President Muhammadu Buhari has re-appointed Mr. Olusegun Awolowo as the Executive Director/Chief Executive Officer of the Nigerian Export Promotion Council for another four-year term. The Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, disclosed this in a statement on Wednesday. Adesina said the Secretary to the Government of the Federation, Mr. […]

49% report their company suffering fraud in last two years, up from 36% in 2016   The majority of external perpetrators (responsible for 40% of fraud) are “frenemies” of the organisation – agents, shared service providers, vendors and customers    41% have spent at least twice as much as they lost to cybercrime, on investigations […]

Losses at the close of trading on the floor of the Nigerian Stock Exchange, on Tuesday, were driven majorly by sell-offs in Dangote Cement Plc, Zenith Bank Plc and International Breweries Plc. The NSE All-Share Index slid by 0.7 per cent to 42,299.56 from 42,579.48 basis points while year-to-date return contracted to 10.6 per cent. […]

The Central Bank of Nigeria, in a bid to address the acute shortage of lower denomination currencies, on Tuesday commenced an exercise aimed at flooding the market with N100, N50, N20, N10 and N5 notes. The apex bank, however, warned against hoarding and cloning of the lower currency notes, stating that anyone caught would face […]

The Nigerian Communications Commission on Tuesday announced a number sanctions to some operators in the telecommunications industry for their involvement in masking of international calls. Masking involves concealing international calls coming into a country and presenting them as local in order to make profits from the difference in prices between local and international calls. The […]

The Federal Government on Tuesday launched the first edition of the Nigeria Annual Trade Policy Report, which was put together by the Nigerian Office for Trade Negotiations The document was presented to the public by the Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah. The report identifies the priorities in Nigeria’s trade policy and […]

The Fiscal Responsibility Commission on Tuesday questioned officials of the Nigeria Immigration Service for failure to produce audited accounts since it was included among agencies expected to pay operating surpluses into the Consolidated Revenue Fund in 2013. At a meeting between the FRC and a team of NIS officials led by Deputy Comptroller General, Finance […]