The Development Bank of Nigeria will, on July 4, 2023, hold its techpreneur 2023 summit, themed, ‘Promoting Innovation and Sustainable Partnerships’.upskill tech startups with knowledge on how to access reliable credit, efficiently utilise funds, and improve their business structures to ensure attractiveness to the market.
The apex bank said due to the risks associated with contactless payments, “verification and authorisation would be required for transactions above the limits”.The Nigeria Customs Service has extended the ongoing foreign exchange reforms to the maritime sector by implementing a 40 percent increase in the exchange rate used for calculating import duty.
This policy is likely to affect port activities as clearing agents, freight forwarders, and importers are among the stakeholders who may be affected by this change.The Nigeria Data Protection Commission says the recent policy by the central bank directing commercial banks to collect the social media handles of their customers “is not necessary”.social media accounts as part of their know-your-customer procedures for permanent or occasional clients.