Kenya’s president has picked an IMF adviser, Patrick Ngugi Njoroge, as the next central bank governor, pending approval by parliament, his spokesman said on Tuesday.

If we look at the level of financial literacy and development of the financial ecosystem, particularly for consumers,’ we are still at the early stages of the electronic ecosystem, and there has been a good deal of progress, with that progress there is a need for financial literacy as part of that progress. Our commitment is to focus on financial literacy, provide and teach individuals systems that help them to learn how to spend, save and budget properly. If you have the basic understanding everyone will learn from it and that is one of the purposes of the progress. We have been doing our programmes for decades in Visa and we have had programmes localised in about 30 countries, our initial commitment was to take 20 million people through our financial literacy programmes by 2013 and we have achieved that a year early and to date we are approaching 30 million people who have done visa financial literacy programmes.

The Federal Airports Authority of Nigeria, FAAN, has partnered Nigeria’s multinational telecommunications company, Globacom Ltd, to launch a nationwide Wireless Fidelity (Wi-Fi) facility across all the airports in the country.

The International Civil Aviation Organisation, ICAO, has commenced its ICAO Universal Security Audit Programme of Nigerian civil aviation .

All goods and services are ‘VATable’, except those that are exempted under schedule 1 of the Act. These are: Goods Exempted All medical and pharmaceutical products, Basic food items, Books and educational materials, Baby products, Fertilizer, locally produced agricultural and veterinary medicine, farming machinery, and farming transportation equipment All exports Plant and machinery imported for […]