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Category: Regulatory

Leadership change in NAFDAC, with Adeyeye’s tenure expiration; Eimunjeze in acting capacity

It reads in part: “The management is in receipt of a letter appointing Dr Monica Eimunjeze as the Acting Director General NAFDAC with effect from 12th November, 2022.

Henceforth, IOC polluters will pay – Nigerian Environment Minister

“Government is set to institute an environmental task force, especially on oil pollution, and will monitor, track, evaluate and sanction these erring companies and their local collaborators.

Amid rising subnational debt stock, Rivers takes the lead in fiscal transparency

“Index A examines states’ ability to meet Operating Expenses (Recurrent Expenditure) with only their Internally Generated Revenue; Index A1 looks at the percentage year-on-year growth of each state’s Internally Generated Revenue.

Disturbed by fintech disruptions, Nigeria’s regulators resort to stringent regulations

However, in an apparent response to the concern raised by Emefiele, the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has challenged the financial sector regulators including the CBN and the Nigeria Deposit Insurance Corporation (NDIC) to sharpen their regulatory tool kits to enable them respond to any potential financial crisis arising from the activities of fintechs, among others.

Advertising Regulatory Council sues Facebook, Meta; seeks N30bn penalty

According to ARCON, the Council is not regulating the online media space. Rather, it’s focus is on advertising and marketing communications on the online platforms in line with its establishment Act.

Boeing in a $200-million-settlement for misleading public on 737 Max

“Today’s settlement is part of the company’s broader effort to responsibly resolve outstanding legal matters related to the 737 MAX accidents in a manner that serves the best interests of our shareholders, employees, and other stakeholders,” Boeing said.

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