The negative impact of corruption and multiple-taxation is not unrelated to the poor rating of activities in the nation’s ports.In the West Africa sub region, Nigeria is rated as the costliest place to clear cargoes.This could be associated with charges at every point of registration for port users; this definitely affects the price of consumable goods in the country.
Nigeria's apex regulatory organ of the capital market, the Nigerian Securities and Exchange Commission (SEC) this week is still debating cryptocurrency regulations with the Central Bank of Nigeria (CBN).The apex bank's recent directives rendered pre-existing SEC guidelines irrelevant - With a policy statement that operating in Nigeria's capital market without a bank account is largely impossible.
A central bank can also be called a reserve bank or a monetary authority and they are recognized around the world as an institution which manages monetary and currency policy of a formal monetary union.This bank also overseas the commercial banking system in a country.The difference between a central bank and other commercial banks is that the central bank from the name central, possesses the Monopoly on increasing monetary base.
The Economic and Financial Crimes Commission has taken to their verified Twitter page and replied a man who said that hustle also means fraud.It all started when EFCC advised the general public to hustle for their daily N2k and be proud of it.Immediately EFCC dropped the tweet, the man identified as Kola Oyekan took to the comment section and said, "The word hustle also means fraud, obtain illicitily or by forceful action.
The Inspector-General of Police, IGP, Usman Alkali Baba has requested police bosses to advance another technique policing methodologies and reactions towards handling security dangers.
For long, electricity overbilling issue in Nigeria has become a problem to many Nigerians. Many have complained of how Electricity Distribution Companies are over charging them for "light they didn't use". This complaints led to protests by electricity consumers in Rivers State on Wednesday as they matched down to the office of Port Harcourt Electricity Distribution Company, PHEDC asking them to pack out of the state, sake of estimated billing and over billing. But how can someone having this same issue resolve
The Deputy Governor of the Central Bank of China, Li Bo said the government has approved the usage of Bitcoin as an alternative investment currency. According to Mr Bo crypto assets such as Bitcoin should be used as investment tools or alternative investments. This is the first time that the Chinese government has recognized the asset value of cryptocurrencies. Wu Blockchain reports Li Bo said that crypto assets are an investment option. It is not a currency in itself, but an alternative investment product.
The maritime sector is faced with so many bottlenecks that as mar the ease of doing business leaving the industry to suffer and record huge economy loss. Some of these bottlenecks are either created by manmade or unrealistic policies given by Nigerian regulatory authorities. Some of such bottlenecks are; unstable and inaccessible forex, devaluation of the naira, excessive charges, container deposit and extortion at the nation’s ports. Looking at the unending challenges in the Nigeria ports, one could say
In every country of the world, road safety and traffic signs are something that the government or authority concerned don't joke with because it is a matter of life and death. In this article we shall be discussing the meaning of some road and traffic signs and their importance. There are hundreds of these road safety and traffic signs, Motorists and other road users are expected to be mindful of them anytime they are on the road driving or riding. From country to country, each of this signs are similar and
The Nigerian civil aviation authority has suspended a private helicopter belonging to pastor Enoch Adeboye of the Redeemed Christian Church of God (RCCG), from flying. Punch newspaper reported that the aircraft, AgustaWestland AW139 chopper, with registration number, 5N-EAA was suspended from flying over two weeks ago over expiration of some of its papers and spare part. Pastor Adeboye called for action against corrupt practices in Nigeria, during a meeting with ordained ministers of the mission at a church
Governor Seyi Makinde Gives A Public Lecture At The 50th Annual Accountants Conference Hosted By ICAN
The Governor of Oyo State in person of Engineer Oluseyi Abiodun Makinde was honoured to share his thoughts on the Topic: Achieving Sustainable Leadership Through E-government in the 4th industrial revolution at the 50th annual accountants conference hosted by Institute of Chartered Accountants of Nigeria (ICAN) Governor Oluseyi Abiodun Makinde who
It is a known fact that Nigeria imports lots of stuff from the the outside world. One of the major countries Nigeria import from is China. Major Imports from China include machinery, nuclear reactors, broilers, electrical electronic equipment and certain vehicles according to 'Trading Economics' . Lots of person have argued that one of major set back in the Nigerian economy is the excess imports by the Nigerian government. Meanwhile, I came across a tweet by the official handle of the Central Bank of Nigeria
The Republic of Turkey has placed a ban on all cryptocurrency payments, after evaluating the risks involved in using such payment methods, and the irreparable damages that could arise from transaction risks. In a statement published today, Friday 16th of April, the Central Bank of Turkey stated that all forms of cryptocurrency that are based on distributed ledger technology can no longer be used, for both direct and indirect payment or as a payment instrument. In the statement, the Central Bank of Turkey opined
After the UK's competition watchdog interfered for the second time, Facebook Inc suspended 16,000 groups from its sites for selling or purchasing fake product and service reviews, the regulator said.
Citizens register for COVID-19 vaccination at a makeshift hospital in Chongzhou District, Nantong, east China's Jiangsu Province, April 3.(Photo by Xu Congjun/People's Daily Online) By Shen Shaotie, People's Daily China has administered 139.97 million doses of COVID-19 vaccines by April 4, 2021, said the country's National Health Commission (NHC).
JUSUN Directs Members To Shutdown Courts Nationwide From Tuesday The Judiciary Staff Union of Nigeria (JUSUN) had directed its members across Nigeria to shut down courts nationwide beginning from Tuesday, following the inability of the government to implement Financial Autonomy for the Judiciary.
Seven people have been reportedly died from unusual blood clots after getting the Oxford-Astrazeneca Vaccine in the United Kingdom.According to BBC News, this was confirmed by the medicines regulator.
UK broadcasting regulatory authority, fines Loveworld Television Network €125,000).
Cardi B is a United states of America's rapper who promotes her music through sharing her attractive body. She recently reacted to the conviction of Akuapem Poloo a Ghanaian actress for taking nude pictures before her son. The actress took the naked pictures last year before her son to celebrate his 7 years old birthday. The photoshoot stirred many reactions in social media which made Ghanaian regulatory bodies to observe closely. She was later investigated and charged for child violence which made her to be
I acted on a whim to see if I can recharge through Unstructured Supplementary Service Data (USSD).Guess what!It went through.It has saved me from going to a distance of almost two poles away from my residence to buy recharge card.