The National Broadcasting Commission (NBC) has revoked the broadcast licenses of 52 broadcast stations across the country over-indebtedness to the regulatory commission. The stations were owing the Commission N2.6 billion since 2015. …
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- AfricaAFRICA NEWSNewsNigeriaWestern Africa
- AfricaAFRICA NEWSBusinessNewsNigeriaWestern Africa
NGX approves international breweries’ free float extension
The Nigerian Exchange Limited (NGX) has approved International Breweries’ free float compliance extension request of two (2) years ending 30 July 2024. This was contained in a disclosure on approval of …
- AfricaAFRICA NEWSBusinessNewsNigeriaWestern Africa
FCCPC bars Flutterwave, Opay, and others from providing services to loan sharks
The Federal Competition and Consumer Protection Commission (FCCPC), has barred all financial technology companies (Fintechs) to stop providing payment or transaction services to digital money lenders under its investigation. Some of …
- AfricaAFRICA NEWSEconomyNewsNigeriaWestern Africa
PenCom exempts retirees earning blow N10,000 from pensions
The National Pension Commission (PenCom) says retirees whose retirement savings account (RSA) balances cannot provide a monthly pension of at least one third of minimum wage, can take the whole …
The National Pension Commission (PenCom) has revealed that the total number of registered contributors and the value of pension fund assets in Nigeria stand at 9,795,957 million and N14.27 trillion respectively, …
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CBN set to introduce USSD code for eNaira as transactions hit N4bn
The Central Bank of Nigeria (CBN) says it will roll out the unstructured supplementary service data (USSD) code for eNaira next week. Godwin Emefiele, CBN governor, revealed this on Thursday …
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Cashless Economy: Cheque transactions in Nigeria fall 12% to N240bn
The value of cheque transactions in Nigeria has fallen month-on-month (MoM) by 12 per cent to N240 billion in July from N274 billion in June, as the cashless economy continues …
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Sisi appoints Hassan Abdullah as acting governor of Egypt’s central bank
President Abdel Fatah El-Sisi issued Thursday a republican decree appointing Hassan Abdullah former Vice Chairman & Managing Director of the Arab African International Bank, as acting governor of the Central …
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Mansourah Poultry Egypt agrees to sell entire stake in Koko
Mansourah Poultry’s (MPCO) board of directors approved the purchase offer submitted by Ahmed Gomaa El-Desouky for the company’s whole stake in El-Safwa Poultry (Koko) in consideration of EGP 10.001 million, …
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Mercedes-Benz Egypt to open logistics hub at SCZONE in 2022
Mercedes-Benz Egypt is getting ready to begin operations at its new logistics hub at the Suez Canal Economic Zone (SCZONE) in Ain Sokhna soon this year, according to a press …