Day: May 8, 2024

CAC Gives PoS Operators 2 Months To Register Agents

The Corporate Affairs Commission (CAC) has given Nigeria’s 1.9 million PoS agents a deadline of two months to onboard and register its agents and merchants with the commission as part of plans to improve transparency and reduce fraud in the financial space. Daily Trust reports that CAC announcement is coming on the heels of the […]

Naira crashes against dollar at official market

The Naira on Tuesday crashed at the official market, trading at N1,416.57 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the Naira lost N62.36. This represents a 4.60 percent loss when compared to the previous trading date […]

Dangerous side effect: Widely used COVID-19 vaccine withdrawn by producer

The Oxford-AstraZeneca COVID-19 vaccine is being withdrawn worldwide due to concerns over a rare and dangerous side effect. This development came months after the pharmaceutical giant admitted for the first time in court documents that the vaccine can cause a rare and dangerous side effect, The Telegraph reports. The company disclosed this in a statement […]

Lagos earns N7trn annually from Agric —Commissioner

The Lagos State government has disclosed that agricultural sector contributes over N7 trillion annually to its Gross Domestic Product, GDP, due to its food sustainability and security system policy. The state Commissioner for Agriculture, Ms. Abisola Olusanya, made the disclosure, yesterday,  during a ministerial press briefing to mark the first year of the second term […]

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