Cybersecurity Expert Endorses CBN's Levy with Cautions
A renowned cybersecurity expert, Mr Segun Olugbile, has endorsed the cybersecurity levy introduced by the Central Bank of Nigeria (CBN) but with cautions.
Speaking to PRNigeria, Olugbile, who is the president and co-founder of Global Network for Cybersolution (GNC),...
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 $1.12bn on foreign debt service payments in the first quarter of 2024, highlighting the growing burden of external debt on the nation’s finances.
Data obtained from the international payment segment of the...
Defer Cybersecurity Levy, NESG Urges CBN
The Nigerian Economic Summit Group (NESG) has called on the Central Bank of Nigeria (CBN) to defer the newly announced 0.5% cybersecurity levy on all electronic transactions value as specified in the Cybercrime Act.
NESG said this has become necessary...
Naira Weakens Further, Exchanges N1,450/$ at Parallel Market
The naira weakens further against dollar at the black market, also known as the parallel market on Thursday exchanging at ₦1,450 per USD.
Recent data from Bureau De Change (BDC) reveals that buyers in the Lagos Parallel Market...
CBN Orders PoS Operators to Register With CAC, Gives Two Month Ultimatum
The Central Bank of Nigeria (CBN) has ordered all Point-of-Sale operators in the country to register their businesses with the Corporate Affairs Commission (CAC) in two months.
This was revealed after a meeting between...
