The House of Representatives has directed the Central Bank of Nigeria, CBN, to suspend the proposed implementation of the cybercrime levy of 0.5% on electronic transactions. Consequently, the House directed the CBN to withdraw the ambiguous circular in existence and issue an unequivocal circular in line with the…
The Federal Government has said mandatory registration of Point-of-Sales operators nationwide will reduce kidnapping and help security agencies arrest recipients of ransom payments from kidnap victims. It also vowed that security agencies would go after PoS operators who fail to comply with the directive to register…
The Chairman, Senate Committee on Petroleum (Downstream), Ifeanyi Ubah, has assured that two refineries- Port Harcourt and Warri would be fully operational by the end of 2024. Ubah said plans have already been put in place to achieve the target, stressing that the Kaduna Refinery would also be operational…
Oyo State House of Assembly has urged the Executive arm to conduct comprehensive investigation into the abscondment of some staffers of the State government across Ministries and Agencies. The house made the resolution following a motion presented by Hon. Babajide Adebayo at the floor of the house. This,…
Mukaila Lamidi, also known as Auxiliary, the former chairman of the Oyo State Park Management System (PMS), has been whisked away at his residence this afternoon by masked security operatives suspected to be men of the Department of State Services (DSS). His family members confirmed the arrest in a statement…
High Chief Rasidi Ladoja, the Otun Olubadan of Ibadanland, has withdrawn his lawsuit against members of the Olubadan-in-Council, a reliable source confirmed on Tuesday. “Yes, he has withdrawn the case from court and has instructed his lawyers to do the same,” the source said. You would recall that High Chief…
Nigeria, with its vast arable land and diverse agricultural potential, should ideally be a thriving hub for agricultural activities. However, the reality paints a different picture. Nigerian farmers face a myriad of challenges that hinder their productivity, profitability, and overall well-being. These challenges…
The Central Bank of Nigeria (CBN) has ordered all banks to start charging a 0.5 per cent cybersecurity levy on all electronic transactions within the country excluding 16 listed banking deals. According to a circular signed by the Director, Payments System Management Department, Chibuzo Efobi; and the Director,…
The Central Bank of Nigeria, on Monday, directed banks and other financial institutions to start charging a cybersecurity levy on all banking transactions. PUNCH Online reports that, according to the circular, the implementation of the levy would start in two weeks. The circular read in part, “Following…
The Federal Government has announced plans to delist the naira from all peer-to-peer (P2P) platforms. The Director General of the Securities and Exchange Commission, Emomotimi Agama, made this disclosure in a virtual meeting with blockchain stakeholders on Monday. This decision aims to tackle the manipulation of the…