Business

By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, has slammed a N10 million fine and withdrawal of cheques on commercial banks using unaccredited cheque printers/personaliser. The apex bank disclosed this in its revised sanctions regime on defaulters of the Nigeria Cheque Standard and Nigeria Cheque Printers’ Accreditation Scheme (NICPAS). Among other things, CBN said: […]

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By Udeme Akpan Electricity Distribution Companies, DisCos, have requested their corporate customers to provide identification details as part of conditions for electricity supply to them, citing the provisions of the new tax regime. Already, the Ikeja Electric Distribution Company (IKEDC) has written its corporate customers to provide these details on or before February 20 to avoid […]

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By Peter Egwuatu  The stock market sustained a positive trend Week on Week, W/W, as investors gained over N4.08 trillion in 5 trading days last week. Specifically, the Nigerian Exchange Limited, NGX, market capitalisation, which represents the total value of listed equities, rose to N110.234 trillion from N106.153 trillion in the penultimate week. Similarly, another stock […]

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