eTranzact partners SMEDAN to expand digital access for SMEs
By Elizabeth Adegbesan eTranzact International Plc has reaffirmed its commitment to supporting Micro, Small and Medium Enterprises, MSMEs, through digital payment solutions, as it deepens its partnership with the Small and Medium Enterprises Development Agency of Nigeria, SMEDAN, to promote financial inclusion. The commitment was made at the SMEDAN/eTranzact Town Hall Engagement, themed, “Financial Literacy and […]
FRC Rule 2(c): Court sets aside qualification of audit committee chairman
A FEDERAL high court sitting in Lagos has overruled Financial Reporting Council, FRC, Rule 2(c) that only qualified accountants can be a chairman of the audit committee of a Public Liability Company, Plc.
Stockbrokers, investors’ apathy grounds Direct Cash Settlement
BARELY two years after it was introduced by the Securities and Exchange Commission, SEC, and Nigerian Stock Exchange, NSE, the implementation of the Direct Cash Settlement (DCS) initiative has been grounded by increasing apathy from stockbrokers and investors.
PenCom directive triggers slowdown in voluntary pension contribution
FOLLOWING the recent directive of the National Pension Commission, PenCom, which limits access to such contribution after retirement, employees making voluntary contributions into their Retirement Savings Account (RSA) has stopped such contribution.
Shareholders task SEC on proper monitoring of operators
THERE are lots of sharp practices in the Nigerian capital market and it is time for regulators, especially the apex regulator, Securities and Exchange Commission, SEC to hold the bull by the horns by scrutinising annul reports of public companies and other activities of operators.
2017: Leadership changes in MfB sub sector
THE Micro-finance Bank, MfB, sub-sector witnessed major leadership changes in some MfBs and in the National Association of Micro-finance Banks, NAMB, in 2017.
