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The Central Bank of Nigeria (CBN) has revised timelines for reversals and/or resolution of refund complaints on electronic channels with effect from June 8, 2020. According to a statement issued in Abuja, the apex bank stated that with regards to failed “On-Us” ATM transactions (when customers use their cards on their bank’s ATMs) shall be […]

NIGERIANS WILL PAY A HIGHER TARIFF FOR ELECTRICITY IN 2021, GOING BY PROMISES MADE BY THE FEDERAL GOVERNMENT TO THE INTERNATIONAL MONETARY FUND WHILE SEEKING THE $3.4BILLION EMERGENCY FINANCIAL ASSISTANCE RECENTLY APPROVED FOR NIGERIA. THE EXECUTIVE BOARD OF THE IMF APPROVED THE RAPID FINANCING INSTRUMENT, WHICH THE FEDERAL GOVERNMENT PLANS TO USE TO ADDRESS THE […]

THE PETROLEUM AND NATURAL GAS SENIOR STAFF ASSOCIATION OF NIGERIA (PENGSSAN) HAS ASKED ITS MEMBERS TO SHUT OPERATIONS AND ALL ACTIVITIES AT THE NATION’S OIL RIGS AND EXPORT TERMINALS FROM MIDNIGHT. IT ALSO ORDERED ITS MEMBERS TO WITHDRAW ALL FORMS OF SERVICES RELATING TO CRUDE OIL PRODUCTION, REFINING, DISTRIBUTION AND SUPPLIES. ACCORDING TO THE ASSOCIATION, […]


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