“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),”
Browsing: ECONOMY
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).
“Our focus is on achieving the revised targets set for DSR Numan Operations, Dangote Adamawa Sugar Limited, and Nasarawa Sugar Company Limited, while we are hopeful that the Taraba State Government will resolve the community payment issues that have led to the stoppage of activities at the Dangote Taraba Sugar Limited, Lau/Tau project.”
MTN Nigeria says its total subscribers increased by 1.3 percent to 77.7 million, as at March 31, 2024, from 76.7…
“During the quarter, we intensified our emphasis on exports, dispatching 7 ships from Nigeria to Ghana and Cameroon. As a result, our Nigerian exports surged by 87.2%, reflecting our commitment to expanding our presence in regional markets and capitalising on our export-to-import strategy.
Total Ways and Means balances as of May 2023 when the Tinubu administration took over N26.95 trillion.
Over the course of the week, investors on the Nigerian Exchange Ltd. (NGX) equities market lost a total of N784…
The equities market declined on Friday, with profit-taking in stocks such as Zenith Bank, Guaranty Trust Holding Company (GTCO), Wema Bank, Nigerian Breweries, and Nestle Nigeria, among others.