CAC warns unregistered PoS operators as deadline expires

CAC warns unregistered PoS operators as deadline expires

The Corporate Affairs Commission has reminded Point of Sale operators across Nigeria that the deadline for business registration, initially announced on July 7, 2024, expired on September 5, 2024. In a statement released on Friday, the CAC expressed concerns over inadequate compliance with the directive, despite the large number of PoS operators in the country. However, CAC commended operators who have taken steps to formalize their businesses, praising their “positive […]

September 6, 2024 9

NEWS

NNPC set to hand over Warri, Kaduna refineries to private operators

The Nigerian National Petroleum Company Limited says it is seeking to engage reputable and credible Operations and Maintenance companies to operate and maintain the Warri Refining and Petrochemical Company and the Kaduna Refining and Petrochemical Company.

August 30, 2024 5

BUSINESS

BDC operators ask CBN to lower exchange rate

The Association of Bureaux De Change Operators of Nigeria has appealed to the Central Bank of Nigeria to adjust and lower its applicable exchange rate below the N1,251/$ it pegged for its members. ABCON National President, Aminu Gwadabe, stated this in a letter to the CBN Director, Trade & Exchange Department. The appeal comes when the parallel market rate of 1,235/$ is lower than the BDCs’ applicable buying exchange rate […]

April 8, 2024 22

BUSINESS

CBN resumes forex sale to BDC operators after three years

The Central Bank of Nigeria has announced its decision to sell foreign exchange worth $20,000 to each eligible Bureau De Change operator across the country. The development came three years after the former CBN governor, Godwin Emefiele, announced the suspension of foreign exchange sales to BDC operators. The apex bank disclosed this in a new circular issued and signed by the Director, Trade and Exchange Department, Hassan Mahmud, on Tuesday. […]

February 28, 2024 50

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