Fed Govt Seeks To Manage N150bn Unclaimed Dividends         The federal government is proposing to take over the management of over N150 billion unclaimed dividends and unutilised bank balances. The proposal is contained in the 2020 Finance Bill, currently being considered by the National Assembly. Speaking at a...

CBN Rolls Out New Licence Regime For Payment Systems       In a bid to promote a strong and credible payment system in the country, the Central Bank of Nigeria, CBN, has approved new license categorization for payment systems in Nigeria. In a circular to all Payment Service...

International Human Rights Day: MAMA Centre Demands Adequate Protection For Marginalised Women, Girls     The Mothers And Marginalised Advocacy Centre (MAMA Centre) commemorates the International Human Rights Day 2020 themed “Recover Better - Stand Up for Human Rights”. While we demand equal opportunities for the vulnerable groups,...

Illegal Gold Mining: Senate Seeks Probe Of $9bn Annual Revenue Loss         The Senate on Wednesday urged the executive arm of government to investigate the alleged annual revenue loss of $9bn to illegal mining and smuggling of gold in Nigeria. The upper chamber urged the Federal Government...

Local Content Act: NCDMB Retains $6.4bn Of Industry Annual Spend         Notwithstanding the challenges in the global oil and gas industry, the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, has stated that the agency has retained the $6.4 billion of yearly spend...

NIMASA Denies Granting Waivers To Shipping Firms         The Nigerian Maritime Administration and Safety Agency has dismissed as false, allegations that it has been granting waivers to shipping firms. It also refuted allegations of preferential treatment of foreign shipping companies in the shipment of petroleum products. The Director-General,...