FOREIGN INVESTMENT OUTFLOWS IN NIGERIA SURGE BY 237% IN Q1 2024 AMID CBN POLICY
Foreign portfolio investment and FPI outflows in Nigeria surged by 237 percent in the first quarter of 2024 compared to the same period in 2023...
OIL, GAS SECTOR: TINUBU INAUGURATES NEITI GOVERNING BOARD
President Bola Ahmed Tinubu inaugurated the newly constituted 15-member National Stakeholders Working Group, also known as the Governing Board of the Nigeria Extractive Industries Transparency...
CSOs URGE FG TO REINTRODUCE CYBER SECURITY LEVY
Given the benefits of an improved security framework for financial activities in the nation, the Federal Government has been encouraged by the Coalition of Civil...
BREAKING: CBN INCREASES INTEREST RATE TO 26.25%
The Monetary Policy Committee of the Central Bank of Nigeria has increased the benchmark interest rate to 26.25 percent. This was disclosed by the Governor...
CBN DIRECTS BANKS TO STOP IMPLEMENTATION OF CYBERSECURITY LEVY
By Ajape Sefiu A. On Monday, the Central Bank of Nigeria (CBN) directed all banks to stop the implementation of a 0.5 percent cybersecurity levy...
NCC WARNS SUBSCRIBERS AGAINST BUYING OF PRE-REGISTERED SIM CARDS
The Nigerian Communications Commission has warned Nigerians against buying pre-registered SIM cards, citing the illegal nature of the practice, and could attract severe consequences. The...
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...