POS AGENTS FROWN AT CAC'S REGISTRATION MANDATE, SAYS CUSTOMERS WILL PAY MORE. (PHOTO).

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 PoS agents frown at CAC’s registration mandate, says customers will pay more Some Point of Sale (PoS) agents in the FCT, have frowned at the new directive of the Corporate Affairs Commission (CAC) for them to register with the commission. The News Agency of Nigeria (NAN) reports that CAC had on Monday issued a two-month registration deadline to PoS operators to register their agents, merchants, and individuals with the commission in line with legal requirements and the directives of the Central Bank of Nigeria (CBN). The agents, who spoke to NAN in Abuja on Wednesday, said the registration which would require money would impact on transaction cost paid by customers. Mr Kofi Kolawole, a PoS agent, said the registration would deplete the profits in the business. Kolawole said the registration would also discourage people from entering the business. “I know that this registration when actualised by our operators will increase the amount they charge us. “This means that the cost we charge
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TINUBU INTERVENES IN UAE VISA BAN, EMIRATE AIRLINES CRISIS. (PHOTO).

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Tinubu intervenes in UAE visa ban, Emirate Airlines crisis

President Bola Tinubu on Thursday called for an immediate resolution to the disagreements between Nigeria and United Arab Emirates which has affected emirate airlines and issuance of visas to Nigeria.

Tinubu also said African countries have a better chance of overcoming economic and security challenges by looking inward for solutions and walking the talk on all of its pledges and agreements.

President Tinubu stated this while receiving Letters of Credence from three envoys at the State House: Ambassador of the Federal Democratic Republic of Ethiopia, Mr. Awall Wagris Mohammed; Ambassador of the Republic of Cuba, Mrs. Miriam Morales Palmero, and Ambassador of United Arab Emirate, Salem Saeed Al-Shamsi.

In a side meeting with the Ambassador of Ethiopia, the President assured the envoy that Nigeria will continue to strengthen its ties with African countries in the areas of trade, security, and economic growth.

“Africans need to work for the progress of Africa. We should be able to resolve our internal problems, collectively. It requires a great commitment, but we must do that. No one can understand our people better than we do. Home-grown solutions are better for all of us, and the remedies will last longer,” he implored.

Mohammed congratulated the President for the historic decisions he has taken in the country, and the impact of the policies on the continent, assuring of his dedication to improve relations between Nigeria and Ethiopia.

In another meeting with the Ambassador of Cuba, President Tinubu commended the nation for excelling in the advancement of indigenous medical sciences and accessible health care at the grassroots, all while ensuring the stability of their surrounding region.

 

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