Telecom: Akabueze Contradicts Pantami, Says 5% Tax Stands   Contrary to the pronouncement by the minister of communications and digital economy, Isa Ali Pantami, that the five percent telecom levy had been suspended, the director-general of the Budget Office, Ben Akabueze,...

eNaira: Changing the Narrative of Financial Transactions in Nigeria, by Abbas Badmus   The idea of eNaira comes from the ever-expanding developments in digitalization and the need for a secured means of effecting transactions accross borders. eNaira is a Central bank digital...

Currency In Circulation Drops To N3.24trn   Currency in circulation fell by N107.08bn from N3.35tn in April to N3.24tn in July, latest figures on currency from the Central Bank of Nigeria has revealed. According to the CBN, the CIC which stood at...

Navy Destroys N30bn Illegal Refinery Assets   The Nigerian Navy (NN) has destroyed assets worth over N30 billion belonging to illegal refinery operators in the Niger Delta, in its war against oil theft. Commodore Adedotun Ayo-Vaughan, Director of Information, NN, said the...

Fed Govt Grows VAT By 20%, Rakes In N1.2trn   The Federal Government through the Federal Inland Revenue Service has grown its proceeds of Value of Added Tax by 20 per cent to N1.2tn in the first six months of 2022. According...

CBN Moves Against Defaulting Anchor Borrowers   The Central Bank of Nigeria (CBN) has moved against beneficiaries of its Anchor Borrowers Programme who have failed to pay back their loans. The NIRSAL Microfinance Bank Limited (NMFB), has published the names of some...