Ghana’s President, Nana Akufo-Addo, says the inauguration of the Pan-African Payment and Settlement System (PAPSS) will accelerate transactions in Africa. Akufo-Addo, represented by the Vice President Dr Mahamudu Bawumia, spoke at the inauguration of PAPSS in Accra, Ghana, monitored virtually According to him, the ground-breaking platform will save Africa more than five billion dollars annually…
Trust Africa News, By Ayomide Otitoju With the launch of its ZenBook 14X OLED Space Edition, leading multinational computer and Electronics Company, ASUS, has reiterated its commitment to providing consumers with amazing gadgets. Revealed during a virtual launch event tagged “The Incredible Unfolds | CES 2022” which held recently, the ZenBook 14X OLED Space Edition…
The Nigeria Labour Congress (NLC) has asked the federal government to halt its plans to reintroduce excise tax on locally produced non-alcoholic and carbonated drinks. This is as the labour union has warned that the beverage sub-sector will be losing sales revenue of about N1.9 trillion as well as Company Income Tax, VAT and Tertiary…
BUA Foods, a part of the BUA Group family has seen its market capitalization balloon to N957.6 billion just one day after listing on the Nigerian Stock Exchange. The company was listed on the Nigerian Exchange on Wednesday, January 5th, 2021, listing 18 billion shares at a share price of N40 per share. However, in…
The market capitalization of the top five banks, referred to as the Tier-1 banks or FUGAZ, increased to N2.59 trillion as at close of business, 7th of January, 2022, as investors in these banks gained a total of N23.51 billion during the trading week. After 4 trading days of the week, 3 of the 5…
The Nigeria Railway Corporation (NRC), says it plans to resume sales of tickets for travelers, following the expiration of the Federal Government free train ride on Jan. 4. Mr Fidet Okhiria, Managing Director, NRC said this when he spoke with the News Agency of Nigeria (NAN) on Tuesday in Abuja.Okhiria said that the sales of…
The Federal Government has further extended the deadline for the National Identification Number (NIN)-Subscriber Identity Module (SIM) data verification to the 31st of March, 2022. Minister of Communications and Digital Economy, Prof. Isa Pantami, in a statement, added that there has been a significant growth in the number of National Identity Number (NIN) enrolments and…
it is no longer news that oil price shocks have negatively impacted the country’s revenue over the years. The dwindling revenue from oil was compounded by the coronavirus pandemic, hence the managers of the economy had to creatively think of how to boost the country’s revenue for growth and development. The federal government soon realised…
TAJBank Nigeria Limited, a leading Nigerian non-interest banking services provider, has received three International Standards Organisation (ISO) certifications for its commitment to customer safety assurance, service excellence and business operations resilience. The bank’s Founder and Managing Director, Mr Hamid Joda said in a statement on Tuesday. Joda said that the recognition, by Certification Partner Global…
