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,...
TINUBU APPOINTS RENOWED BANKER, JIM OVIA AS CHAIRMAN OF NIGERIAN EDUCATION LOAN FUND
President Bola Tinubu has approved the appointment of Mr. Jim Ovia, CFR, renowned banker and businessman, as the Chairman of the Board of the Nigerian...
PRESIDENT TINUBU APPROVES TAKEOFF OF CONSUMER CREDIT SCHEME
President Bola Tinubu has approved the takeoff of the first phase of the Consumer Credit Scheme. Consumer credit serves as the lifeblood of modern economies,...
NAIRA DEPRECIATES TO N1,250/$ IN PARALLEL MARKET
In the parallel market yesterday, the value of the Naira depreciated to N1,250 per dollar from N1,140 per dollar that it was on Thursday In...
UPDATE: FCCPC STORMS CHINESE SUPERMARKET OVER CLAIMS OF DISCRIMINATION AGAINST NIGERIANS
Arriving at the China General Chamber of Commerce, an Abuja-based Chinese supermarket, is the Federal Competition and Consumer Protection Commission (FCCPC). Nigerians had earlier on...
EMPTY ATMs: CUSTOMERS CLAIM BANKS CONSPIRE WITH PoS OPERATORS TO EXTORT NIGERIANS
By Ajape Sefiu A. A growing number of Automated Teller Machines (ATMs) that are "temporarily unable to dispense cash" have led to accusations from the...