The Central Bank of Nigeria (CBN) has directed Nigerians to stop the payment of N50 extra charges on Payment on Sale, POS machine transactions. Speaking on Channels Television’s Business Morning programme, the CBN Director of Payment System Management, Musa Jimoh, said the apex bank issued a circular and merchants have misinterpreted the directive. Musa Jimoh explained that the N50 stamp duty is …

*FULL DETAILS ATTACHED The Central Bank of Nigeria (CBN) has announced a reduction in bank charges paid by bank customers effective January 1, 2020. The CBN in a circular dated December 20, 2019 and released via their official website on Sunday, stated that the move was done to encourage financial inclusion and to reduce the burden of bank charges on …

Lagos State Governor, Babajide Sanwo-Olu promised continuous support for Micro, Small and Medium Enterprises (MSMEs) in the state to boost the economic strength of Nigeria’s business hub. The governor made this pledge in his address at the opening of the 4th Lagos State Micro, Small and Medium Enterprises fair on Thursday, 13th December 2019; at the Agege Stadium. Hotjist.com was …

The Federal Airports Authority of Nigeria has released an official statement clarifying that they did not ban the activities of Uber, Bolt and any other taxi service from Lagos airports or any other airport in Nigeria. In release signed by the General Manager, Corporate Affairs; Mrs. Henrietta Yakubu, she stated that “passengers and the general public are free to use …

Two top officials of defunct Bnal PHB (now Keystone Bank); Anayo Nwosu and Olajide Oshodi along with their accomplice, an Indian businessman named Ashok Israni were on Monday sentenced to five years imprisonment each for their roles in a N855m fraud charge levelled against them. In a judgement delivered by Justice Kudirat Jose of the State High Court, Igbosere, Lagos; …

It is no news that Lagos State is the hub for Micro, Small and Medium Scale businesses in Nigeria and this has been strengthening the economy of the state. In furtherance of this, Hef’Rworld will be participating at the 4th Lagos State Micro Small and Medium Enterprises Exclusive Fair 2019, where they will showcase men and women’s shoes, bags, clothes, …

Operatives of the Economic and Financial Crimes Commission (EFCC), Sokoto Zonal Office, have arrested one Amina Kabo (a.k.a Firdausi Kabo) a wonder Bank Manager and promoter of Olive Micro Finance Bank, located at No. 26 Dubabe Plaza. She was arrested for alleged offences of Conspiracy, Forgery and Obtaining Money by False Pretence to the tune of N897, 500 (Eight Hundred …

The National Communications Authority (NCA) has sanctioned the Mobile Network Operator, MTN in Ghana for failing to adhere with the directives which were sent to them following some challenges with their network recently. Over the past few days, customers of the mobile network operator in the country were unusable to buy data from their mobile money wallet while some customers saw a dire reduction in the volume …

Youth corpers who won the maiden edition of “Corpreneurship” in the Lagos State National Youth Service Orientation Camp has been rewarded with money to kick-start their own businesses. The overall winner got N500,000, the first runner-up got N300,000, while the second runner-up got N200,000. According to the organisers, the challenge was a novel entrepreneurship development initiative aimed at promoting the entrepreneurial …

Ifeoluwapo Soyebi . It is often being said that, “people will always look down on you, so always wear good shoes.” Footwear making has evolved over the years, from the use of locally crafted animal skin to the use of high-quality leather materials. Today technology has rebranded footwear production. The primary purpose of using footwear is to ease locomotion and …