The Central Bank of Nigeria (CBN) has warned Deposit Money Banks (DMBs) and Other Financial Institutions (OFIs) in the country to be wary of transactions with businesses and persons in the Russian Federation, the Democratic People’s Republic of Korea, Iran and Cameroun. The warning was contained in a circular referenced: FPR/AML/PUB/BOF/001/029, which was issued on Thursday by the Director, Financial …

The Special Envoy of the President of the Republic of Korea, Jang Sungmin has said that his country is looking at expanding the bilateral and economic cooperation between Korea and Nigeria. He stated that Korea was very interested in engendering technology transfer between the two countries especially in agriculture, cyberspace, security, biotechnology, oil and gas, principally oil refining capacity. He …

South Korean Labour Minister on Monday said that the government planned to expand the period of leave for working parents from the current one year to one year and six months. The Ministry of Employment and Labour also said it planned to increase the quota of foreign workers with non-professional employment visas for this year to alleviate pandemic-induced labour shortages. …