He noted that the relevant section of the Cybercrime Act is very clear about the businesses that are required to pay the levy, not the citizens.

IMF Advices CBN Against Waivers for Deposit Banks The International Monetary Fund (IMF) has strongly urged the Central Bank of Nigeria (CBN) to unwind the regulatory forbearance granted to Deposit Money Banks during the COVID-19 pandemic. It also cautioned against the Federal Government over the proposed...

Nigeria Spends $1.12bn on Foreign Debt Servicing in Q1 The Federal Government spent about $1.12bn on foreign debt service payments in the first quarter of 2024, highlighting the growing burden of external debt on the nation’s finances. Data obtained from the international payment segment of the...

Ondo Internal Revenue Rises to N40bn The Ondo State Government has disclosed that its Internally Generated Revenue has increased by 300 per cent to N40bn from N10bn. The Chairman of the Ondo State Internal Revenue Service, Mr Tolu Adegbie, stated this at the induction/training programme for...

Ogun Customs Confiscates N380.37m Contraband The Nigeria Customs Service, Ogun 1 Area Command has confiscated 103 contraband with a duty paid value of N380.37m in 23 days. The Area Controller of Ogun 1 Command, Comptroller James Ojo, disclosed this during his maiden briefing in Abeokuta on...

FG to Telecoms: Tariff Hike Not a Viable Option The Federal Government has faulted the proposal by telecommunications companies to raise their tariffs, emphasising that increasing data, voice and text message prices isn’t the “sole or optimal solution” to the sector’s challenges. It also urged the...