The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate increased to 33.69 percent in April 2024. The NBS…
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The “buy” rating, according to analysts, implies that “the expected total return over the next 12 months is 25 per cent or more. Investors are advised to take positions at the prevailing market price as at the report date”.
The International Monetary Fund (IMF) has advised the Nigerian government to ask global crypto trading platforms to register or obtain licences before operating in the country.
The lawmaker said that unless immediate steps were taken to halt the proposed action of the CBN, the cybercrime would be implemented in error.
“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.
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.