Nigerians to pay more for PoS transactions – CBN new directive

The Central Bank of Nigeria, CBN, has reportedly directed all banks, processors and switches to start charging N50 Stamp Duty on individual transactions. The new CBN directive may see bank customers pay more for Point of Sale (PoS) transactions, according to a report filed by The Nation. The central bank announced the new directive via […]

Lagos open for foreign investment, Sanwo-Olu tells Dutch

Consul General of the Netherlands, Mr. Jan Van Weijen, on Monday, while on duty in Lagos paid a courtesy visit to the Governor of Lagos State, Babajide Sanwo-Olu. The visit was said to officially inform the Governor of the upcoming visit of the Netherlands Prime Minister in November for bilateral meeting. Van Weijen said it […]

Sanwo-Olu hails ECOWAS for promoting regional integration

Lagos State Governor Babajide Sanwo-Olu has hailed the Economic Community of West African States, ECOWAS, for promoting integration in the sub-region. The governor gave the commendation yesterday in a message he sent to a sensitisation workshop on the ECOWAS Trade Liberalisation Scheme, ETLS in Ikeja, the state capital. The message was read by his Special […]

Speaker Gbajabiamila advises regulatory of cryptocurrency in Nigeria

The Speaker of the House of Representatives, Femi Gbajabiamila, has called for proper regulatory to guide cryptocurrency in Nigeria. The Speaker advised this when management team of Nigeria Deposit Insurance Corporation (NDIC) visited his office. Agency’s spokesperson, Mr. Sunday Olufemi, said this in a statement today. “Entire world is exploring ways of mainstreaming cryptocurrencis into […]