Central Bank of Nigeria has said it will restore fees on National Collateral Registry platform with effect from November 1. It said this in a circular signed by the Director, Financial Policy and Regulation Department, Mr Kelvin Amugo, titled, ‘Restoration of fees on the National Collateral Registry platform’, to all banks, other financial institutions and stakeholders in the financial service industry. Part of the circular read, “The regulation on registration of security interests in movable property by banks and other financial institutions in Nigeria enabled the establishment of NCR, which commenced operations in May 2016. “This regulation was accorded legal…

Chief Operating Officer (C00) of Ibadan Electricity Distribution Company, Mr. John Ayodele, has said electricuty distribution companies in the country would be happy to hands-off anytime should the Federal Government be willing to refund the money paid during the privatisation. He said distribution companies have recorded N27 billion market shortfall in 2020 alone, stating that until the imbalance in the power sector is rectified, no progress would be recorded in the sector. Ayodele who spoke with journalists at the weekend at the headquarters of the company in Ibadan, Oyo State capital, said since the privatisation of the power sector in…

A new study finds some of the worst questions people get asked in interviews. When you're recruiting new talent, you want to make sure that you find the right person for the job. A good interview will help you get to know a candidate better, but be careful that the questions you ask don't act as a deterrent. A poorly-judged question might actually frustrate, irritate, or even offend a prospective employee. A new study by Resume.io surveyed 2,000 Americans to find out about the worst questions people get asked in interviews. The results showed questions ranging from the uncomfortable to…

After nearly a decade in the works, Uganda, Tanzania, and Rwanda are speeding up plans to merge their stock markets electronically in a bid to ease the cost and time difficulties of cross-border trading. When completed, local investors will be able to buy and sell stocks across those three countries without the currently existing hurdles, such as needing different stockbrokers in each country. The joint stock market project, which is funded by the World Bank, is expected to become operational by the end of the year. The move will see the three countries create a stock exchange with a combined…