Category: Business

NCC, FCCPC sign MoU to Boost Consumer Protection, Fair Competition

Lukman Laleye Babalola

In a significant move to enhance consumer protection and ensure fair competition within Nigeria’s rapidly evolving telecommunications sector, the Nigerian Communications Commission (NCC) has formally signed a Memorandum of Understanding (MoU) with the Federal Competition and Consumer Protection Commission (FCCPC) on January 14, 2025.   The agreement, executed in Abuja, underscored the NCC’s commitment to fostering a transparent, competitive, and consumer-focused telecommunications industry.   In his speech,Dr. Aminu Maida, the Executive Vice Chairman of NCC, described the MoU as a long-awaited and pivotal milestone in the collaboration between both regulatory…

FG to Blacklist 18 Banks Over N200 Billion USSD Debt

Emporium Reporters

By Ibrahim I. Newton   The Federal Government is poised to blacklist 18 banks for failing to settle nearly N200 billion owed to Nigerian telecom operators for Unstructured Supplementary Service Data (USSD) services. The move, expected to be announced tomorrow, follows years of unresolved debt that has strained relations between the banking and telecommunications sectors.   In December 2024, the Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) issued a final directive to Deposit Money Banks (DMBs) and Mobile Network Operators (MNOs) to resolve the N250 billion…

CAC Registrar-General briefs Minister of Industry on milestone achievements, receives commendation

Lukman Laleye Babalola

The Registrar-General and CEO of the Corporate Affairs Commission (CAC), Hussaini Ishaq Magaji, presented a comprehensive briefing to the Minister of Industry, Trade, and Investment, Dr. Olajumoke Oduwole, highlighted the Commission’s significant achievements under his leadership.   During the briefing themed “Building a Customer-Centric Registry of the 21st Century,” Magaji detailed various initiatives that have enhanced industrial harmony and improved career progression within the agency. He reported the amicable resolution of several cases at the National Industrial Court, with appropriate compensation paid where necessary, and the successful completion of promotion…

NCC, CBN set July 2025 Deadline for Banks, MNOs to resolve ₦250Bn USSD Debt

Emporium Reporters

The Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) have issued a deadline of July 5, 2025, for Deposit Money Banks (DMBs) and Mobile Network Operators (MNOs) to settle the ₦250 billion Unstructured Supplementary Service Data (USSD) debt.   In a joint circular titled, “2nd Joint Circular of the Central Bank of Nigeria and the Nigerian Communications Commission on the Resolution of the USSD Debt Issue Between Deposit Money Banks and Mobile Network Operators,” both regulators outlined measures to resolve the protracted dispute between the financial and…

Newly promoted staff pay solidarity visit to CAC Registrar-General

Lukman Laleye Babalola

A delegation of jubilant staff of the Corporate Affairs Commission (CAC), recently promoted to various ranks, paid a solidarity visit to the Registrar-General/CEO, Hussaini Ishaq Magaji, expressed appreciation for the milestone. The team, comprised newly promoted Deputy Directors, Assistant Directors, and other cadres, was warmly received by the Registrar-General at the Commission’s headquarters. In his address, Magaji commended the hard work, dedication, and professionalism of the staff, which he described as instrumental to the Commission’s success. He assured them of his unwavering commitment to enhancing their welfare and professional growth.…

CAC receives SERVICOM Award for Excellence in Customer Service Delivery

Lukman Laleye Babalola

The Corporate Affairs Commission (CAC) has been honored with the Award of Excellence as the 2024 2nd Best Performing Public Service Unit (PSU, Team A) by the SERVICOM Office. This prestigious award recognized the Commission’s continued dedication to delivering outstanding customer service through its SERVICOM Unit.   The SERVICOM Office commended the CAC for its sustained efforts to improve citizen-focused service delivery, urging the Commission to maintain its high service standards for all Nigerians in support of good governance.   The award was presented to the CAC during the 2024…

CAC promotes 250 Staff ,reinforces commitment to Career Growth

Lukman Laleye Babalola

The Corporate Affairs Commission (CAC) has promoted 250 staff members to various ranks across its offices nationwide, underscoring its commitment to staff career progression and organizational growth.   The promotions followed the successful conduct of the 2023 promotion examinations held on 16th November, 2024, at designated centres in Abuja and Lagos.   In a ceremony held today, the Registrar-General/CEO of the CAC, Hussaini Ishaq Magaji, presented promotion letters to four newly elevated directors. Congratulating the successful staff, Magaji urged them to remain dedicated to their roles and contribute to the…

BOI: Group commends Olusi over Economy Policies delivery

Emporium Reporters

Civil Society Groups for Economic Recovery (CSGER), a coalition of over 76 civil society organizations, has commended the management of the Bank of Industry (BOI), led by Dr. Olasupo Olusi, for driving various sustainable economic initiatives for improved service delivery to Nigerians. . In a communique issued and signed in Abuja after it’s annual Board meeting and review of economic recovery initiatives of BOI, the National Coordinator, Comrade Matekai Lawrence, applauded Dr. Olusi’s approaches which he described as impactful and revolutionary. According to Matekai, the BOI has demonstrated high level…

CAC, House of Representatives collaborate to strengthen CSR Compliance in Nigeria

Lukman Laleye Babalola

The Corporate Affairs Commission (CAC) and the House of Representatives have partnered to improve the implementation of Corporate Social Responsibility (CSR) practices across Nigeria. Their collaboration focused on enhancing transparency, accountability, and encouraged businesses to disclose their CSR activities and performance.   This resolution was reached during a meeting in Abuja between the Chairman of the House of Representatives Committee on CSR, Hon. Prof. Oby Lilian Orogbu, and the Registrar-General/CEO of CAC, Hussaini Ishaq Magaji. The meeting marked a significant step toward fostering a more responsible and transparent business environment.…

Makems Jewellery dazzles Abuja at 2024 Exhibition, supports FG’s push for Local Content

Lukman Laleye Babalola

Makems Jewellery, an Abuja-based rising star in the jewellery industry, lit up the Capital city with its highly-anticipated 2024 Jewellery Exhibition. Held on December 7 at the Glowing Ages Academy in Kaura District.The event drew fashion enthusiasts and potential clients eager to explore a stunning array of locally-crafted and imported jewellery pieces. The showcase, blending contemporary and vintage designs, highlighted Makems’ commitment to promoting the Federal Government’s local content policy. Attendees marveled at the unique handmade jewellery collections, including necklaces, bangles, earrings, and bracelets tailored to suit every style. Miss…