Presidential committee to commence nationwide deployment of CNG by May 29
The Presidential Compressed Natural Gas Initiative, PCNGI, has announced a series of activities leading to a nationwide deployment on May […]
African Business News
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CBN’s interest hikes triple banks profits by 263%
Naira devaluation and Central Bank of Nigeria’s interest rate hikes tripled the earnings of some of Nigeria’s biggest banks in
Nigerian Customs Service Forges Key Partnership with Chinese Customs Authority
The Nigerian Customs Service (NCS) has achieved a significant milestone by signing a Memorandum of Understanding (MoU) with the General
African Business News
Dana Air Lays Off Workers Amid Ongoing Regulatory Audit
Dana Air, weeks after its suspension by the Nigerian government, has taken the difficult decision to lay off several of
SEC Introduces Stricter Rules for Private Company Securities Issuance
The Securities and Exchange Commission of Nigeria (SEC) has taken a significant step towards strengthening the oversight of securities issuance
African Business News
House of Representatives Urges CBN to Revoke 0.5% Cybersecurity Levy Directive
The House of Representatives has called on the Central Bank of Nigeria (CBN) to retract its recent circular instructing banks
African Business News
Presidential Committee Proposes VAT Rate Increase, Revenue-Sharing Review
The presidential committee on fiscal policy and tax reforms has recommended an increase in the value-added tax (VAT) rate, along
African Business News
LCCI Criticizes CBN’s 0.5% Cyber Security Levy, Calls for Reconsideration
The Lagos Chamber of Commerce and Industry (LCCI) has voiced its concerns over the Central Bank of Nigeria’s (CBN) directive
Top Forecaster Warns: US Economy Heading for Recession, Stock Market Could Plummet 30%
Investors should brace themselves for a looming recession that could trigger a significant downturn in the stock market, according to
Federal Government Gives Two-Month Deadline for Registration of POS Operators
The Federal Government, through the Corporate Affairs Commission (CAC), has mandated Point of Sales (POS) companies to register their agents,
Central Bank of Nigeria Introduces 0.5% Cybersecurity Levy on Electronic Transactions
The Central Bank of Nigeria (CBN) has issued a directive instructing all banks to impose a 0.5% cybersecurity levy on
Federal Government Moves to Delist Naira from Crypto Platforms Amid Exchange Rate Concerns
In response to growing concerns over exchange rate manipulation and dollar racketeering in Nigeria’s crypto market, the Federal Government, through