Cybersecurity levy mistimed, should be targeted at the rich, not the poor – NESG
The National Economic Summit Group (NESG) has raised concerns about the timing of the cybersecurity levy directive issued by the…
Day: May 10, 2024
IMF asks CBN to stop waivers for banks
The International Monetary Fund (IMF) has advised the Nigerian government against proposed amendments to the Act establishing the Central Bank…
NPA Introduces E-tags for Improved Cargo Delivery
The Nigerian Ports Authority (NPA), in partnership with Truck Transit Parks Limited (TTP), has initiated the implementation of Electronic tags…
IMF cautions FG against CBN Act amendment
The International Monetary Fund (IMF) has advised against proposed amendments to the Act establishing the Central Bank of Nigeria (CBN),…
Reps ask Shettima, NDPHC to revive Gbarain power plant in Bayelsa
The House of Representatives has called on Vice President Kashim Shettima, who chairs the Board of the Niger Delta Power…
Nigeria spends $1.12 billion on servicing foreign debts in Q1 2024
Data from the Central Bank of Nigeria (CBN) reveals that Nigeria spent approximately 70% of its dollar payments in the…
SEC imposes N10m penalty for unauthorised security issuance
The Securities and Exchange Commission (SEC) has proposed new rules governing the issuance and allotment of securities by private companies,…
GTCO shareholders approve $750m capital raising plan
At Guaranty Trust Holding Company (GTCO) Plc’s third Annual General Meeting, shareholders approved the establishment of a capital raising programme…
Tinubu Orders Completion of Inland Dry Ports Nationwide
President Bola Tinubu, represented by Sen. George Akume, has directed the swift completion of all unfinished inland dry ports across…
Uganda Named Top Investment Destination in Africa, Wins Award at Abu Dhabi Investment Meeting
At the Annual Investment Meeting (AIM) in Abu Dhabi, Uganda was awarded the top investment destination in Africa, attracting over…
Nigeria Considers Reinstating Telecom Tax to Secure $750 Million World Bank Loan
Nigeria is contemplating reinstating a previously suspended telecom tax and other fiscal measures to secure a new $750 million loan…
Canada fines Binance $4.38 mln for money laundering violations
Canada’s anti-money laundering agency, FINTRAC, has imposed a fine of almost C$6 million on cryptocurrency exchange Binance for breaching money…
NCC Partners with Nokia to Train Nigerian Youths on 4G/5G Technologies
The Nigerian Communications Commission (NCC) has entered into a Memorandum of Understanding with Nokia Solutions and Networks Nigeria to provide…
SEC Unveils Stricter Rules on Private Companies’ Securities Issuance and Allotment
The Securities and Exchange Commission (SEC) has introduced new regulations governing the issuance and allotment of securities by private companies.…
Olufowose replaces Hassan-Odukale as First Bank chairman
FBN Holdings has confirmed the departure of Mr. Tunde Hassan-Odukale as Chairman of First Bank of Nigeria Limited following the…