Expert seeks protection for digital money lenders in Nigeria

By Rukayat Moisemhe Mr Gbemi Adelekan, Chairman, Money Lenders Association, has emphasised the need for better regulatory protection for money lending operators and consumers. Adelekan, also, Chief Client Officer, Kwikpay Credit, a foremost digital money lending service, gave the advice in an interview with the News Agency of Nigeria (NAN)Continue Reading

Businesses fail due to poor planning, management- CAC

  By Lucy Ogalue Mr Hussaini Magaji, Registrar-General, Corporate Affairs Commission (CAC), says most businesses fail due to poor planning and management. Magaji, represented by CAC’s Director of Compliance, Justine Nidia, said this during the 2023 CAC Management Retreat held in Keffi, Nasarawa State. The News Agency of Nigeria (NAN)Continue Reading

FAAC shares N1.08trn November revenue to FG, States, LGCs

By Kadiri Abdulrahman The Federation Account Allocation Committee (FAAC) has shared N1.088.783 trillion November revenue to the Federal Government, States and Local Government Councils (LGCs). This is according to the communique issued by the FAAC at its meeting on Friday. The communique said that the distributable revenue comprised statutory revenueContinue Reading

Minister tasks geoscientists on boosting investments in solid minerals 

  By Martha Agas The Minister of Solid Minerals Development, Dr Dele Alake, has tasked geoscientists on boosting development in the solid minerals sector. Alake described them as critical in establishing  proposed businesses of investors that Nigeria was wooing to the sector. He made the call while speaking at theContinue Reading

    By Chiazo Ogbolu The Chairman House Committee on Shipping Services, Mr Abdussamad Dasuki, says the committee is seeking a legal backing for the establishment of a Nigerian Shipping Commission. Dasuki said this at the opening ceremony of a two-day strategy retreat for senior executives of the Nigerian Shippers’Continue Reading

Regulated financial inclusion of adults in Nigeria reaches 74%—-EFInA survey

    By Lydia Ngwakwe The Enhancing Financial Innovation and Access (EFInA) says the percentage of adults who use regulated financial services in Nigeria has reached 74 per cent in 2023. Dr Oluwatobi Eromosele, General Manager/ A2F Research Lead, EFInA, disclosed this while presenting Access to Financial Services in NigeriaContinue Reading

High cost of sugar: FCCPC, council collaborate to promote competition

By Ginika Okoye The Federal Competition and Consumer Protection Commission (FCCPC), and the National Sugar Development Council (NSDC) are collaborating to promote competition in the sugar market for effective consumer protection. Mr Babatunde Irukera, the Executive Vice Chairman of the FCCPC, said this when he paid a visit to MrContinue Reading