Business

CBN: Things to know about Cybersecurity levy on electronic transactions in Nigeria

Nigerians are angry at the Central Bank of Nigeria's recently implemented 0.5% cybersecurity levy.  The Cybercrimes (Prohibition, Prevention, etc.) (Amendment)…

8 months ago

How Nigerian official requested $150m bribe from Binance – Report

According to reports, Binance Limited was offered a $150 million bitcoin bribe by the Nigerian government. This was revealed on…

8 months ago

Cybersecurity levy 0.005% not 0.5% – Tinubu’s aide Onanuga makes clarifications

President Bola Ahmed Tinubu’s spokesperson, Bayo Onanuga, has clarified that the cybersecurity charge recently imposed on all banks and financial…

8 months ago

Nigerian govt orders all PoS operators to register with CAC, reveals deadline

In compliance with the directives of the Central Bank of Nigeria, the Nigerian government has mandated that all point-of-sale operators…

8 months ago

NGX makes gain after losing N3.53tn in April

The Nigerian Stock Exchange Limited saw its first weekly gain, following a N3.54 trillion loss in April 2024.  This is…

8 months ago

Nigeria’s currency in circulation hits N3.87tn Q1 as money outside bank surges

By the conclusion of the first quarter of 2024, money outside the banking system had expanded to the tune of…

8 months ago

CBN governor, Cardoso reveals why there’s hyper food inflation

According to Olayemi Cardoso, the governor of the Central Bank of Nigeria (CBN), one factor driving the nation's skyrocketing food…

8 months ago

NDIC tells depositors what next to do amidst fraud

Depositors are urged by the Nigeria Deposit Insurance Corporation (NDIC) to only use deposit banking institutions that hold a licence…

8 months ago

Nigerian banks close 2 million accounts over BVN, NIN, others

In the first quarter of 2024, or Q1’24, at least 2 million bank accounts were closed by Nigerian commercial banks.…

8 months ago

Naira gains against dollar at official forex market

At the official foreign exchange market this week, the naira saw its first increase versus the US dollar.  According to…

8 months ago