BANK customers are to pay more for Point of Sale (PoS) transactions. This follows a Central Bank of Nigeria’s directive to banks to charge N50 Stamp Duty on individual transactions. The directive on the Unbundling of Merchant Settlement Amounts was contained in the CBN circular to banks, processors and switches,...
The Speaker of House of Representatives, Femi Gbajabiamila, has assured that the lawmakers would ensure that Nigerians get adequate supply of electricity that is commensurate with what they pay for. He disclosed this when he received the management team of the Transmission Company of Nigeria (TCN) who paid him a...
• Extends tenure of 7 perm secs President Muhammadu Buhari has ordered the Head of Service of the Federation, Winifred Oyo-Ita, to proceed on an indefinite leave to allow conclusion of the investigation being carried out by the Economic and Financial Crimes Commission. He has also approved the appointment of Dr....
*Says it’s NIWA’s responsibility The federal government on Tuesday in Abuja, ordered the Lagos state government to as a matter of urgency hands off the waterways in the state, noting that it is the responsibilities of the Nigerian Inland Waterways Authority (NIWA) to oversee the sector. Minister of Transportation, Mr. Chibuike...
The fate of Vice President Yemi Osinbajo who President Muhammadu Buhari once described as a loyal deputy was hanging in the balance last night, The NATION. Prof. Osinbajo has been more than just a number two; he has been the poster boy of the Administration. A man of intellectual depth, Osinbajo...
President Muhammadu Buhari has directed Vice-President Yemi Osinbajo to, henceforth, seek presidential approvals for agencies under his supervision, TheCable can report. Under the laws setting up the agencies, the president is empowered to give final approvals but TheCable understands that the provisions were not followed during the first term. TheCable learnt...
The Federal Government has urged Nigerians among the 80 persons indicted by the United States for massive email fraud and money laundering that are in the country to turn themselves in voluntarily or be arrested and extradited. The Chairman/CEO of Nigerians in Diaspora Commission (NIDCOM), Abike Dabiri-Erewa, who expressed sadness over...
President Muhammadu Buhari has sacked his social media aides, Lauretta Onochie and Bashir Ahmad. The President reappointed Femi Adesina and Garba Shehu as Special Adviser on Media and Publicity and Senior Special Assistant on Media and Publicity, respectively. Also reappointed is Laolu Akande, Senior Special Assistant on Media and Publicity, Office...
President Muhammadu Buhari, on Thursday, has said Nigeria must reduce dependence on medical treatment abroad. He, however, assured that the efforts by the Federal Government will be redoubled to improve health facilities, equipment and services in the country. The President spoke at the commissioning ceremony of Nigerian Air Force Reference Hospital...
A former Attorney General of the Federation and Minister of Justice, Mohammed Adoke, has explained that the acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, may be working against him as puppet of Vice-President Yemi Osinbajo. Adoke made the explanation in his book titled Burden of...