Trade facilitation: Customs unveils digital baggage import declaration
The Nigeria Customs Service, NCS has announced the deployment of a Simplified Baggage Import Declaration System at the Seme Area Command. This marks a new phase in its drive for digital innovation, trade facilitation, and improved passenger clearance processes. The initiative is designed to streamline baggage declaration, reduce clearance time, and enhance transparency for legitimate […]
Fund transfer: Between NIP and NEFT
THERE are different types of funds transfer services and it is important for bank customers to understand the differences and implications.
NDIC achieves three ISO certifications
THE Nigeria Deposit Insurance Corporation (NDIC) has successfully obtained three certifications from the British Standards Institution (BSI) after a rigorous process of satisfying the conditions precedent to accreditation. The Corporation in a statement said the certifications were for Information Security Management System ISO/IEC 27001:2013, IT Service Management System ISO/IEC 20000-1:2011 and Business Continuity Management System, ISO 22301:2012.
Industry woes deflate appetite for oil & gas companies’ shares
INVESTORS in the nation’s capital market have continued to demonstrate low appetite towards shares of companies in the oil and gas sector of the Nigerian Stock Exchange, NSE, as the sector’s performance year-to-date, ytd, lagged largely behind the other sectors in the market.
Spill over of economic recession ruffles insurers in 2017
YEAR 2017, for the insurance industry has been a challenging and difficult business period given that the economy is still reeling from the spill over of economic recession which lasted till first quarter of the year. It will be recalled that in 2016, the sector grappled with lack of foreign exchange to re-insure businesses abroad; scarcity of funds by individuals and corporate organisations to buy insurance covers for their assets; preference for short term cover to long term during renewal periods, among others.
Technology has helped in checking unauthorised sale of shares — Fakrogha, Foresight Securities
Since the capital market meltdown of 2008, the Nigerian Stock Exchange, NSE, has come up with various initiatives in terms of technological development to advance the market in keeping with international best standard. In this interview, Mr. Charles Fakrogha, Stockbroker/Chief Relationship Officer with Foresight Securities & Investment Limited, highlighted some of such initiatives and how they have helped in advancing the market.
