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 […]
FirstBank achieves PCI DSS Version 3.2 recertification
FIRST Bank of Nigeria Limited has successfully recertified to the Payment Card Industry Data Security Standard (PCI DSS) version 3.2, having been one of the first top-tier banks in Nigeria to obtain the PCI DSS certification in 2014.
CBN mandates IFIS to increase agent network to 150,000 by 2020
The Central Bank of Nigeria (CBN) has mandated Interswitch Financial Inclusion Services (IFIS), a subsidiary of Interswitch Group to grow its agent network to 150,000 by 2020, as it fulfilled all Approval-in-Principle requirements.
Cost of funds fluctuation to persist as N600bn hit interbank
THE fluctuation of cost of funds in the interbank money market will persist this week even as the market enjoys inflow of N600 billion from matured treasury bills (TBs) and statutory allocation funds.
Stringent measures necessary to sanitize capital market —CEO, Highcap Securities
David Adonri, Managing director/CEO, Highcap Securities Limited, in this interview with Financial Vanguard, spoke on some actions taken by the apex regulator of the Nigerian capital market, investors’ confidence and his expectations on the third quarter corporate performance in 2017, among others. Excerpts
Lafarge’s N131.65bn offer to reduce foreign debt, boosts profitability — Lafarge boss
LAFARGE Africa Plc has disclosed that the net proceeds from its Rights Issue of N131.65 billion will enable it to refinance a portion of the company’s foreign currency denominated shareholder loan, by way of a debt-to-equity conversion and also boost its profitability in the future.
