N50 PoS Charge To Be Paid By Businesses Not Customers - CBN   The Central Bank of Nigeria (CBN) has urged customers not to pay N50 charged to businesses for using point of sale (PoS) machines. A Director in CBN’s Payment System Management Department, Musa Jimoh, explained...

We're Committed To Attracting Cheap Funds For Businesses - BoI   The Bank of Industry (BoI) has reaffirmed its commitment to attracting foreign investments into the country. Indeed, the Development Finance Institution (DFI) pointed out the need to boost the confidence of foreign investors in the Nigerian...

Over 80% Of Top Insurers Take Business Offshore — NAICOM Over 80 percent of big ticket risks underwritten by Nigerian insurers are exported for offshore underwriting due to inadequate capacity. NAICOM According to the National Insurance Commission, NAICOM, the top players in Nigeria refuse to...

Businesses Spend N5trn Annually on Generators   Businesses in the country spend an estimated $14 billion (about N5 trillion) annually importing, fuelling and maintaining generators, the Executive Director, Rural Electrification Funds at the Rural Electrification Agency (REA), Mr Sanusi Ohiare has said. In his presentation on off...