NIBSS asks banks to remove PSSPs, others from transfer list

The Nigeria Inter-Bank Settlement System has asked banks to delist Payment Solution Service Providers, Switches and Super Agents from its outward payment or transfer list. The NIBSS disclosed this in a recent circular dated December 5, 2023, with Ref: NIBSS/BD/NI/PO/005/051223 to banks. The country’s payment system explained that listing non-deposit-taking financial institutions as beneficiaries contravenes…

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HOW TO SELL YOUR PRODUCT AND MAKE PROFITABLE SALES BY ACTION

To sell your product and achieve profitable sales, consider implementing a comprehensive strategy that encompasses various aspects of marketing, customer engagement, and business operations. Here’s a structured guide: 1. Understand Your Product: – Clearly define the unique selling points of your product. – Identify your target audience and tailor your approach accordingly. 2. Market Research:…

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Insecurity: Katsina federal varsity abandons main campus

The Chancellor of the Federal University Dutsinma, Katsina State, King (Dr) Dandeson Douglas Jaja, has expressed concern over security challenges facing the institution. Speaking during the institution’s 7th and 8th joint convocation ceremony on Saturday, he revealed that the university’s main campus is located in a volatile area prone to kidnappings and bandit attacks. Jaja…

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Journalists must remain protected from Impunity – UNESCO

The United Nations Educational, Scientific and Cultural Organization (UNESCO) says the organization remains committed to addressing issues of harassment, violence, impunity and crimes against journalists. Between January 2019 and June 2022, the Organization had documented 759 individual attacks against journalists, including 5 killings, during 89 elections in 70 countries. Addressing African Journalists in Addis Ababa,…

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NES Boss Laments Vandalism, Oil Theft

President, Nigerian Economic Society {NES}, Professor Adeola Adenikinju, has lamented the low investments in the nation’s energy sector due to vandalism and oil theft. The expert in Petroleum Economics noted that this portends great danger for the economy of the country in the future. The professor of petroleum economics at the University of Ibadan lamented…

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Nigeria Institute of Vocational Studies underway- FG

Plans are on by the federal government to establish the Nigeria Institute of Vocational Studies alongside upgrading the infrastructure of secondary and tertiary vocation systems. Senior Special Assistant to the President on technical, vocational and entrepreneurial education, Abiola Arogundade, made this known at the unveiling ceremony of the House Committee on Federal Polytechnics and higher…

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NLC, TUC declare nationwide strike from Nov 14

The National Executive Council of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have declared a total nationwide strike effective next Tuesday, November 14. Also, the two unions said there will be “national action on Imo State” from Tuesday (Today) from Midnight. The leadership of the two unions reached the resolution after…

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NIPOST staff reject new appointed CEO

Workers of the Nigerian Postal Service (NIPOST) have shut down the head office of the service in Abuja, protesting the appointment of Tola Odeyemi as Chief Executive Officer/Postmaster-General. Ajuri Ngelale, a Presidential spokesman, announced last week that President Bola Tinubu changed the leadership of under the Ministry of Communications, Innovations and Digital Economy., including NIPOST….

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World Bank warns that high interest rates could put developing nations at risk

The World Bank’s chief economist warned Wednesday that interest rate hikes could spell trouble for countries struggling to deal with debt. The US Federal Reserve, the European Central Banks and others have raised rates and warned that they could remain high longer than expected in order to bring down elevated inflation. The InternationatoFund said Tuesday…

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Nigerian media regulator investigates DStv, GOtv for unfair pricing

The National Broadcasting Commission, NBC, has disclosed plans to investigate MultiChoice Nigeria over DStv, GOtv, and other digital satellite cables over alleged extortion of Nigerians. This was disclosed by NBC Director of Investigation and Enforcement, Uzoamaka Ogbalu, in response to a pre-action notice filed by activist lawyer Madubuachi Idam. NBC’s response dated 28 September 2023…

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Sam Bankman-Fried’s trial on fraud charges begins in New York, with much at stake

A federal court in Manhattan, in the United States will start hearing the case against the former cryptocurrency guru, Sam Bankman-Fried, with jury selection beginning on Tuesday. Bankman-Fried, who founded cryptocurrency exchange FTX and associated hedge fund Alameda Research, is facing trial on finance crimes stemming from the shocking collapse of FTX. The Guardian UK…

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Nigerian stock market investors lose N91bn in September as bearish trend persists

As trading ended in September, investors in Nigeria’s equities market recorded an N91 billion decline in the value of their investments as the market dropped by 0.25 percent following sessions of profit-taking after the August rally. According to available statistics in the Eight months before September, the market’s positive return stood lower at +29.52 percent….

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