CBN ORDER BANKS TO CHARGE 0.5% CYBERSECURITY LEVY

The Central Bank of Nigeria has ordered all financial institutions in Nigeria to initiate a 0.5% cybersecurity levy on every transaction. This information was...

FAAN, NSA TO CUT PHYSICAL SECURITY CHECKS AT AIRPORT

The Federal Airports Authority of Nigeria (FAAN) has agreed with the Office of the National Security Adviser to reduce the number of physical security...

MONIEPOINT, PALMPAY FREEZE ACCOUNTS ASSOCIATED WITH CRYPTO

Three fintech companies, Moniepoint, Paga, and Palmpay, liaise with the Nigerian government and CBN to freeze their users' accounts associated with crypto.  The Nigerian National...

UK DEPORT MIGRANTS TO RWANDA

On Tuesday, April 30, 2024, the UK government announced the return of unspecified first migrants to Rwanda in July due to its new controversial...

FG PLANS TO INSTALL CCTV TO CURB LAGOS ILLEGAL SAND MINER

The Minister of Works, David Umahi, after inspecting the three major bridges in Lagos—the Iddo, Carter, and Third Mainland bridges—said the federal government of...

CITN SUGGEST GOOD TAX SYSTEM TO ATTRACT FOREIGN INVESTMENT

Mr Abiodun Oke, the chairman of the Chartered Institute of Taxation of Nigeria (CITN), has suggested that Nigeria needs to adopt a sound tax...

JACOB ZUMA TO NATIONALISE LAND AND MINES IN SOUTH AFRICA

Jacob Zuma, the former South African president, and his newly formed party are in the race to nationalize land and financial institutions in South...

KENYAN POLICE BLOWS BINANCE EXECUTIVE, ANJARWALLA’S HIDEOUT

The Kenya Police Service has arrested the escapee Binance executive, Nadeem Anjarwalla, who fled from the custody of the Nigeria police force.   One of the...

EXCHANGE RATE FOR IMPORT DUTIES SLASHED

The Nigerian Customs Service (NCS) has reduced the exchange rate for import duties from N1238.1 to the dollar to N1,147/$. This implies a drop of N91.1...
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