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Circulars

Circulars

From time to time, Circulars are released to make amendments to certain guidelines or rules or to set the tone for an upcoming rule. Stay up-to-date with Circulars from your respective regulators.

Recent Posts in Circulars

SON Launches PAM to Check Substandard Products

2017-12-15 3:45 PM | by Nigeria Compliancehub

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… Read more

Court asks CBN, banks to freeze accounts without BVN

2017-10-24 10:18 AM | by Nigeria Compliancehub

A Federal High Court in Abuja has ordered the Central Bank of Nigeria and the 19 commercial banks in the country to freeze any account without Bank Verification Number.

It also ordered them to disclose all accounts in their custody and the balances in such accounts, their owners and their proceeds… Read more

PenCom explains delay in gratuity payment

2017-10-24 10:05 AM | by Nigeria Compliancehub

Some retirees under the Contributory Pension Scheme (CPS) have yet to receive gratuity due to unfunded Defined Benefit Scheme (DBS) backlog owed by the Federal Government.

The Acting Director-General of the National Pension Commission (PenCom), Mrs Aisha Dahir-Umar, made this known in an interview with the News Agency of Nigeria (NAN)… Read more

NAICOM moves to enforce compulsory insurance of public buildings

2017-10-20 9:43 AM | by Nigeria Compliancehub

To drive the enforcement of the compulsory insurance of public buildings across the country, The National Insurance Commission (NAICOM)  in Abuja has inaugurated a technical committee.

The committee was inaugurated by NAICOM’s Commissioner for Insurance, Mr Mohammed Kari, and it has membership drawn from NAICOM, the Federal Fire Service (FFS) from… Read more

SEC orders suspension of Oando shares, audit of firm

2017-10-20 9:35 AM | by Nigeria Compliancehub

The Nigerian Stock Exchange, on Wednesday, suspended trading on the shares of Oando Plc as directed by the apex regulator, the Securities and Exchange Commission. SEC also said it planned further investigation and audit of the firm.

Some shareholders of Oando, in separate interviews, called for the suspension of the management… Read more

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