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VAIDS boost for federal government as revenue rises by 42 percent

As the Federal Inland Revenue Service (FIRS) prepares its legal team to tackle tax evaders in the country, its Voluntary Asset and Income Declaration Scheme (VAIDS) is now making waves having shot up the revenue profile of the Federal Government by 42 per cent.
Central Bank of Nigeria - CBN

Central bank directs banks to resolve USSD disputes in three days

The Central Bank of Nigeria (CBN), on Saturday directed all commercial banks to resolve disputes arising from use of Unstructured Supplementary Service Data (USSD) channel within three days.
Folashodun Adebisi Shonubi

NIBSS: Nigerian banks lose N12.30 billion to fraud in three years

The Nigerian Inter-Bank Settlement System (NIBSS), on Thursday said the banking industry lost the sum of N12.30 billion to various frauds between 2014 and 2017.

Kaduna government threatens to suspend benefits to pensioners with invalid BVNs

The Kaduna State Pension Bureau has announced that pensioners on the defined benefits scheme who have invalid or duplicate BVNs will be suspended from the pension payroll by July 2018.

Nigeria eyes $1.3 billion from asset sales this year

Nigeria expects to raise about N400 billion ($1.3 bn) via asset sales this year, part of which would help finance its record 2018 budget.

President Buhari appoints new CBN deputy governor

President Muhammadu Buhari has approved the nomination of Folashodun Adebisi Shonubi as Deputy Governor at the Central Bank of Nigeria subject to Senate confirmation.

BDCs moves to improve transparency in transactions

The Association of Bureau De Change Operators of Nigeria (ABCON), says it has taken measures to ensure that its members imbibe the culture of transparency in transactions and corporate governance.

Bank customers reduce despite central bank’s campaign for financial inclusion

Despite Central Bank of Nigeria’s (CBN) effort to promote financial inclusion, the Nigeria Inter-Bank Settlement System (NIBSS) banking industry statistics shows that the number of customers using financial services reduced in 2017.

House of Reps orders probe into N20trn unremitted stamp duties

The House of Representatives has ordered an investigation into the N20tn said to have been collected as stamp duty between April 2013 and March 2017, but which was not remitted to the Consolidated Revenue Fund of the Federation.

Deadline for bank accounts without BVN elapses today

The deadline for customers of Microfinance Banks (MfBs) and Other Financial Institutions (OFIs) without Bank Verification Number (BVN) linked to their accounts has elapsed today, January 1,2018.

Banking sector records transactions worth N19.33 trillion in Q3 – NBS

The National Bureau of Statistics (NBS) says 213.69 million transactions valued at N19.33 trillion are recorded in the third quarter as data on Electronic Payment Channels in the banking sector.

Chams celebrates 32 years of championing innovative solutions for public, private sectors

The group spans across Identity Management, Biometric Solution Platforms; Business Process Outsourcing Services; Electronic and Card Payment Systems; Mobile Payments; ATM sales, deployment and support; POS deployment and support.

BVN enrolment rises to 30m – NIBSS

Followinmg the 14 days given banks by the a Federal High Court in Abuja on October 17, 2017 on the release of bank accounts without Bank Verification Numbers (BVN), customers who were yet to comply have been doing so as the number of BVN issued has risen to 30.655 million.

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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Nollywood actress Omotola Jalade Ekeinde has sadly announced the death of her close cousin who died recently in United Kingdom from coronavirus.

Nollywood actress Omotola Ekeinde contracts coronavirus

Popular actress Omotola Jalade Ekeinde, also known as Omosexy, has revealed that she has tested positive positive for coronavirus and is currently in isolation where she’s receiving treatment.
At least four people have been killed in clashes in Ivory Coast as hundreds took to the streets following President Alassane Ouattara's decision to run for a third term this October.

One dead in fresh Ivory Coast clashes over president’s re-election bid

At least one person was killed in clashes in Ivory Coast on Saturday in the latest violence sparked by President Alassane Ouattara’s controversial decision to run for a third term in October.

NCFront: DSS invites ex-Reps Speaker over TV interview

The Department of State Services has invited a former member of the House of Representatives, Ghali Na’aba, for questioning on Monday.
Dr Fahad AL-Taffaq, the United Arab Emirates (UAE) Ambassador to Nigeria, made this known in his address to commemorate the 48th National Day of the UAE on Tuesday in Abuja.

UAE donates 7.5 tonnes of medical supplies to Nigeria

The United Arab Emirates (UAE) on Saturday donated 7.5 tonnes of medical supplies to the Nigerian Government to support it in its response to the Coronavirus COVID-19 pandemic.
Kaduna State Ministry of Health on Saturday confirmed that a four-month-old child was among the 20 new coronavirus cases recorded in the state on Friday.

Two coronavirus patients discharged in Kwara

Two patients who tested negative for the coronavirus pandemic were discharged in Kwara on Friday.