Category: BUSINESS

CBN Strengthens Regulatory Oversight to Safeguard Nigeria’s Financial System

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The Central Bank of Nigeria (CBN) has reaffirmed its commitment to maintaining a transparent and resilient financial system by reinforcing regulatory compliance and risk management across Nigerian financial institutions. Speaking at a high-level Mandatory Compliance and Anti-Money Laundering (AML) Training Workshop held in collaboration with Citi on February 28, 2025, in Lagos, Ms. Shola Phillips, Special Adviser to the CBN Governor on Compliance, emphasised the need for strict adherence to global banking standards to sustain confidence in Nigeria’s financial sector. “Regulators expect financial institutions to maintain dynamic, risk-based AML/CFT programmes…

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CBN Governor, Cardoso Champions Stronger Nigeria, Saudi Ties 

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The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reiterated the Bank’s dedication to enhancing economic cooperation between Nigeria and the Kingdom of Saudi Arabia. During a courtesy visit to the CBN headquarters by the Ambassador of the Kingdom of Saudi Arabia to Nigeria, H.E. Faisal bin Ibrahim Alghamdi, and his delegation recently, Mr. Cardoso emphasised the Bank’s commitment to fostering partnerships across critical sectors that drive economic growth. He stated that the CBN is prepared to play a critical role in fostering collaboration and that…

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There Is No Budget Infraction In My Ministry – MSD Perm Sec

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The permanent Secretary, Ministry of Steel Development Dr. Chris Osa Isokpunwa has refuted claims by the National Assembly that there are infractions in the ministry’s 2024 budget implementation. He said the ministry did not have sufficient funds to implement projects in 2024, so he wonders where the issue of ghost projects emanated from. Isokpunwu who expressed surprise at the claims of members of the committee said the ministry of steel development has consistently complied with civil service rules in the implementation of its budget over time. He disclosed that strategy…

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Cardoso Champions We-Fi Code Declaration For Women Entrepreneurs

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By Ebriku John Friday The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has urged stakeholders in the financial ecosystem to adopt the Women Entrepreneurs Finance (We-Fi) Code as part of a collective drive to enhance the financial inclusion of women entrepreneurs across Nigeria. Mr. Cardoso stated this at the landmark event of Nigeria’s public declaration of commitment to the We-Fi Code, held at the CBN Head Office on Wednesday, October 9, 2024. According to him, Mr. Cardoso, the We-Fi Code represents a commitment by financial service…

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Firm To Ease Transport With CNG Powered Commercial Buses, Tricycles For RTEAN Members In Cross River

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A leading Gas and Power company in Nigeria Blue Stone Gas and Power Company Limited is to boost the Transportation sector in Cross River State through the provision of hundreds of Compressed Natural Gas (CNG) powered commercial buses and tricycles popularly known as Keke. This was made known when the Executive Director, Blue Stone Gas and Power Limited, Prince Deji Afolabi alongside Head of the company in Cross River State, Mr. Emmanuel Etim had a meeting with the Honourable Commissioner, Ministry of Transportation Ekpeyong Cobham in Calabar recently. Also present…

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IT Firm Holds 5-day Training On High Availability NIN Verification System For NIMC Staff

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…As NIMC, Banks, Academia, Hospitals’ Downtime Challenges Receive Solution A tech firm, Byteworks Technology Solutions Limited, brings respite to Nigerians as it provides solution called High Availability NIN Verification System, to address downtime challenges experienced by the National Identity Management Commission, NIMC, banks, academia, hospitals, and other service providers. This was made known by the Managing Director, MD, and Chief Executive Officer, CEO, Byteworks Technology Solutions Ltd, Osuagwu Ezeukwu, on the sidelines of a five-day capacity building of NIMC staff in Abuja, by Byteworks Technology Solutions Ltd, and sponsored by…

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Towering Profile of Cross River-Born Pro African Entrepreneur, Apuye Angiating

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Apuye Angiating is an experienced, multi-competent, and Pro African Entrepreneur with a proven track record of excellence in the agricultural, real estate, investment banking and healthcare sectors. He has a knack for turning ideas into creative impactful brands that address the unmet needs of the underserved and at-risk communities, focusing on developing local content/potential to compete with global brands. He has a passion for promoting youth and women productivity, which has led to the creation of brands with an inclusive ideology evident in the composition of his team and workforce.…

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Prince Eka Williams Congratulates Tinubu On Nigeria Winning Bid To Host African Energy Bank

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The Chairman Forum of the State Commissioners of Energy and Power, Prince Eka Williams who doubles as Commissioner for Power and Renewable Energy, Cross River State has congratulated the President of Nigeria, Bola Ahmed Tinubu on the nation’s winning of bid to host the Africa Energy Bank. Nigeria emerged victorious in the race to host the headquarters of the $5 billion African Energy Bank (AEB) after a competitive bidding process. The West African nation emerged as the preferred host nation amidst stiff competition from Ghana, Benin, Algeria, South Africa, and…

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Alleged Trespassing: Valington Homes Rejects High Court Judgement, Heads to Appeal

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The management of Valington Homes and Properties Ltd has rejected the judgement of the High Court of the Federal Capital Territory (FCT) delivered by Justice E. Okpe on June 26, 2024. The court had ordered Valington Homes to pay a fine of N10 million for trespassing on a plot of land allocated to Adebayo Opabiyi by the FCT authorities, in addition to N500,000 in legal costs. However, Valington Homes has filed a notice of appeal and a stay of execution at the Appeal Court in Abuja, challenging the lower court’s…

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Groups Apologise, Pass Vote Of Confidence On FIRS Chairman, Adedeji

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Forty Civil Society Organisations under the auspices of the Civil Society Committee Against Corruption in Nigeria (CSCACN) has given a vote of confidence to the Chairman of the Federal Inland Revenue Service (FIRS), Mr. Zacch Adedeji, for his exceptional leadership and achievements in revenue collection, tax administration, and contribution to national development. At a press conference in Abuja, on Monday the CSCACN apologized for a previous petition that had accused Mr. Adedeji of wrongdoing, stating that the allegations were based on inaccurate and misleading information. The CSCACN represented by Abdullah…

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