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Sun, Apr

Access bank launched a service that will enable the customer to transfer money from debit card to debit card without the stress of handling cash or complex bank shortcodes. The was launched on Friday by PaySend in its new partnership with Access Bank. “We are delighted to be expanding into Nigeria and to be working with Access Bank. To have reached over 60 countries in such a short time is excellent and we look forward to a long and fruitful partnership,” Ronald Millar, PaySend CEO, said in a statement.

Dr Audu Mohammed, the National Coordinator, National Malaria Elimination Programme (NMEP), has appealed to Nigerians to discourage anti-malarial treatment with a single medicine — monotherapy. He told newsmen in Abuja on Thursday night during a media chat on the fight against malaria that the Artemisinin based Combination Treatments (ACT) for the treatment of uncomplicated malaria remained efficacious.

The Securities and Exchange Commission (SEC) on Wednesday said that the sum of N17.09 million has been disbursed to 297 investors from its National Investor Protection Fund (NIPF). According to the report, a source close to the commission revealed this in an interview with reporters in Lagos. A breakdown of the compensation data obtained from the commission showed that the 297 investors were customers of the closed Mega Asset Managers Ltd.

The fiscal allocation to the 36 states by the Federal Account Allocation Committee (FACC) stood at N1,73 trillion in 2017. According to the National Bureau of Statistics (NBS) the total revenue available to the states in the year is put at N2.67 trillion. “Internally Generated Revenue (IGR) at State Level for 2017 report’’ published on the bureau’s website.

The Chairman of Airline Operators of Nigeria (AON), Capt. Nogie Meggison has said the ongoing audit of airlines by officials of the Nigerian Civil Aviation Authority (NCAA) was not aimed at victimizing any airline. Speaking to newsmen in Lagos on Tuesday, Meggison said the audit was aimed at enhancing safety in the aviation sector.

The Federal Government has said the recently introduced whistle-blowing policy by President Muhammadu Buhari’s administration has led to the recovery of about N9 billion.  The Minister of Finance, Mrs. Kemi Adeosun, who made the disclosure, said the money recovered from the whistleblowing policy was in the region of N7.8 billion, $378 million and £27, 800.

The Federal Government has said it would launch the Nigerian Economic Diplomacy Initiative April 5, 2018 to facilitate global market access for Nigerian products. The spokesperson of Ministry of Foreign Affairs, Dr Tope Elias-Fatile disclosed this on Wednesday while briefing newsmen in Abuja. He said the Ministry partnered Ministry of Industry, Trade and Investment to launch the initiative to contribute to the Economic Recovery and Growth Plans (ERPG) of the federal government.

Minister of Finance, Mrs. Kemi Adeosun has said President Muhammadu Buhari has invested over N2.5 trillion in infrastructure since he was sworn in as President in 2015. The Minister stated this to newsmen in Abuja when asked to state the significant change the current administration has made since coming into power in 2015. According to her

Oil marketers have commenced a reduction of their workforce due to the delay by the Federal Government to pay them their N650 billion, a development that has made it impossible for them to pay staff salaries. According to NAN, some of the marketers, who preferred anonymity, confirmed on Wednesday in Lagos that they resorted to adopt a massive sack of their workers as the Federal Government had yet to pay an outstanding debts owed them.

The Nigerian National Petroleum Corporation (NNPC) says it will not relent in its quest to get the nation’s four refineries back to their optimal capacity. The Group Managing Director of the corporation, Dr. Maikanti Baru who disclosed this in Lagos shortly after receiving this year’s Man of the Year Award from Nigerian News Direct, a Lagos-based daily publication also said the corportion had been holding far-reaching discussions with some consortia to get the best funding options towards the refineries’ overhaul.

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