Petroleum Tankers Drivers Association has insisted that its planned strike will commence on Monday as planned because the association has not been able to reach an agreement with the Lagos State Government. The National Chairman of PTDA, Mr Salimonu Oladiti, said this in an interview with The PUNCH in Ibadan on Sunday. He said the issues which forced the drivers to plan …

President Buhari has finally signed the amended Companies and Allied Matters Bill (CAMA 2020) into law. This is a brilliant one and a win for ease of doing business especially for incorporating more MSMEs into the formal space. This new law repeals & replaces the 30yr old Company and Allied Matters Act, 1990, which has become moribund and a clog …

President Muhammadu Buhari Friday in Abuja assented to the Companies and Allied Matters Bill, 2020 recently passed by the National Assembly. The President’s action on this important piece of legislation, therefore, repealed and replaced the extant Companies and Allied Matters Act, 1990, introducing after 30 years, several corporate legal innovations geared toward enhancing ease of doing business in the country. …

The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta has said that commercial banks in the country are owing telecommunications companies over N17 billion following the regulator’s suspension of its Determination on Unstructured Supplementary Service Data (USSD) Pricing last year. The NCC, in furtherance of its mandate to protect the interests of consumers and support …

The Nigerian Communications Commission (NCC), in furtherance of its mandate to protect the interests of consumers and support a robust telecommunications sector, has revised its Determination on Unstructured Supplementary Service Data (USSD) pricing published on the 23rd of July, 2019. The amendment was necessitated following a protracted dispute between Mobile Network Operators and Financial Institutions on the applicable charges for …

The Nigerian National Petroleum Corporation (NNPC) has announced new appointments and redeployments in the National Oil Company, as part of ongoing efforts to strengthen and reposition NNPC for greater efficiency, transparency and profitability in line with the Next Level Agenda of President Muhammadu Buhari’s administration. Mr. Adokiye Tombomieye, the Group General Manager, Crude Oil Marketing Division (COMD), has been appointed …

President Muhammadu Buhari has set up an inter-ministerial committee on recovery and audit of stamp duty collection in Nigeria. A statement released by the Presidency on Tuesday afternoon said; “following the inadequacies in operation of Law and exercise of authority on stamp duty, certain backlogs of generated revenue were left unaccounted for thereby transforming into a matter of recovery for …

The Central Bank of Nigeria (CBN) has announced a total of N432 billion to support farmers of nine essential commodities for the 2020 planting season. The Director of Development Finance at the CBN, Yusuf Yila made this known at a meeting by the apex bank for farmers under its Anchor Borrowers’ Programme in Abuja on Thursday. Yila listed the commodities …

A branch of a new generation bank has been sealed in Port-Harcourt, Rivers State after the manager of the branch died due to complications arising from COVID19. Officials of the Nigeria Centre for Disease Control (NCDC) sealed the bank located at Onne area of Eleme Local Government Area of Rivers State following the report that many staff members of the …

The Federal Government has warned that about 39.4 million Nigerians may lose their jobs at the end of the year due to the impact of the COVID-19 pandemic. It also expressed fear that millions more Nigerians may slide into extreme poverty before the end of the pandemic.Vice President, Professor Yemi Osinbajo disclosed these while presenting the Economic Sustainability Report to …