CBN Gives 15 Microfinance Banks New Licences
No fewer than 15 microfinance banks commenced operations in the country after getting new licences from the banking regulator between February 13, 2019 and December 2019, findings have revealed.
The Central Bank of Nigeria had earlier disclosed that the...
DPR To Oil Marketers: Curb Accidents Or Lose Licences
The Department of Petroleum Resources has said fuel marketers and gas plant owners who fail to meet the minimum safety training requirements will lose their licences starting from September.
The Director/Chief Executive Officer, DPR, Mr Sarki Auwalu,...
FG May Revoke Abuja, Seven Discos’ Licences
The Federal Government may cancel the licences of eight power distribution companies as the Discos breached some provisions of the Electric Power Sector Reform Act in July 2019.
According to the Nigerian Electricity Regulatory Commission, the eight power firms...
NCC Says "Infracos May Lose Licences Over Slow Rollout"
The Executive Vice- Chairman of the Nigerian Communications Commission, Prof Umar Danbatta, has warned infrastructure service providers that failure to rollout broadband infrastructure within six months will lead to withdrawal of their licences.
Speaking on the sidelines...
NERC Issues Licences For Additional 1,839.5MW
The Nigerian Electricity Regulatory Commission has issued six new licences, renewed three and extended one licence for investors planning to increase Nigeria’s electricity generation by about 1,839.5mw
The licences were issued in the first quarter of 2018 as NERC noted...
CBN Revokes Nine Micro-finance Banks’ Licences In Niger
The National Association of Micro Finance Banks on Monday said that nine out of the 34 micro finance banks in Niger State have lost their operational banking licences.
North Central Secretary of the association, Mr. Sado Daniel, made...
