Business

Telecoms Sector amongst biggest contributors to Nigeria’s socio-economic growth --- Prof Danbatta

Protect your ideas before applying to IoT Code Camp and Hackathon 2021 — NCC

Protect your ideas before applying to IoT Code Camp and Hackathon 2021 — NCC By Eyo Nsima The Nigerian Communication Commission, NCC, has admonished candidates indicating interest in its Internet of Things, IoT Code Camp, and Hackathon 2021, to ensure their ideas are well-protected to guide against theft. According to NCC, it would not be […]

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UBA’s LEO exceeds the 3 million user mark

UBA’s LEO exceeds the 3 million user mark By Eyo Nsima   The United Bank for Africa (UBA) Plc’s banking chatbot, LEO, has emerged as the smartest chatbot in Nigeria with over three million customers and counting,   In a statement obtained by The Daily- https://thedaily-ng.com,, the bank stated: ‘‘the chatbot has continued to evolve with plenty to offer its teeming customer, winning several

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Heritage Bank MD, others urge govt to develop infrastructure

Heritage Bank MD, others urge govt to develop infrastructure By Eyo Nsima   The Managing Director, Heritage Bank Plc, Ifie Sekibo, has tasked all levels of governments to provide enabling policy environment for infrastructural development in Nigeria. He made this known at the Finance Correspondents Association of Nigeria’s (FICAN) 30th-anniversary conference and award, which had, “Financing

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AfCFTA: Afreximbank launches pan-African payment platform

AfCFTA: Afreximbank launches pan-African payment platform By Eyo Nsima with Agency Report   The African Continental Free Trade Area (AfCFTA), African Export-Import Bank (Afreximbank) has launched the pan-African payment and settlement system (PAPSS) to ease cross-border payments in local currencies across different markets in the continent. In a statement obtained by The Daily, https://thedaily-ng.com, Afreximbank stated that aid

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Danbatta, Ndiaye, hoist Senegal’s flag at WATRA Secretariat

Danbatta, Ndiaye, hoist Senegal’s flag at WATRA Secretariat An event of historical significance took place in Maitama, Abuja on 16th September 2021, as the Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, joined His Excellency, Babacar Matar Ndiaye, the Ambassador of the Republic of Senegal

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JUST IN: CBN tackles illegal foreign exchange operators, retains MPR at 11.5 %

JUST IN: CBN tackles illegal foreign exchange operators, retains MPR at 11.5 %

JUST IN: CBN tackles illegal foreign exchange operators, retains MPR at 11.5 % By Eyo Nsima  The Central Bank of Nigeria (CBN), Friday, disclosed the retention of the Monetary Policy Rate (MPR), at 11.5 percent and the asymmetric corridor of +100/-700 basis points around the MPR. Addressing the press at end of the Monetary Policy

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AfDB

African Development Bank’s SEFA grant to support first Super Energy Service Company (ESCO) in East Africa

The Sustainable Energy Fund for Africa (SEFA) has announced a $1 million grant to support the government of Kenya to create a Super Energy Service Company (ESCO). The Super ESCO, to be run by the Kenya Power and Lighting Company, will develop and implement energy efficiency projects for both the public and private sectors. Super

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100 percent in number of the Financial Creditors present, voting in favour of the proposal

Notices in Terms of Section 155 of the Companies Act 71 of 2008 Relating to Steinhoff International Holdings Proprietary Limited (“The Company”) Capitalised terms used herein and not otherwise defined shall have the meaning ascribed thereto in the compromise that has been proposed by the Company to Scheme Creditors (the “Proposal”) in accordance with section

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customs

Nigeria Customs Service proposed excise duty on soft drinks, ill-timed, insensitive — Economist

By Eyo Nsima An Economist and Private Sector Advocate, Dr, Muda Yusuf, Sunday, said that the Nigeria Customs Service, NCS proposed excise duty on the production of soft drinks is ill-timed, insensitive and most inappropriate given the prevailing harsh economic and business conditions. In a statement obtained by The Daily, www.thedaily-ng.com, he stated: “At a

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Petroleum Industry Act marks a significant milestone in the administration of Nigeria’s oil and gas industry --- LCCI

How VAT payment controversy disrupted businesses in Nigeria — LCCI

By Eyo Nsima The Lagos Chamber of Commerce and Industry, LCCI, Sunday, noted that the controversy over the payment of Value Added Tax, VAT, greatly disrupted businesses in Nigeria. In a statement obtained by The Daily, www.thedaily-ng.com, Director General, Dr. Chinyere Almona, stated: “A court judgment restrained the Federal Inland Revenue Service (FIRS) from collecting

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