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.
The TUC has urged government to revoke the 0.5% cybersecurity levy on bank transactions, citing economic burden on downtrodden Nigerians.
The Catholic Bishops Conference of Nigeria on Tuesday warned that Artificial Intelligence should be a tool for empowerment, not destruction.
Financial Analyst Obi-Chukwu emphasised forex’s crucial role in shaping the naira’s path, urging swift action to strengthen reserves and attract capital.
Microsoft has reportedly decided to close its Lagos Innovation centre, decision is likely influenced by Nigeria’s economic reality, sources say.
The naira’s depreciation has raised concerns amidst growing transaction volumes, reflecting economic uncertainty.
The NUPRC has promised fair and transparent bids as it shifts away from frontloaded signature bonuses in new licensing round.
The CBN says petroleum profit tax, royalty, education tax and others are all eligible for settlement from repatriated export proceeds.
The NERC has said that they will be adjusting electricity tariff every month instead of every 6-months as originally planned.
ECBN has ordered the implementation of 0.5% cybersecurity levy on electronic transactions to combat rising cybercrime threats.
Shell is set to sell its majority stake in Shell Downstream South Africa, announcing plans to reshape its downstream portfolio.
Ikeja DisCo reduced Band A tariff from N225/kwh to N206.80/kwh, effective May 6, addressing concerns about electricity affordability and access.
Nigeria has linked up with 15 other African countries to join Afreximbank’s fund for export development.
EXCERPT: NECA described fuel scarcity as a persistent issue impacting Nigeria’s productivity, urging swift government action to address the problem. Nigeria Employers’ Consultative Association (NECA), has described the persistent recurrence
GTCO, Zenith, Access and 5 other banks reported N1.13 trillion profit in Q1 2024, a 267% increase from 2023.
PM Browne says his country looks forward to when Air Peace will begin scheduled direct flights into Antigua and Barbuda.
Fitch ratings is anticipating a further monetary tightening by the CBN in the second half of 2024.
Social entrepreneurship organisation, TOVA, has struck a new deal with an Israeli company for agricultural turn-key projects.
Apple has announced a historic $110 billion share buyback program despite fall in sales.
The Naira has suffered further loss with the NAFEM Window and parallel market closing at N1,402.67/$1 and N1,380/$1 respectively.
NDIC has increased deposit insurance limits, aiming to shield depositors from financial uncertainties and bolster trust in banking.
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