Breaking News in Nigeria Today Wednesday 30th March 2022
Here are some of the Breaking News in Nigeria Today Wednesday 30th March 2022 on some of the nation newspapers .
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Sustaining battle against ponzi scheme
There is need to sustain the fight against activities of illegal fund managers in order to protect investors and save the market, writes CHRIS UGWU Following the rising rate of illegal fund managers in the economy, the Securities and Exchange Commission (SEC) and other stakeholders have continued to raise the alarm over the activities of
Customs frets over new verification mechanism
Nigeria Customs Service (NCS) has contended that the introduction of e-valuator and e-invoicing for import and export by Central Bank of Nigeria (CBN) to curb sharp practices in the port should have been jointly reviewed to make it acceptable to stakeholders, BAYO AKOMOLAFE reports In 2021, the Central Bank of Nigeria (CBN) in a letter
NIWA seeks security for Lagos, Onitsha ports’ transit cargoes
National Inland Waterways Authority (NIWA) has said adequate security was needed for the safe passage of cargo between Lagos ports and Onitsha river port. Managing Director of the Authority, Dr George Moghalu, said it has become imperative to improve security in the nation’s maritime environment in order to enhance safe operations. After a meeting with
PAVE as panacea to Nigeria’s forex crisis
Given that instead of being a positive development, surging oil prices seem to have brought more challenges for Nigeria’s economy, the Central Bank of Nigeria (CBN)’s Produce, Add Value, Export (PAVE) initiative is clearly the solution to one of the most pressing problems facing the country-the foreign exchange crisis, writes TONY CHUKWUNYEM During the 9th
McKinsey: Large M&A deals hit $5.9trn in 2021
The value of large deals in the global Mergers and Acquisitions (M&A) market increased by 67 per cent last year, peaking at $5.9 trillion, as corporations, Private Equity (PE) firms, and Special-Purpose Acquisition Companies (SPACs) toasted nearly 11,000 large deals—up 37 per cent from 2020, a report by McKinsey & Company has said. According to
GAIM 5: Fidelity Bank presents N10m to winners
Ten customers of Fidelity Bank Plc have smiled home with N1million each having emerged winners in the fourth monthly draw of the Fidelity Bank Get Alerts in Millions season 5 promo (GAIM 5). Speaking at the prize presentation event in Lagos, the Promo Chairperson and Executive Director, Lagos and South-West, Fidelity Bank Plc, Dr. Ken
AMCON, BRIPAN to collaborate on business recovery, insolvency
Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN) has pledged to partner with the Asset Management Corporation of Nigeria (AMCON) to advance the tenets of insolvency and business recovery practice in Nigeria. The President of BRIPAN, Mr Ayodele Akintunde, made the pledge while leading a delegation of the executives of the association on a
Stanbic IBTC emerges winner at Cosmopolitan The Daily Business Awards
Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings, has been awarded the “Best Cash Management Bank” and the “Best Trade Finance and Supply Finance Provider in Nigeria” at the 2022 edition of the Cosmopolitan The Daily Business Awards, which held recently. Organised by Cosmopolitan The Daily Business publication, the business award recognises financial
FMDQ reports N14.23trn turnover in February
Turnover in the FIC markets in February 2022 was N14.23 trillion, representing a month-on-month (MoM) increase of 0.71 per cent (N0.10 trillion) and a year-on-year (YoY) decrease of 24.67 per cent (N3.51trillion) from turnover in January 2022 and February 2021, respectively. Foreign Exchange (FX), CBN Special Bills and OMO bills were the highest drivers of
Ship owners press NIMASA to end foreign vessels’ illegalities
Ship owners have mounted pressure on Nigerian Maritime Administration and Safety Agency (NIMASA) to stop foreign flagged vessels from operating on the nation’s waters illegally. The ship owners under the umbrella of Ship Owners Association of Nigeria (SOAN) said that some liners were disregarding the country’s extant laws and regulations in a bid to cripple
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