitions EFCC, justice minister over corruption in maritime academy

A whistleblower in the Maritime Academy of Nigeria (MAN), Oron in Akwa Ibom State, has petitioned the Economic and Financial Crimes Commission (EFCC) to investigate and prosecute the management of the institution over multiple fraud, as well as systemic and perennial corruption.
The Niger State Governor, Alhaji Abubakar Sani Bello, has challenged state and federal lawmakers on the need to partner with governments for youth empowerment.

2023: Niger governor makes case for Southern presidency

Niger State Governor, Alhaji Abubakar Sani Bello, has made case for a southern Presidency in 2023, saying that there is going to be rotation of positions in 2023.
The Attorney-General of the Federation and Minister of Justice, Mr Abubakar Malami, SAN,

Nigerian government welcomes ECOWAS court judgment dismissing SERAP’s case

Minister of Justice, Abubakar Malami, SAN, on Tuesday welcomed an ECOWAS Court judgment dismissing a case filed by the trustees of the Socio-Economic Rights and Accountability Project (SERAP) against the Federal Government.

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The Enugu Electricity Distribution PLC (EEDC) has cautioned residents of South-East against activities of scammers and unscrupulous individuals who are already taking advantage of the just commenced National Mass Metering Program (NMMP) to customers.

Imo government partners EEDC to improve power supply

The Imo government has expressed readiness to partner the Enugu Electricity Distribution Company (EEDC) to improve power supply in the state.
Hotel owners in Abia State under the aegis of Hotel Welfare Association (HWA) and others have lauded the Inspector General of Police, Usman Baba Alkali over his appointment of AIG Etim Eneh Okon to head the Police Zone 9 command, Umuahia.

Abia hotel owners, others laud IGP over AIG’s appointment

Hotel owners in Abia State under the aegis of Hotel Welfare Association (HWA) and others have lauded the Inspector General of Police, Usman Baba Alkali over his appointment of AIG Etim Eneh Okon to head the Police Zone 9 command, Umuahia.
Chelsea defender, Thiago Silva, has a message for his teammates after their fifth defeat in eight league games against Leicester City.

Chelsea star doubtful for return leg match vs Real Madrid

Chelsea star Thiago Silva is doubtful for the reverse fixture against Real Madrid in the Champions League scheduled for next week Wednesday.
The Premier League and UEFA have both released official statements condemning plans for a European Super League.

Premier League overtakes LaLiga as Europe’s best league

The English Premier League has become the number one ranked league in Europe thanks to Manchester United’s 6-2 victory over Roma in Thursday’s Europa League first-leg, Daily Mail reports.
The Speaker of the Lagos state House of Assembly, Rt. Hon. Mudashiru Obasa, on Friday, said the potentials embedded in sports have been highly underestimated in Nigeria.

Lagos lawmakers urge President Buhari to rejig security architecture

Following incessant security challenges across Nigeria, members of the Lagos state House of Assembly have called on the President of Nigeria, President Muhammadu Buhari to rejig the security architecture so as to address the spate of killings and violence in the country.