Business

The Coalition of Northern Groups (CNG) has rejected the newly introduced 0.5 per cent cybersecurity levy to be charged on all bank transactions. The Central Bank of Nigeria (CBN) had on Monday, issued a circular to all…

Some Point of Sale (PoS) agents in the FCT, have frowned at the new directive of the Corporate Affairs Commission (CAC) for them to register with the commission. The News Agency of Nigeria reports that CAC had on Monday…

The presidential committee on fiscal policy and tax reforms says there is a need to increase the value-added tax (VAT) rate. Taiwo Oyedele, chairman of the committee, spoke on Monday while disclosing the VAT…

Shell Nigeria has said it exclusively paid a total of $1.09billion in corporate taxes and royalties to the Nigerian government in 2023, through the operations of the Shell Petroleum Development Company of Nigeria Limited…

The Central Bank of Nigeria has ordered banks operating in the country to start charging a cybersecurity levy on transactions. A circular from the apex…

* Shippers’ Council to expedite clearance of trapped export containers* Shipping lines to evacuate 2,752 containers in five days The Nigerian Shippers’ Council (NSC) has vowed to take urgent actions to streamline…

There are indications that Microsoft African Development Centre (ADC) may shut down its West Africa operation, located in Lagos, Nigeria. Industry sources in the know revealed this to The Guardian on Tuesday, though…

The acting Group Chief Executive Officer of Access Holdings, Bolaji Agbede, Managing Director of Access Bank, Roosevelt Ogbonna and six other directors of the bank have been vested with about 23,883,790 units of…

The Federal Government on Tuesday vowed to pursue the criminal case against the crypto platform, Binance, and its officials, to a logical end. Speaking against the backdrop of a bribery allegation made by the Binance…

The Nigeria Labour Congress (NLC) has rejected the recent directive by the Central Bank of Nigeria (CBN) of 0.5 (0.005) per cent Cybersecurity Levy on electronic…

Operatives from the Economic and Financial Crimes Commission on Tuesday reportedly arrested some h Bureau De Change operators at the popular Wuse Zone 4 market on Tuesday. This came as traders also said some BDC…

The Central Bank of Nigeria has directed banks to stop charges on cash deposits until September 30, 2024. The apex bank disclosed this in a circular dated May 6, 2024, signed by its Director of Banking Supervision, Adetona…

Heineken Lokpobiri, minister of state for petroleum resources (oil), says the prospective winners of the 2024 marginal bid round must put the fields to immediate use. According to NAN, Lokpobiri spoke during an interview…

A prominent Pay-TV operator, Multichoice Nigeria, has challenged the jurisdiction of the Competition and Consumer Protection Tribunal (CCPT) sitting in Abuja which recently restrained it from increasing in the prices of…

The CEO of cryptocurrency giant Binance, Tuesday, claimed that some agents of Nigerian officials demanded secret payment to make its problems “go away”. Richard Teng, who took over from founder and former CEO Changpeng…

United Bank for Africa Plc, Africa’s global bank, released its financial results for the first…

The Corporate Affairs Commission (CAC) has set a two-month deadline for Point of Sale (PoS) operators in the country to register their agents and merchants. According to the new directive, PoS operators in the country are…

Banks in Nigeria will start charging a 0.5 per cent cybersecurity levy on electronic transfers in two weeks, based on a new Central Bank of Nigeria directive. This announcement was made in a circular signed by Chibuzor…

Nigeria plans to delist the naira from all Peer-to-Peer crypto platforms to reduce the manipulation of the local currency in the foreign exchange market. Emomotimi Agama, Director General of the Securities and…

The Corporate Affairs Commission and some Point of Sale operators have agreed to protect customers’ interest. The Registrar-General of CAC, Hussaini Magaji, said this when the operators visited him in his office in…

The daily foreign exchange turnover at NAFEX, the official platform where forex is traded, dropped to $84.3 million, representing the lowest point in approximately ten weeks. This decline was highlighted by the latest…

The Central Bank of Nigeria (CBN) has ordered banks to enact the process of deduction of cyber security levy to be administered by the office of the National Security Adviser (NSA).   This was disclosed in a circular to…

The Apapa Command of the Nigeria Customs Service (NCS) has achieved a major feat by generating a staggering N672.1 billion in revenue between January and April this year. This was announced by the outgoing Area…

The management of Dangote Cement Plc., Ibese Plant has assured that it would continue to complement the efforts of the Ogun State Government in…