Politics and Economy

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PwC: ‘Lack of Public Trust May Hamper New CAMA Law’

‘Lack of Public Trust May Hamper New CAMA Law’

By Emma Okonji and Peter Uzoho PwC Nigeria has highlighted the significance of the Companies and Allied Matters Act 2020 (CAMA 2020). While insisting that the new legislation will impact positively on small businesses, if well implemented. PwC however warned that lack of public trust in government over its intention to implement the new CAMA …

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Economy:UK issues new travel advice for foreign students, can work for 3 years after graduating

The UK in their latest travel advice has offered some flexibility into their rules for international students applying for study visa due to ongoing global restrictions as a result of the coronavirus pandemic. The Visa and Immigration office said that students who cannot travel to the UK due to restrictions can start their studies remotely …

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Economy: CBN instructs banks to blocks bank account of 38 companies for “forex abuse”

CBN instructs banks to blocks bank account of 38 companies for “forex abuse”

The CBN did not state why the accounts were flagged. Sources inform Nairametrics that it is due to suspicion of forex infractions. A memo circulating online (see below) indicates the central bank has instructed banks to Post-No-Debit on account of 38 companies. A Post-No-Debit (PND) is basically an instruction to banks not to allow any …

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ECONOMY: NNPC Upbeat Over Proposed $2.3bn Domestic Gas Market

NNPC Upbeat Over Proposed $2.3bn Domestic Gas Market

The Nigerian National Petroleum Corporation (NNPC) is optimistic about the future of a proposed $2.3billion domestic gas market as well as plans to rehabilitate the country’s refineries. NNPC Group General Manager, Corporate Planning and Strategy, Meyiwa Eyesan; stated this on Saturday at the First Akomeno Oteri Annual Lecture organised by the Nigeria Association of Petroleum …

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NNPC opens bid for repairs of pipelines and depots on a finance and operate basis

NNPC opens bid for repairs of pipelines and depots on a finance and operate basis

The Nigerian National Petroleum Corporation (NNPC) declared open on Tuesday, August 11. Bids by interested private investors to repair the pipelines and depots that are serving the refineries. These pipelines, built almost 4 decades ago, are very critical in the successful movement of crude oil to the country’s 3 refinery complexes located in Port Harcourt, …

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Economy: 34 Applicants Request for N90bn from CBN’s Healthcare Research Grant

The Central Bank of Nigeria has received over 34 applications requesting for a total of N90 billion out of CBN’s healthcare research grant. The Director, Development Finance, Mr. Yila Yusuf, while featuring on The Morning Show, a breakfast programme on ARISE NEWS Channel. Said about 90 per cent of the applications were from Nigerian universities. …

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