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CBN
The Central Bank of Nigeria (CBN) has extended the suspension of processing fees on significant cash deposits until September 30, 2024.
The Central Bank of Nigeria (CBN) conducted its latest Primary Market Auction (PMA) on Wednesday, May 8th, 2024, offering one-year treasury bills with a maturity date of August 8th, 2025, at a stop rate of 20.70%
The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has asked the federal government and Central Bank of Nigeria (CBN) to cap the maximum amount for the new introduced cybersecurity levy at N500 to ameliorate the burden on the private sector.
On May 6, 2024, the Central Bank of Nigeria (CBN) ordered banks to begin the process of deducting cybersecurity levy which will be administered by the Office of the National Security Adviser (NSA).
The Centre for the Promotion of Private Enterprise, (CPPE) has stated that the newly introduced cybersecurity levy and other numerous taxes imposed by federal, state and local government impedes the capacity of businesses to drive economic growth, leads to job losses and fuels inflation across the country.
According to the CAC, the registrations is also in line with the legal requirements and the directives of the Central Bank of Nigeria (CBN).
While the levy is to be charged on all electronic transactions and applied at the point of transfer origination, the CBN in an appendix to the circular, listed 16 transactions exempted from the levy.
Dr. Aina said governments and regulators globally are struggling to regulate technology because it moves at a very fast pace.
The Central Bank of Nigeria (CBN) has ordered banks to enact the process of deduction of cyber security levy to be administered by the office of the National Security Adviser (NSA).
Global credit ratings agency, Fitch Ratings, has projected further hike in monetary policy rates by the Central Bank of Nigeria (CBN) in the second half of the year.
Nigerian young resident population now feels more mistrust and bewilderment because of the FG's recent attack against Nigeria's crypto industry
Zenith Bank Plc, one of Nigeria's leading banks, released its unaudited financial results for Q1 2024, revealing a pre-tax profit of N320.194 billion.