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Musibau Olasunkanmi Appointed New ICAN Registrar/CEO

Dr. Musibau Olasunkanmi has been appointed as the new Registrar/Chief Executive of the Institute of Chartered Accountants of Nigeria (ICAN). The announcement of his appointment was made on Friday following approval by the Governing Council during its meeting on December 15, 2023. According to a statement from ICAN, Olasunkanmi’s appointment reflects a strategic decision aimed…

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By-Elections, Re-runs Happening in 26 States Today

Today, the Independent National Electoral Commission (INEC) is overseeing by-elections and re-runs in 26 states across Nigeria. These electoral activities span 80 Local Government Areas, encompassing 575 registration areas and 8,934 polling units. The participating states are Ebonyi, Yobe, Kebbi, Lagos, Ondo, Taraba, Benue, Borno, Kaduna, Plateau, Akwa Ibom, Anambra, Cross River, Delta, Enugu, Jigawa,…

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CBN Bans Banks, Fintechs from International Money Transfer Services, Jerks Up Application Fee by 1,900%

The Central Bank of Nigeria (CBN) has issued a prohibition on banks and financial technology companies (fintechs) offering international money transfer services. This notice is outlined in the updated guidelines for the operations of International Money Transfer Operators (IMTOs), which were formally published on January 31, 2024. The document read: “All banks are prohibited from operating…

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