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Nigeria Inter-Bank Settlement System
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.
The federal government has spent about N300 billion on the National Social Investment Programmes in the last three years.
The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.
The Securities and Exchange Commission (SEC) has advised retail investors in the capital market to invest in Collective Investment Schemes and Mutual Funds to help reduce risk.
Managing Director, Nigeria Inter Bank Settlement System (NIBSS), Mr Niyi Ajao, says the nation’s financial inclusion rate has increased to 63.6 per cent in 2018 from 45.4 per cent recorded in 2016.
The Securities and Exchange Commission (SEC) yesterday extended the deadline for shareholders with multiple accounts till December 31, 2019 from the December 31, 2018.
The Nigerian capital market would soon introduce the electronic initial public offer (e-IPO) system in the country, the Securities and Exchange Commission (SEC) announced on Wednesday.
The Securities and Exchange Commission has extended the forbearance deadline for shareholders with multiple accounts to December 31, 2019 from December 31, 2018 for more investors to embrace the initiative aimed at reducing unclaimed dividends.
The Central Bank of Nigeria said it was developing a Risk Based Cyber Security Framework for banks and payment service providers to combat internet fraud in the country.
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.
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.
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.
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.
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.
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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Thousands of residents have been displaced in Guri, Kirikassamma and Birnin Kudu council areas, the Executive Secretary of the State Emergency Management Agency, Sani Ya’u, told reporters on Tuesday.
The All Progressives Congress (APC) has reacted to the search conducted by the Economic Financial Crime Commission (EFCC) at the Epe home of a former governor of Lagos, Akinwunmi Ambode.
Governors in Nigeria’s south east have written to President Muhammadu Buhari urging him to delay the closure of the Akanu Ibiam International Airport, Enugu, and act against insecurity in the region.
The Speaker, House of Representatives, Mr Femi Gbajabiamila, has urged State Houses of Assembly to save the Local Government Area system in Nigeria from imminent collapse through its instrument of lawmaking.
Former Lagos Governor Akinwunmi Ambode has urged his supporters to remain calm and law-abiding as there was no cause for alarm.
The Lagos State House of Assembly ad hoc committee screening Governor Babajide Sanwo-Olu’s commissioner-nominees and advisers resumed the exercise yesterday with the final batch of 13 nominees it received over the weekend.
A cross section of civil servants in Niger on Thursday decried delay in payment of N30,000 new minimum wage approved by President Muhammadu Buhari.
Lagos State governor, Mr. Babajide Sanwo-Olu, has said his administration would build on the culture of excellence instituted in the state’s civil service. This, he said, was best way to build on the legacies of retired civil servants that invested their energies to build the state.
Governor of Oyo state, Seyi Makinde, who is also the Chairman, Peoples Democratic Party (PDP) Screening Committee for Bayelsa said the party has no preferred aspirant for its primary election in Bayelsa.
The Economic and Financial Crimes Commission, EFCC, has denied raiding the residence of the immediate past Governor of Lagos State, Akinwunmi Ambode.