1. Forex crises, high import duty depress vehicle, other imports
Amidst sustained depreciation of the Naira, Niger- ia’s motor vehicle imports recorded a massive 32 per cent decline in 2023 with total imports through the Nigerian ports at 132,293 units, from 194,550 recorded in 2022.. Read more
Source: https://www.vanguardngr.com/2024/01/forex-crises-high-import-duty-depress-vehicle-other-imports/amp/
2. Claim of N3m advert vetting fee false —ARCON
The Advertising Regulatory Council of Nigeria, ARCON, has debunked a claim that it was charging N3 million as advert vetting fee… Read more
Source: https://www.vanguardngr.com/2024/01/claim-of-n3mn-advert-vetting-fee-false-arcon/amp/
3. Why OPay will remove accounts without BVN, NIN
Leading the charge in mobile-based payments, OPay has pledged to implement a thorough removal process for accounts lacking a Bank Verification Number (BVN) and/or National Identification Number (NIN) starting March 1, 2024… Read more
Source: https://www.vanguardngr.com/2024/01/why-opay-will-remove-accounts-without-bvn-nin/amp/
4. Power generation crashes to 3,383MW despite hike in tariff
The recent increase in electricity tariff by the Nigerian Electricity Regulatory Commission, NERC, has failed to translate to improvement in power supply as on-grid generation fell to 3,383 Mega Watts as at 3pm yesterday… Read more
Source: https://www.vanguardngr.com/2024/01/power-generation-crashes-to-3383mw-despite-hike-in-tariff/amp/
5. Lagos commences enforcement exercise on tax defaulters
The Lagos State Internal Revenue Service (LIRS) said it has embarked on enforcement exercise against tax defaulters in the state, with bench warrants already issued and executed against principal officers of some organizations… Read more
Source: https://www.vanguardngr.com/2024/01/lagos-commences-enforcement-exercise-on-tax-defaulters/amp/
6. Naira: Manufacturers plan general price hike
Manufacturers have predicted fresh hikes in the prices of commodities in the market to rise in response to the continued fall of the naira against the United States dollar… Read more
Source: https://punchng.com/naira-manufacturers-plan-general-price-hike/?amp
7. Optiva Capital disagrees with NiDCOM over investment scheme
Optiva Capital Partners Limited has disagreed with the Nigerians in Diaspora Commission over the latter’s advisory to Nigerians in Diaspora on the company’s investment initiative… Read more
Source: https://punchng.com/optiva-capital-disagrees-with-nidcom-over-investment-scheme/?amp
8. Lottery agency recommits to poverty reduction
The Executive Secretary of the National Lottery Trust Fund, Dr Bello Maigari, has expressed the agency’s commitment to poverty reduction in the country… Read more
Source: https://punchng.com/lottery-agency-recommits-to-poverty-reduction/?amp
9. Traditional rulers will aid anti-graft war – ICAN
The Institute of Chartered Accountants of Nigeria has said that traditional rulers are essential to the anticorruption fight in the country… Read more
Source: https://punchng.com/traditional-rulers-will-aid-anti-graft-war-ican/?amp
10. Poor regulation fuelling land scams, say estate agents
The Association of Estate Agents in Nigeria has blamed poor regulation for the incessant rise in land scams in the country… Read more
Source: https://punchng.com/poor-regulation-fuelling-land-scams-say-estate-agents/?amp
