BUSINESS
CBN Makes U-turn, Withdraws Circular On Cybersecurity Levy
The Central Bank of Nigeria, CBN has withdrawn the circular directing banks and other financial institutions to implement the 0.5 per cent cybersecurity levy. The...
Nigeria, Kuwait Reach Agreement To Commence Direct Flights
The Nigerian government has signed a Bilateral Air Services Agreement (BASA) with Kuwait for the commencement of direct flights. This was disclosed by the Minister...
Obaseki plunges Edo into foreign debt with no result to show, DMO reports says
A report from Nigeria’s Debt Management Office (DMO) has shown that Edo State sunk into scary levels of foreign debt under the administration of...
Nigeria’s $632M Loan Request Set For Approval By World Bank Today
Amid growing concerns over Nigeria's increasing debt profile, the World Bank is scheduled to approve new loans totaling $632 million to the country today...
NDIC Lists Heritage Bank’s Head Office For Sale
The Nigeria Deposit Insurance Corporation has listed the head office in Lagos and branches of failed Heritage Bank across the country for sale in...
President Buhari Unveils 1 Million Bags Of Rice Pyramids In Abuja (Pictures)
The Executive Governor of Jigawa state Alhaji Mohammed Badaru Abubakar joins President Muhammadu Buhari to unveil the FCT MEGA rice pyramids in Abuja. The One...
FG Begins N50 Electronic Levy Deductions On Transactions Via Fintech Platforms
The Federal Government (FG) has commenced the implementation of the N50 Electronic Money Transfer Levy (EMTL) on transactions of ₦10,000 and above conducted through...
Cardoso Reaffirms Commitment To Enhance Financial Stability
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to shaping global regulatory frameworks for stablecoins and other digital assets, emphasizing that innovation...
Buhari Appoints Steering Committee For Petroleum Act
President Muhammadu Buhari has commenced implementation of the newly signed Petroleum Industry Act (PIA) by approving a steering committee to oversee the process. The steering...
Global Trade War: Naira Value Depreciates Amid Forex Outflows
The ongoing tariff war between the United States and certain nations has created uncertainty, which has caused foreign exchange to leave Nigeria and caused...
