“It is crucial that the government listens to the concerns of organizations like the NEF and works towards implementing policies that benefit all Nigerians, rather than burdening them with additional costs and hardships.
Browsing: ECONOMY
The Naira on Wednesday slightly depreciated at the official market, trading at N1,421.06 to the dollar.
“One of the major problem in the country now is food. People are hungry and it is difficult to pursue dreams and aspirations.
“On a trip to Nigeria in January, Tigran Gambaryan, a compliance officer for the giant cryptocurrency exchange Binance, received an unsettling message: The company had 48 hours to make a payment of roughly $150 million in crypto,” the report said.
The Nigeria Labour Congress (NLC) has rejected the recent directive by the Central Bank of Nigeria (CBN) of 0.5 (0.005) per cent Cybersecurity Levy on electronic transfers.
The Centre for the Promotion of Private Enterprise (CPPE) has appealed to the Federal Government to halt the implementation of the 0.5 per cent cybersecurity levy pending stakeholder inputs and a review of the law.
“Following the enactment of the Cybercrime (Prohibition, Prevention, etc) (amendment) Act 2024 and pursuant to the provision of Section 44 (2) (a) of the Act, ‘a levy of 0.5% (0.005) equivalent to a half percent of all electronic transactions value by the business specified in the Second Schedule of the Act’, is to be remitted to the National Cybersecurity Fund (NCF), which shall be administered by the Office of the National Security Adviser (ONSA),”
FBN Holdings Plc has topped 41 other advanced equities to pull the Nigerian Exchange Ltd. (NGX) market indices up by 1.46 per cent, week-on-week, making investors gain N811 billion.
On the gainers table, Flour Mill and Presco led by 10 per cent each to close at N33.55 and 229.9 per share respectively, followed closely by Sterling Nigeria with 9.98 per cent to close at N4.74 per share.
The Nigeria Deposit Insurance Corporation (NDIC) has urged depositors to patronise only deposit financial institutions licensed by the Central Bank of Nigeria (CBN).