In line with its expansion drive, with a vision to be the world’s most respected, African Access Bank Plc has secured the final approvals of all relevant regulatory authorities in Nigeria and Kenya in respect of the acquisition of Kenya-based Transnational Bank Plc (TNB). It will be recalled that the[Read More…]
Author: Godwin Anyebe
NESG urges Nigeria to maximise AfCFTA opportunities
Latest technical report by Nigerian Economic Summit Group (NESG), has revealed that the African Continental Free Trade Area (AfCFTA), may lead to one of two outcomes; a win-win outcome for all African countries, or a zero-sum game in which the gain of one country becomes the loss of another and[Read More…]
Fidelity Bank saving’s promo produces 13 millionaires
Thirteen lucky customers of Fidelity Bank Plc have started the new year on a strong note having emerged millionaires in the third monthly draw of the Get Alert in Millions (GAIM) promo season 4 in Lagos recently. The bank also rewarded loyal customers with cash prizes worth N16 million in[Read More…]
FirstBank supports schools with over 10billion naira loan
One of Nigeria’s leading financial services provider, First Bank of Nigeria Limited, has announced that within the last year, it has supported educational institutions in the country with loans in the sum of over 10 billion naira. The Bank’s support is carried out through its FirstEdu product, an educational solution[Read More…]
Finance ACT 2019: 20 Basic Food Items, Sanitary Pads Others Make List of VAT Exemption List
In a bid to ensure that the cost of living does not rise for Nigerians because of the changes in the Value-Added Tax, several basic food items, locally manufactured sanitary towels, pads and tuition relating to nursery, primary, secondary and tertiary education have been added to the exemption list of[Read More…]
Reps panel asks NERC to suspend electricity tariff increase
The house of representatives committee on power has asked the National Electricity Regulatory Commission (NERC) to suspend the planned increase in electricity tariff. NERC had directed the electricity distribution companies (DisCos) to enforce an upward review of the tariff starting from April 1. But at its meeting in Abuja on[Read More…]
Huawei leads in products type approval by NCC
Huawei remains the firm to beat in terms products Type Approval amongst all Original Equipment Manufacturers (OEMs) and digital products distribution franchises operating in Nigeria, according to the Nigerian Communications Commission (NCC). Recalls that the NCC is empowered by the Nigerian Communications Act 2003 to establish and enforce standards for[Read More…]
Investigation: Honey products with NAFDAC number impure, compromise health
There is a proliferation of impure honey in major malls and shops in Abuja, Nigeria’s capital city. The spread of low quality honey products compromises the health of Abuja residents, Amos ABBA and Rebecca AKINREMI examine five popular honey products in Abuja supermarkets. In the report, they also expose how[Read More…]
CBN Directive: Petrol Stations, Malls Still Charge N50 Stamp Duty
Despite the repeated clarification and caution from the Central Bank of Nigeria (CBN) and the Federal Competition and Consumer Protection Commission (FCCPC), investigation by Daily Trust reveals that merchants have continued to charge their customers N50 stamp duty. Daily Trust reports that the Federal Government recently stopped the additional N50[Read More…]
Expert urges amendment of Consumer Protection Act
A retired Judge of the Federal High Court, Justice E. O. Sanyaolu, has urged stakeholders in the justice sector to take a look at the Federal Competition and Consumer Protection (FCCPC) Act 2019 in order to address possible areas of amendment of the Act. Noting that the Act was signed[Read More…]
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FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]