CBN Orders Banks to Halt 0.5% Cybersecurity Charges
The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to stop the implementation of 0.5 percent cybersecurity charges on electronic transactions.
This was disclosed in a circular to all commercial, merchant, non-interest, payment service...
ICPC to Lead Stakeholders in Tackling Illicit Financial Flows, Terrorism Financing
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has reaffirmed its dedication to combatting terrorism financing as a means to curtail illicit financial activities.
This commitment was reiterated by the ICPC Chairman, Dr....
Money supply falls to N92.3tn in March – CBN
Nigeria’s Money Supply has dropped marginally from N93.9tn in February to N92.3tn in March 2024, according to data from the Central Bank of Nigeria (CBN).
Money supply refers to the total amount of monetary assets available in...
CNG Pump Dispensers Increase by 233% in Nigeria
The deployment of dispensing pumps for Compressed Natural Gas, CNG, have risen by 233 per cent in six months since November last year.
Coordinator and Chief Executive, Presidential Initiative on CNG, Pi-CNG, Mr. Michael Oluwagbemi, disclosed this while...
Naira Depreciates, Now N1,540/$ in Parallel Market
The Naira yesterday depreciated in the parallel market to N1,540 per dollar from N1,530 per dollar on Wednesday.
Similarly, the Naira yesterday depreciated to N1,533.99 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.
Data from FMDQ showed that...
FIRS Generates N3.94trn in Q1
The Federal Inland Revenue Service (FIRS) has fallen short of its tax revenue target for the first quarter of 2024, generating N3.94 trillion as against N4.8 trillion.
Zacch Adedeji, the chairman of FIRS made this known while hosting a delegation from...
