SON Launches PAM to Check Substandard Products
CURRENCY OFFENCES ACT
An Act to prohibit certain acts tending to depreciate currency.
News and Resources
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 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
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…
Regulators
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.
Federal Aviation Authority of Nigeria (FAAN)
The Nigerian Airports Authority (NAA) which later became Federal Airports Authority of Nigeria (FAAN) was set up by the Nigerian government by Decree 45 of 1976, to oversee the operations and maintenance of all Federal airports.