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Global tax and advisory firm, KPMG has criticized the federal government and Central Bank of Nigeria (CBN) on its move to implement the cybercrime levy stipulated in the 2024 Cybercrimes Amendment Act stating that no country can tax its way to prosperity.
In the latest episode of "Follow the Money with Ugodre," powered by Nairametrics, we delved into last week's...
Nigerian banking stocks have experienced a dismal second quarter thus far. This downtrend follows the Central Bank's announcement on banking recapitalization, which has set expectations for further declines in share prices.
The federal government will soon begin the distribution of N100 billion worth of fertilisers donated earlier by the Central Bank of Nigeria (CBN). The Minister of Agriculture, Sen. Abubakar Kyari, said the move is to prepare for the upcoming wet season farming.
The exchange rate for import duties collection by the Nigerian Customs Service (NCS) has risen to the highest just over six weeks at N1457/$ according to checks on the exchange rate portal of the NCS.
The Nigerian currency breached the N1,450 mark against the greenback on the black market amid evolving market dynamics in Nigeria's fragile FX market.
The National Identity Management Commission (NIMC) has said that 107.33 million Nigerians have been enrolled into the National Identification Number (NIN) database as of May 2023.
Members of the House of Representatives have demanded that the Central Bank of Nigeria (CBN) temporarily withdraws the circular instructing banks to start implementing the 0.5% cybersecurity levy, labeling it as “ambiguous.”
Nigeria has spent about $1.12 billion on foreign debt service payments in the first quarter of 2024, highlighting the growing burden of external debt on the nation’s finances.
Following several weeks of a downward trend, Nigeria's foreign exchange reserves have witnessed a marginal resurgence of about $262 million over 19 days.
The experts believe the stance of the banking regulator opened the doors for bad actors, who were involved in currency manipulation through crypto trading.
ACMAN says 0.5% cybersecurity levy ill-timed as it negates efforts to address financial exclusion