Customs, agents disagree over National Single Window operations
By Godwin Oritse & Efe Onodjae There are indications of festering disagreements over the implementation of the National Single Window (NSW), a centralized digital portal launched by the Federal Government in March this year to address delays in import-export processing at the ports. It allows importers and exporters to submit trade documents once, replacing duplicate paperwork […]
NEXIM Bank’s funding of mining sector hits N7.17bn
The Nigerian Export-Import Bank (NEXIM Bank) says it has channeled N7.17 interventions funds to the mining sector and created more than 4,302 direct jobs. This is since inception of the bank till date.
Confusion over NERC’s stand on electricity tariff
To be or not be? That is the question or the state of confusion facing Nigerians as regards electricity tariff. The confusion is aggravated by the recent declaration of the Nigerian Electricity Regulatory Commission, NERC that it is not going to increase electricity tariff by 40 percent.
CBN concerned about rising non-performing loans
The Central Bank of Nigeria, CBN, has warned of a grave financial crisis in the Nigerian banking sector in the remaining part of 2015, while it also raised an alarm of a likely increase in Non-Performing Loans, NPL, in the financial sector due to the exposure of banks to the oil and gas sector.
BoI’s facility boosts local cables production by 30,000 tonnes
THE Bank of Industry’s s intervention in the nation’s real sector, especially in the cables and wires industry, has increased local production of electric cables by 28,000 metric tonnes following the expansion of Coleman Wires and Cables factory from 2000 metric tonnes to 30,000 metric tonnes.
Mining engineers task FG on minerals devt
The Nigerian Society of Mining Engineers, NSME, has called on the Federal Government to muster the political will to develop the solid minerals sector, its President, Mr Benjamin Onwude, urged at the NSME Conference held in Jos, Plateau State, recently.
SEC, investors and the e-dividend mandate portal
“Investors should be educated to complete separate forms for each shareholder account number, as upload of e-Dividend Mandate Forms shall be on the basis of individual shareholder number and company of investment indicated by the investor on the physical e-Dividend Mandate Form.”
SEC urges compliance to Corporate Governance Code
The Director-General of the Securities and Exchange Commission, Mounir Gwarzo, has called for a strict compliance with Corporate Governance codes by companies operating in the country.
Experts canvass more initiatives on renewable energy
The need to impact on the lives of thousands of people that are not connected to the national grid in remote villages across the country gave birth to the partnership for power generation through its Solar Energy to improve their living standard.
Standard Bank seeks fair resolution of Stabic IBTC, FRC tussle
The Standard Bank Group has expressed its readiness for a fair resolution of the tussle between its Nigerian subsidiary, Stanbic IBTC and the Financial Reporting Council of Nigeria (FRCN).
CBN moves to halt ‘shylock’ lending
THE Central Bank of Nigeria CBN will soon introduce a set of measures that will protect bank customers from unethical interest rates, illegal charges and other manipulations by bank officials. The rules which are in draft form are aimed at protecting bank customers from excessive exploitation by banks. The draft rules are currently being discussed by stakeholders. According to the soon-to-be-introduced rules, the “CBN shall ensure that operators (banks), establish structures to prohibit predatory lending and hence support a positive credit culture in the industr
