•Private jet The Nigerian Civil Aviation Authority (NCAA) has suspended the permit of three private jet operators for engaging in commercial flights. The Acting Director General of the NCAA, Chris Najomo, announced the suspension of the three private operators in a riot act read to all airlines today, reports Channels TV. The NCAA boss said [&...
The Inspector-General of Police, Kayode Egbetokun, has ordered stoppage of Point-of-Sales (PoS) machines and other electronic mobile money transaction devices within police stations and other police facilities nationwide. Egbetokun said the ban became imperative following public outcry on alleged illegal and illicit transactions of PoS machine...
•CBN Governor Cardoso The Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureaux De Change Operators, accusing the affected institutions of failing to observe regulatory provisions. This was disclosed in a statement yesterday by the bank’s Acting Director, Corporate Communications, Sidi Ali Hakama. According to the apex bank, ...
The Central Bank of Nigeria (CBN) has released a list of eligible Bureaux De Change (BDCs) operators. The CBN said all eligible BDCs must adhere to strict guidelines regarding the sale of foreign exchange to end-users, reports The Nation. Currently, the number of BDCs stands at 5,690, according to data from the CBN. It directed […]
Hotel managers have said that double taxation and arbitrary implementation of it has made the operation of the business difficult in Nigeria. Speaking to newsmen at the weekend, the Deputy Director, Commercial and Special Duties of BON International West Africa, Mrs Sandra Ogbahon said that double taxation has crippled hotel business in Nigeri...
•Forex Bureau De Change operators have announced shut down of operations in Abuja as a result of unavailability of dollars. This was announced by the association’s Chairman, Abdulahi Dauran, yesterday, reports Daily Trust. The naira closed at an all-time low of N1,482 against the United States dollar on the official window on Tuesday while on ...
•Port Harcourt Refinery As the Port Harcourt oil Refinery comes to life, the Nigerian National Petroleum Company Limited has concluded plans to hand over the government refinery to private operators. The NNPCL said it is seeking to engage reputable and credible operations and maintenance companies to operate and maintain the Port Harcourt Refi...
•CBN Governor Yemi Cardoso Cash withdrawals will not be possible from accounts opened for virtual and digital assets transactions, the Central of Nigeria has disclosed. Withdrawals from these accounts will only be possible by transfer or through a manager’s cheque, the apex bank explained. It revealed this in a new ‘Guidelines on Operations of...
Determined to ensure recovery of unremitted funds at Warri Port, the recently contracted pilotage firm by the federal government, Escravos Ship Pilot Nigeria Limited (ESPNL), has decried sharp practices carried out in collusion with operators of oil service boat operators, denying Nigerian Ports Authority (NPA), millions of naira in revenue. T...