Defer Cybersecurity Levy, NESG Urges CBN The Nigerian Economic Summit Group (NESG) has called on the Central Bank of Nigeria (CBN) to defer the newly announced 0.5% cybersecurity levy on all electronic transactions value as specified in…
That NITDA-NIMC Partnership in Securing Online Transactions By Shuaib S. Agaka The digital age has revolutionized financial transactions, making online payments an integral part of everyday commerce. However, this convenience has also…
The complexity in interpreting and applying specific provisions of the Cybercrime Act 2015 stifled national cybersecurity efforts in the face of well-organised cyber syndicates and well-funded terror adversaries.
Naira Weakens Further, Exchanges N1,450/$ at Parallel Market The naira weakens further against dollar at the black market, also known as the parallel market on Thursday exchanging at ₦1,450 per USD. Recent data from Bureau De Change (BDC)…
FG to Initiate Fresh Audit of N2.7tn Subsidy Debt against NNPCL’s Claim The Federal Government is set to commence a fresh audit of the N2.8tn fuel subsidy claim by the Nigerian National Petroleum Company Limited. An audit firm, KPMG had…
Airtel Incurs $1.7 billion FX Loss over Currency Fall in Nigeria, Malawi Nigeria’s second largest telecom company, Airtel Africa, has reported significant financial setbacks as a result of currency devaluations in several of its key…
Nigeria Air: Sirika, Daughter Arrive Court over Alleged N2.7bn Fraud Former Minister of Aviation, Hadi Sirika, alongside his daughter, Fatima have arrived at the Federal High Court in the Federal Capital Territory, Abuja where they will be…
W’Bank Says Cash Transfer Scheme Shows Low Impact on Households The World Bank says the conditional cash transfer scheme of the Federal Government had little impact on household consumption, financial inclusion or employment of…
VAT Removal on Food, Export Services, others to Enhance Economic Growth – Tax Panel The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has revealed that his committee will be proposing the removal…
Registration Deadline: CAC Charges Police to go after Illegal PoS Operators The Federal Government has said mandatory registration of Point-of-Sales operators nationwide will reduce kidnapping and help security agencies arrest recipients…
Philantrophy Conference Advances Africa’s Development A conference aimed at advancing Africa’s development through philanthropy efforts has been organized by stakeholders in the philanthropy sector. The Fifth African Philanthropy…
Daniel Bwala, the former spokesman for the defunct Atiku-Okowa Presidential Campaign Council, has stated that Nigerians need to adjust to the current economic realities in the country.
Festus Osifo, the President of the Trade Union Congress of Nigeria (TUC), has rejected the cybersecurity levy (CSL) imposed on Nigerians by the federal government.
The Nigeria Labour Congress (NLC) has described the planned cybersecurity levy introduced by the Central Bank of Nigeria (CBN) on all electronic transactions has been described as another burden on Nigerians.
Dr. Dele Alake, the Minister of Solid Minerals Development, called for increased government funding and legislative support to overcome the challenges facing Nigeria’s mining sector during an investigative hearing by the Senate Committee…
The Nigerian Institution of Estate Surveyors and Valuers (NIESV) is blaming the country's current economic instability on the federal government’s failure to properly evaluate the nation’s assets before disposing of them.
Crude oil has traded lower as a result of easing supply concerns, with Brent falling by 17 cents to close at $83.16 per barrel, and the US West Texas Intermediate (WTI) crude depreciating by 10 cents to finish at $78.38 a barrel on Tuesday.
Mrs Abimbola Essien-Nelson, the Media Relations Manager of Shell Nigeria, revealed that the oil company has exclusively paid $1.09 billion in corporate taxes and royalties to the Nigerian Government in 2023.
CBN Orders PoS Operators to Register With CAC, Gives Two Month Ultimatum The Central Bank of Nigeria (CBN) has ordered all Point-of-Sale operators in the country to register their businesses with the Corporate Affairs Commission (CAC) in…
CBN Wants Stronger Monitoring and Evaluation to Boost Project Efficiency in West Africa The Central Bank of Nigeria (CBN) has called for a renewed focus on monitoring and evaluation (M&E) in project management across West Africa,…
FG Pursues $750m W’Bank Loan, may Reintroduce Telecom Tax In pursuit of securing a new $750m loan from the World Bank, the Federal Government may reintroduce previously suspended telecom tax and other fiscal measures. This is according to…
Seplat Announces Plan to Deliver 13 New Oil Wells Seplat Energy Plc has announced its drilling programme for 2024 with plans to deliver 13 new oil and gas wells across its operated and non-operated assets. The company disclosed this in its…
Naira Drops to N1,410 per Dollar in Parallel Market The Naira yesterday depreciated to N1,410 per dollar in the parallel market, from N1,395 per dollar last weekend. However, the Naira appreciated in the Nigerian Foreign Exchange Market,…
FG Reduces Tariff for Band A Customers to N206.80/kwh The Federal Government has approved a downward review in electricity tariff for Band A customers to N206.80/kwh, from N225/kwh. Ban A customers are electricity consumers with a minimum…
Nigeria-UK Trade Worth £7bn, Says British Envoy Richard Montgomery, the British high commissioner to Nigeria, says trade relations between Nigeria and the United Kingdom (UK) are about £7 billion. Montgomery spoke in an interview with NAN…
Nigeria Signs Afrexim Bank Trade Development Fund Nigeria has officially signed the Establishment Agreement for the Fund for Export Development in Africa (FEDA), an impactful investment platform managed by the African Export-Import Bank …
Low Assets-to-GDP in Banks Explains Recapitalisation The low asset base of Nigerian banks relative to peers makes a compelling case for a recapitalisation exercise, according to Ike Chioke, group managing director, Afrinvest West Africa…
Salary Increasment Not Solutions, by Abba Dukawa Life in Nigeria has became miserable for the larger population of Nigerians as the year 12024, was one of the hardest years Nigerians has ever undergone through after the ugly experience of…