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…

National Insurance Commission (NAICOM)

The National Insurance Commission was established in 1997 with the responsibility of regulating and supervising insurance business in Nigeria. It replaced the previous regulatory organ – the Nigerian Insurance Supervisory Board. Prior to 1992, the Federal Ministry of Finance licensed and supervised insurance companies.

Nigerian Investment Promotion Commission (NIPC)

Nigerian Investment Promotion Commission (NIPC) provides services for grant of business entry permits, licenses, authorization and incentives in a one-stop shop environment.

NIPC's One Stop Investment Centre offers general information and data on the Nigerian economy to facilitate informed investment decisions, facilitate post entry approvals, licenses and sector-specific permits with…

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…

Healthcare

This sector is composed of companies that manufacture healthcare equipment and supplies, and provide healthcare-related services. This sector also includes distributors of products and providers (owners and operators) of healthcare facilities and organizations. Also included in this sector are the companies involved in the research, development, production and marketing of…

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