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Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

Official: SEC generates N194.48 million from penalties in 2019

The Securities and Exchange Commission (SEC) says it generated N194.48 million from penalties in 2019.

Central bank sets new rules to improve PoS deployment, usage

The Central Bank of Nigeria (CBN) is taking steps meant to get more people embrace e-payment channels, especially Point of Sale (PoS) machine.

CBN: Completed e-payment transactions hit N203 trillion

Electronic payment (e-payment) transactions worth N203.35 trillion were carried out by banks between January and June 2019, Central Bank of Nigeria (CBN) half-year e-payment figures have shown.

Central bank pledges increase in BVN enrolment

The Central Bank of Nigeria (CBN) has promised to increase the number of bank customers registered on the Bank Verification Number (BVN) system from over 40 million to 100 million in the next five years.
A fire incident occurred at the headquarters of the Federal Inland Revenue Service (FIRS) in Abuja on Monday, officials said.

FIRS creates e-tax services

The Federal Inland Revenue Service (FIRS) has created electronic tax services, (e-tax services) to improve transparency and speed in tax administration.
Babatunde Fowler FIRS

Tunde Fowler: Digital economy now new gold

Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler, has described the digital space as the new gold in revenue generation in the country.

Central bank mandates indirect PSP to obtain risk-based rating

As from November 11, any institution applying for an indirect participant in the nation’s Payments System must have a satisfactory risk-based rating from the Central Bank of Nigeria (CBN).

Ecobank calls for collaborative efforts to fight cybercrime

Nigerian bank, Ecobank Nigeria Limited has advocated continuous collaboration by all stakeholders in the fight against cybercrimes in the country.g

CBN: Deposit, withdrawal charges on transactions above limit

The Central Bank of Nigeria (CBN) has explained that charges on cash deposit and withdrawals apply only to transactions above stipulated limits.
National Bureau of Statistics NBS

Banks allocate N15.13 trillion credit to private sector

The National Bureau of Statistics (NBS) said the Nigerian banking sector allocated N15.13 trillion as total value of credit to the private sector in the second quarter (Q2) 2019.
Nigeria’s Vice President, Prof. Yemi Osinbajo, has tasked stakeholders from various sectors of the economy, to proffer ways of accelerating development of the pharmaceutical sector, through research and development.

Why VP Osinbajo cannot touch tradermoni, other N-SIP funds – official

Justice Bibiye, Communications Manager, National Social Investment Office (NSIO), says that funds allocated and released for the financing of the National Social Investment Programmes (N-SIPs) are not domiciled in the Office of the Vice President.
The Presidential Election Petition Tribunal has upheld argument by President Muhammadu Buhari that it lacked the jurisdiction to entertain allegation of corrupt practices and voters’ inducement raised against Vice President Yemi Osinbajo in the petition by Atiku Abubakar and the PDP.

Official: VP Osinbajo not involved in disbursement of N-SIP funds

The National Social Investment Office (NSIO) has said that contrary to rumours, the office of Vice President was not involved in financial transactions or the disbursement of funds for the National Social Investment Programmes (N-SIPs)

NCC: Why we crashed USSD price cap

Today’s global economy is increasingly dependent on mobile technology. This is not just for telecommunications services but also for a number of other services offered by adjacent industries.

Insecurity, fraud clog financial inclusion stride

As fiscal and monetary authorities collaborate to ensure that Nigerians keep up the 63.6 per cent financial inclusion stride with the aim of attaining the set target of 20 per cent exclusion rate by 2020, the frightening series of bank robberies and frauds in the system may have put a lid on the agenda.

NIBBS: NIP records increase volume of transactions over cheques in Q1

The Nigerian Interbank Settlement System (NIBSS), says the NIBSS-Interbank Payments (NIP) recorded an increase in the volume of transactions in the first quarter of 2019 over transactions made through cheques.

Bank’s e-transactions hit N34 trillion in Q1

A total volume of 557,083,712 transactions valued at N34.02tn were recorded in Q1 2019 as data on Electronic Payment Channels in the Nigeria’s banking sector.
National Bureau of Statistics NBS

NBS: E-payments hit N34.02 trillion in Q1, 2019

A total of 557,083,712 electronic-payment transactions valued at N34.02 trillion were recorded in selected banks across the country in the first quarter, 2019, Nigeria’s statistics bureau has said.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

SEC: Why unclaimed dividends are increasing

The capital market has continued to record high incidence of unclaimed dividends due to the provision of inadequate proof of ownership of shares by investors, the acting Director General of the Securities and Exchange Commission (SEC), Mary Uduk, has said.

Recent Stories

The Eze Igbo of Zamfara, Chief Egbuna Obijiaku, on Saturday commended Gov. Bello Matawalle for tackling the security challenges in the state.

Politicians exploit insecurity for personal gains – Zamfara governor

Zamfara State Governor, Mr. Bello Matawalle, has accused politicians of being responsible for the insecurity challenges bedeviling the country.
(FILES) In this file photo taken on March 05, 2020 LeBron James #23 of the Los Angeles Lakers stands on the court injured during a time out in their game against the Golden State Warriors at Chase Center in San Francisco, California. – NBA superstar LeBron James was among the US athletes taking to social media in outrage over the death of a black man in Minnesota after a white policeman kneeled on his neck for several minutes. Four Minneapolis police officers were fired Tuesday as a video showing one of them kneeling on the neck of George Floyd, a handcuffed black man who later died, sparked protests. (Photo by EZRA SHAW / GETTY IMAGES NORTH AMERICA / AFP)

​Lebron James sends personalised Liverpool kits to US sport personalities

Los Angeles Lakers basketball star LeBron James sent personalised Liverpool jerseys to sports personalities in the United States.
Arsenal defender Calum Chambers insists the ailing Gunners must continue to believe in Unai Emery's footballing philosophy and that the north London club have enough quality in their squad to turn around their poor run of form.

​Fulham return for Arsenal’s Calum Chambers

Fulham are attempting a move for Arsenal defender Calum Chambers.

Dollar holds firm as United States bond yields jump

The dollar inched ahead on Wednesday, as a jump in United States yields pushed it higher against the Japanese yen, while the kiwi briefly hit a one-month low after the central bank extended its bond-buying programme.
2. President Muhammadu Buhari is currently meeting with members of Nigeria Governors Forum Security Council and heads of security agencies at the Council Chamber, Presidential Villa, Abuja.

President Buhari, governors call for joint strategy to end conflicts

President Muhammadu Buhari and State Governors on Tuesday ended their meeting on the state of the nation’s security with call for a joint strategy to bring various conflicts to an end within time limits.