News reports say 9PSB, a Payment Service Bank (PSB) recently granted license to operate has commenced operations. Speaking at the launch, the Chief Executive Officer, 9PSP, Branka Mracajac noted that the 9PSB will aid the CBN's financial inclusion goal.
The Monetary Policy Committee (MPC) met on the 23rd and 24th of November, 2020 amidst the announcement of the discovery of several high efficacy COVID-19 vaccines, resulting in stronger optimism for improvement in global output. However, persisting weakness in crude oil prices, soaring global debt and high unemployment persist.
The Nigeria Immigration Service (NIS) has announced the commencement of the implementation of the New Visa Policy (NVP) 2020 and new visa fees with effect from 1 October 2020 sequel to the approval of the Honourable Minister of Interior, Ogbeni Rauf Aregbesola.
Running a business is an unending marathon. It often requires adopting tested, adaptable strategies to survive the strange spells that kill 65 per cent of all businesses which fail in the first 10 years, going by data provided by the United States Bureau of Labour Statistics.
On market development, regulation and investors protection, the Securities and Exchange Commission has announced that it shall henceforth discontinue the practice of issuing prior approval or no objection for Audited Accounts of Collective Investment Schemes.