Stakeholders Demand Better Security as Banks Lose N42.6bn to Fraud   Cybersecurity experts have stated that Nigerian banks must bridge the widening technology adoption gaps and closely track insider threats after losing N42.6bn to fraud between April and June 2024. The Financial Institutions Training Centre revealed the...

DMO Offers Two Savings Bonds For October Subscription   The Debt Management Office (DMO) has announced the opening of the October 2024 Federal Government of Nigeria savings bond offer, featuring two bond series with competitive interest rates. According to a bond circular on the DMO’s website, the...

Discos Revenue Rise by 61.4% After 230% Electricity Tariff Hike   Revenues earned by electricity Distribution Companies (Discos) in Nigeria have risen by over 61.4 per cent after the Nigerian Electricity Regulatory Commission (NERC) approved a 230 per cent tariff increase for Band ‘A’ customers nationwide...

In-country Food Production Will Strengthen Exchange Rate, Tame Inflation - Edun   The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, yesterday argued that with adequate in-country food production, the current high inflation rate will be curbed considerably. Edun made the comment as the...

Higher Interest Rates Necessary to Control Inflation – Cardoso The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has defended the bank’s decision to raise the Monetary Policy Rate to 27.25 per cent, describing it as a necessary move to control inflation and...

Current Withholding Tax Regime Valid till December – FIRS The Federal Inland Revenue Service (FIRS) has said that the current Withholding Tax regime will remain effective until December 31, 2024. This is according to a public notice informing taxpayers, tax practitioners, and the general public about...