1. Cash shortage hits banks, customers rush for BVN/NIN revalidation
Huge crowd besieged banking halls on Monday, as customers moved to link their Bank Verification Numbers and National Identity Numbers to their bank accounts… Read more
Source: https://punchng.com/cash-shortage-hits-banks-customers-rush-for-bvn-nin-revalidation/
2. Ecovis Nigeria boss advocates more transparent GDP reporting
Managing Partner, Ecovis OUC Nigeria, a firm of chartered accountants, Mr Andrew Uviase, has called for a more transparent approach to Gross Domestic Product, GDP, reporting in the country… Read more
3. NCC, Customs plan anti-piracy strategy
The Nigerian Copyright Commission and the Nigeria Customs Service have agreed to strengthen their collaboration to develop new anti-piracy strategies to encourage creativity and boost the country’s creative economy… Read more
Source: https://punchng.com/ncc-customs-plan-anti-piracy-strategy/
4. Capital importation falls 73% to $230m
Capital imported into Nigeria fell month-on-month (MoM) by 73 percent to $230 million in July 2023 from $390 million in June 2023… Read more
Source: https://www.vanguardngr.com/2023/12/capital-importation-falls-73-to-230m/amp/
5. FG, Commonwealth meet on deep sea mining
The Minister of Solid Minerals Development, Dr. Oladele Alake, has led a high-level delegation to engage in talks with the Commonwealth Secretariat on matters of mineral development… Read more
Source: https://punchng.com/fg-commonwealth-meet-on-deep-sea-mining/
6. LPG: Nigeria expands investment in infrastructure – Report
Nigeria’s Liquefied Petroleum Gas, LPG sector has witnessed massive investment, targeted at putting in place new infrastructure to enhance the delivery and utilization of the product… Read more
Source: https://www.vanguardngr.com/2023/12/lpg-nigeria-expands-investment-in-infrastructure-report/amp/
7. CBN’s anti-money laundering fight triggers fresh BVN race in banks
To strengthen the battle against money laundering in Nigeria, the Central Bank has directed that all bank customers must link their Bank Verification Number (BVN) and/or National Identification Number (NIN) with their bank accounts before March 1, 2024… Read more
Source: https://punchng.com/cbns-anti-money-laundering-fight-triggers-fresh-bvn-race-in-banks/
8. Gas Flaring: Nigeria loses N702bn as oil firms flare 241m scf
DESPITE Nigeria’s dwindling revenue occasioned by massive oil theft, the country has continued to suffer loss from its gas, as companies operating in the country’s petroleum industry flared 241.1 million standard cubic feet, MSCF, of gas in the first 11 months (January – November) 2023, according to latest data from the National Oil Spill Detection and Response Agency, NOSDRA… Read more
9. Experts review Electricity Act, propose amendments at PwC roundtable
Experts have reviewed the provisions of Nigeria’s Electricity Act 2023 and called for the amendment to impact on power sector and Nigeria’s economy… Read more
10. ‘SMEs spend $14m on diesel yearly’
The Chief Executive Officer of Global Innovation Learning Lab, Agwu Amogu, has said that an African Development Bank report estimates that Small and Medium-scale Enterprises spend around $14m every year to purchase diesel for various business needs… Read more
Source: https://punchng.com/smes-spend-14m-on-diesel-yearly/
