Business

First Bank Chairman Tunde Odukale Bows Out As Tenure Expires

First Bank has announced Ebenezer Olufowose as its new Chairman as Tunde Odukale steps down.

5 months ago

Nigeria’s House Of Reps Orders Immediate Halt To Cybersecurity Levy Implementation by CBN

The House of Representatives has demanded immediate suspension of CBN's proposed cybersecurity levy, citing concerns over interpretation, impact on citizens.

5 months ago

Naira Depreciates To N1,459 At Official Window, N1,455 At Parallel Market

The Naira on Thursday, declined at both the official market and parallel markets.

5 months ago

TUC, LCCI Urge Government to Revoke 0.5% Cybersecurity Levy on Bank Transactions

The TUC has urged government to revoke the 0.5% cybersecurity levy on bank transactions, citing economic burden on downtrodden Nigerians.

5 months ago

Pope Francis, Cardinal Onaiyekan Demand Ethical Framework For AI Technology

The Catholic Bishops Conference of Nigeria on Tuesday warned that Artificial Intelligence should be a tool for empowerment, not destruction.

5 months ago

Cybercrime Levy Imposed by CBN Simply a Tax To Fund Parastatals, Says Financial Analyst Obi-Chukwu

Financial Analyst Obi-Chukwu emphasised forex's crucial role in shaping the naira's path, urging swift action to strengthen reserves and attract…

5 months ago

Jobs at Risk As Microsoft Shuts Down African Development Centre In Lagos

Microsoft has reportedly decided to close its Lagos Innovation centre, decision is likely influenced by Nigeria’s economic reality, sources say.

5 months ago

Naira’s Depreciation Continues, Drops to N1416/$1 At Official Window, N1,450 In Parallel Market

The naira's depreciation has raised concerns amidst growing transaction volumes, reflecting economic uncertainty.

5 months ago

NUPRC Promises Competitive Entry Fees, Transparent Processes In 2024 Block Licensing Rounds

The NUPRC has promised fair and transparent bids as it shifts away from frontloaded signature bonuses in new licensing round.

5 months ago

CBN Allows 50% Of Repatriated Export Proceeds For Local Settlement, Clarifies Policy

The CBN says petroleum profit tax, royalty, education tax and others are all eligible for settlement from repatriated export proceeds.

5 months ago