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…
The police on Monday docked Mr Samuel Oyetayo, 35, in an Iyaganku Magistrates’ Court, Ibadan, for allegedly forging the Oyo Government hackney permit and ticket. Oyetayo, whose address was not provided, is standing trial on a count charge bothering on forgery of the Oyo Government hackney permit. He,…
THE Federal Government has approved a downward review in electricity tariff for Band A customers to N206.80/kwh, from N225/kwh in Nigeria. Band A customers are electricity consumers with a minimum supply of 20 hours daily. In a notice to its customers on Monday, Ikeja Electric, stated: “Please be informed…
Petrol supply challenges facing the country entered its third week yesterday with marketers remaining upbeat about the situation following the release of more volumes by NNPC Limited. Checks by Vanguard showed that while the length of queues at some of the filling stations opened to motorists in Abuja has reduced…
In recent years, there has been a growing concern about the prevalence of drug abuse among Nigerian youths. Drug abuse not only poses serious health risks to individuals but also has far-reaching implications for society as a whole. In this article, we will examine the implications and consequences of drug abuse…
The Nigerian Army has announced its recruitment into 87 Regular Recruits Intake for No- Tradesman and Women This was made official in a statement released on Friday 3rd May ,2024 It wrote, “This is to inform the general public & all interested applicants that online application for 87 Regular Recruits Intake…
Shell Nigeria Gas and the Oyo State Government have signed an agreement to develop a gas supply and distribution infrastructure that will deliver gas to industrial and commercial users in the state. A statement released on Friday by Shell Nigeria’s Media Relations Manager, Abimbola Essien-Nelson, disclosed…
Record 4m inactive bank account Commercial banks in Nigeria closed 2.021 million bank accounts in the first quarter of 2024, Q1’24, in effort to clean their books of questionable accounts and comply with regulatory order on linkage of bank accounts to National Identity Number, NIN. This is contained in a…