Economy
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CBN directs DMBs to freeze accounts of individuals linked with terrorist financier
The Central Bank of Nigeria (CBN) has directed financial institutions to freeze the accounts of individuals linked to Abdul Rehman Makki. The apex bank in a statement signed by Director, Financial Policy and Regulation Department, Harry Audu stated that the United Nations Security Council had listed Abdul Rehman Makki on 16 January 2023 as being associated with ISIL or Al-Qaidaf…
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CSO commends Supreme Court verdict on redesigned Naira notes deadline
A civil society organization, Centre for Social and Economic Rights (CSER) has commended the Supreme Court verdict extending the use of old naira notes as a legal tender beyond the deadline date of 10th February 2023 set by the Central Bank of Nigeria (CBN). The organization through it’s Executive Director, Nelson Ekujumi in a statement on Wednesday said: “The judiciary…
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BREAKING: Supreme Court stops FG, CBN from banning old Naira notes by February 10
The Supreme Court has stopped the Federal Government and the Central Bank of Nigeria (CBN) from withdrawing the old Naira notes as a legal tender by February 10. The apex court gave the interim injunction on Wednesday after the governors of Kogi, Kaduna and Zamfara states dragged the Federal Government and CBN to court. According to the Supreme Court, the…
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TUC gives FG 7-day ultimatum to provide solution to fuel, Naira scarcity
The Trade Union Congress (TUC) has given the Federal Government a 7-day ultimatum to provide solution to the fuel and Naira notes scarcity in the country. The TUC gave the ultimatum in a press release jointly signed by its President, Comrades Festus Osifo and Secretary General, Nuhu Toro. The TUC said it is not interested in blame game, demanding for the immediate return to…
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NCC commended as AfricaNXT 2023 begins
The Nigerian Communications Commission (NCC), at the opening of the AfricaNext show at the Landmark Event Centre in Lagos, Monday, attracted industry commendation for its efficient regulatory processes that have given verve to the realisation of full digital economy in the country. Chief Executive Officer of CashToken Africa, Mr. Lai Labode, said the manner with which the Commission understands and…
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FMDQ Depository becomes member of International Securities Services Association
In furtherance of the advancement of its business development agenda through strategic alignment with relevant international professional bodies, FMDQ Depository Limited on Monday announced its approval as a member of the International Securities Services Association (ISSA). FMDQ Depository, a Central Securities Depository (CSD) registered by the Securities and Exchange Commission, Nigeria, considers this approval beneficial to the execution of its…
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PHOTO NEWS: FIRS, LIRS sign MoU in Lagos
The Federal Inland Revenue Service (FIRS) and the Lagos State Inland Revenue Service (LIRS) on Monday signed a Memorandum of Understanding in Lagos. FIRS Chairman, Muhammad Nami signed on behalf of the FIRS, while LIRS Chairman, Ayodele Subair signed on behalf of the LIRS. Among those present at the MoU signing at Lagos House, Marina were Lagos State Governor Babajide…
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Nigeria, Niger Republic sign agreement on border frequency coordination
Nigeria and Republic of Niger have signed a bilateral agreement in Abuja for coordination of frequency utilisation along their borders to ensure seamless deployment of services within the two countries. The agreement signing ceremony was one of the highlights of the two-day Digital Economy Regional Conference, hosted by the Federal Government and facilitated by the Federal Ministry of Communications and…
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Buhari greets FIRS Chairman, Muhammad Nami, at 55
President Muhammadu Buhari warmly felicitates with the Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Mamman Nami on his 55th birthday, praising him for making commendable efforts to raise government revenues, especially at this time of great need. President Buhari notes that the leadership and guidance of Nami has repositioned operations and staff of the agency, using technological…
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Public service recognition a morale booster for us, FIRS
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, has stated that his recognition by the LEADERSHIP Awards as the Newspaper’s Public Service Person of the Year 2022 is a morale booster for the Service to do more. Mr. Nami stated this while speaking to journalists after receiving the LEADERSHIP Public Service Person of the Year 2022…
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