Ghana’s gold industry has entered a new phase of regulation as the Ghana Gold Board (GoldBod) officially began enforcing the mandatory use of GoldBod receipts for all transactions involving licensed …
Category:
Regulation
-
-
EnergyGovernment PolicyInsuranceLawPublic SafetyReal EstateRegulationSecurity
New Law Makes Insurance of Public Buildings and Fuel Stations Compulsory, Defaulters Face Fines and Jail
Landlords and occupiers of public buildings in Nigeria now risk a fine of N1 million, a jail term of 12 months, or both, if they fail to insure their properties …
-
AviationEconomyGovernment PolicyMaritimeNigeriaPublic SafetyRegulationTransportation
NSIB Warns New IGR Tax Law Could Disrupt Transport Safety Investigations
The Director-General of the Nigerian Safety Investigation Bureau (NSIB), Capt. Alex Badeh, has raised alarm over the possible negative impact of the newly passed Internally Generated Revenue (IGR) tax law …
-
EnergyGovernancePoliticsPower SectorRegulation
Tinubu Names Abdullahi Ramat as Acting Head of Electricity Regulatory Commission
President Bola Ahmed Tinubu has nominated 39-year-old Abdullahi Ramat as the new Chairman and Chief Executive Officer of the Nigerian Electricity Regulatory Commission (NERC). The announcement was made in a …
-
BankingCorporate AffairsEconomic PolicyFinanceGovernanceGOVERNMENTRegulation
NDIC Pays ₦54.62bn to Heritage Bank Depositors
The Nigeria Deposit Insurance Corporation (NDIC) has disclosed that it has paid ₦54.62 billion to 691,418 depositors of the now-defunct Heritage Bank. The Corporation also announced a liquidation dividend of …
-
BusinessGovernanceINVESTMENTRegulationTelecommunications
NCC Introduces New Governance Rules as Foreign Investment in Telecoms Falls by 58%
The Nigerian Communications Commission (NCC) has announced a new set of governance rules for telecom operators across the country, as the sector battles a sharp drop in foreign direct investment …
-
GOVERNMENTInfrastructurePoliciesPublic SafetyRegulationTransportation
Ex-NRC Boss Seyi Sijuwade Says Internal Rail Accident Investigations Are Dangerous
Former Managing Director of the Nigerian Railway Corporation (NRC), Engineer Seyi Sijuwade, has raised serious concerns over the way rail accidents are investigated in Nigeria, saying the current system allows …
-
BusinessCrimeEconomyGovernancePublic SectorRegulation
Auctioneers Group Sets Up National Task Force to Clean Up Industry
The Nigerian Auctioneers Group has taken a bold step to bring order to the auction industry by setting up a National Task Force Committee. This move is aimed at stopping …
-
BankingBusinessFinance & ServicesInfrastructureRegulationTechnology
NOVA Bank Targets Growth with New Branches, Regional Licence Plan
NOVA Bank has announced plans to open new branches in Owerri, Abuja, and Port Harcourt as part of efforts to expand its operations across the country. The bank also said …
-
BankingFinance & ServicesGovernanceKenyaRegional CooperationRegulation
CBK to Launch Deposit Guarantee Fund to Protect SACCO Depositors
The Central Bank of Kenya (CBK) has announced plans to set up a Deposit Guarantee Fund (DPF) worth KSh180 million to protect members of Savings and Credit Cooperative Societies (SACCOs) …