November 11, 2016/WorldStage As the Nigerian economy slipped into a recession in the second quarter of 2016 with a decline in Gross Domestic Product (GDP) by -2.06%, the stage is sets for the WorldStage Economic Summit (WES) 2016 (www.worldstagegroup.com/wes) on Wednesday, November 16 at the Lagoon Restaurant, Victoria Island, Lagos […]
Updates
South Africa’s Eskom CEO to resign after anti-graft watchdog report
November 11, 2016/Reuters South African power utility Eskom Chief Executive Brian Molefe said on Friday he would step down in January, a week after he was implicated in a report by the anti-graft watchdog on allegations of influence peddling. Molefe said although he was stepping down, this was not an […]
CBN Says Interchange Fee to Replace Merchant Service Charge Effective May 01, 2017
November 11, 2016/CBN With the introduction of the Cash-Less Nigeria Project and the release of the Guidelines on PoS Card Acceptance Services, the CBN outlined the Merchant Services Charge (MSC) and the modalities for its operation in the payments system. This hard enhanced the issuance and utilization of cards transaction […]
