Nigeria Compliance

...the investment we put into GRC management may be substantial. But the savings that result from it today ensures that over long run, we save and earn more.

- Abiola Fajimi - CEO/Partner PML Advisory Ltd.

Most Recent

CBN revokes Skye Bank’s operating licence, renames it Polaris Bank

The Central Bank of Nigeria on Friday revoked the operating licence of Skye Bank Plc. Governor of Central Bank, Godwin Emefiele, made the announcement at a press…

PenCom releases N86.7bn to over 275,000 sacked workers

The National Pension Commission said it had released N86.7 billion to sacked workers of various companies who participated in the Contributory Pension Scheme. Acting Director-General, PenCom,…

Automation of the withholding tax system

Federal Inland Revenue Service (FIRS) in its bid to extend the Integrated Tax Administration System (ITAS) initiative to all of its processes, recently indicated its intention to fully automate the…

SON Launches PAM to Check Substandard Products

Posted 2017-12-15 3:45 PM

The Director-General of the Standards Organisation of Nigeria (SON), Osita Aboloma, has said that the agency’s newly introduced Product Authentication Mark (PAM) will raise the patronage of made-in-Nigeria products and boost the country’s economic diversification drive from oil to non-oil sector and check substandard products.

The PAM is a mark of…

CURRENCY OFFENCES ACT

Posted 2017-10-25 11:02 AM

An Act to prohibit certain acts tending to depreciate currency.

CBN revokes Skye Bank’s operating licence, renames it Polaris Bank

Posted 2018-09-22 4:56 AM

The Central Bank of Nigeria on Friday revoked the operating licence of Skye Bank Plc. Governor of Central Bank, Godwin Emefiele, made the announcement at a press briefing in Lagos. He also said a bridge bank known as Polaris Bank had been created to assume the…

PenCom releases N86.7bn to over 275,000 sacked workers

Posted 2018-09-18 11:19 AM

The National Pension Commission said it had released N86.7 billion to sacked workers of various companies who participated in the Contributory Pension Scheme. Acting Director-General, PenCom, Mrs Aisha Dahir-Umar, who disclosed this on Monday in Lagos, said the amount was for the settlement of 275,172 disengaged…

Industrial Training Fund (ITF)

Established in 1971, the Industrial Training Fund (ITF) has operated consistently and painstakingly within the context of its enabling laws Decree 47 of 1971, as Amended in the 2011 Industrial Training Fund (ITF) ACT.

The objective for which the Fund was established has been pursued vigorously and efficaciously. In the…

Nigeria Social Insurance Trust Fund (NSITF)

The Nigeria Social Insurance Trust Fund (NSITF) was established by Act No. 73 of 1993 to succeed the defunct National Provident Fund with mandate to provide a Social Insurance Scheme for employees in the Organized Private Sector.

Industrial Goods

This sector is composed of companies primarily involved in the manufacture and distribution of capital goods, including aerospace and defense, engineering and building products, electrical equipment, industrial machinery, and packaging products for industrial and consumer products. Their businesses are dominated by the production of goods for commercial use.

Financial Services

This sector includes companies engaged in the provision of financial services, in investing money in predominantly financial assets, in providing services to lenders, borrowers and investors, and in providing insurance coverage of all types. They are primarily engaged in financial transactions and/or in facilitating financial transactions. Companies represented…

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