JUST IN: NAIRA DEPRECIATES FURTHER, TRADES AT OVER N1, 500/$
By Ajape Sefiu A. The naira continued its devaluation against the US dollar in the foreign exchange market. According to data from the parallel market...
AIRTEL SUFFERS $549M FX LOSS OVER CURRENCY DEVALUATIONS IN NIGERIA, MALAWI
The second-biggest telecom provider in Nigeria, Airtel Africa Plc, reported a $89 million loss after taxes for the entire year that ended in March 2024....
CAC REGISTRATION: POLICE TO GO AFTER UNREGISTERED PoS OPERATORS
According to the Federal Government, making point-of-sale operators countrywide registered by law will lessen abduction and make it easier for law enforcement to apprehend people...
CYBER SECURITY LEVY: DESIGNED TO MILK DYING ECONOMY, WILL PUSH MORE NIGERIANS INTO POVERTY – PETER OBI
By Ajape Sefiu A. The newly imposed cyber security levy by the President Bola Tinubu-led Federal Government has been characterized as one tax too many...
MICROSOFT TO SHUT DOWN LAGOS CENTRE, OVER 200 JOBS AT RISK
Microsoft, a multinational technology company with headquarters in the United States, has thought about shutting down the African Development Center in Lagos, Nigeria. Microsoft's ADC...
FULL LIST: 16 BANKING TRANSACTIONS EXEMPTED FROM NEW CBN’S CYBERSECURITY LEVY
The Central Bank of Nigeria (CBN), in a circular dated May 6, 2024, has ordered all banks to start charging a 0.5 per cent cybersecurity...
NAIRA VS DOLLAR: FG TO ENFORCE STRICTER SANCTIONS ON CRYPTO BUSINESSES
The Nigerian government plans to impose stricter rules on cryptocurrency platforms to defeat the Naira against the dollar in the foreign exchange market. This development...
CRYPTO REGULATION: SEC CHIEF TO MEET FOREIGN, LOCAL CRYPTO EXCHANGES, OTHERS MONDAY
The newly appointed Director General, Securities and Exchange Commission, Dr Emomotimi Agama, will meet with the local and international crypto exchanges on Monday to discuss...
BORROWING FOREIGN CURRENCY TO SUPPORT NAIRA DEVALUATION SHORTSIGHTED APPROACH — NLC
The two leading labor organizations, the Nigeria Labour Congress and Trade Union Congress, declared on Wednesday that they recognized the federal government's realization that floating...
WHY INCREASE IN MINIMUM WAGE WON’T WORSEN INFLATION – TUC
The Trade Union Congress, TUC said increasing the minimum wage for civil servants will not worsen inflation. This was stated by the president of TUC,...