Business - Page 116

Naira Falls To N1687 Per Dollar At Official Market

Naira Slips To N1,421/$1 At Official Markets, Analysts Warn Of Lingering FX Instability

The Naira took a slight dip on Wednesday, closing at N1,421/$ at the Nigerian Autonomous Foreign Exchange Market (NAFEM). This marks a 1.27 percent drop from the previous day’s rate of N1,403/$,

Emmanuel Ochayi

7 months ago

CAC Registration: POS Agents Laments As Police Plan Arrest Of Illegal Operators

Business·Latest News

CAC Registration: Mixed Reactions Among PoS Agents As Police Plan Arrest Of Illegal Operators

Point-of-Sale (PoS) agents across Nigeria are voicing their concerns as the Federal Government announces plans to enforce mandatory registration, with the promise of cracking down on illegal operators. The move, aimed at

Emmanuel Ochayi

7 months ago

Forex Crisis Costs Nigeria Over $500m Annually, Importers Warn

Business·Latest News

Forex Crisis: 3 States Govts Seek Suspension of $501m Foreign Debts

State governments in Nigeria are facing the brunt of the foreign exchange (Forex) crisis and are seeking relief from their debt repayment burdens. Ekiti, Cross River, and Ogun states have jointly proposed

Emmanuel Ochayi

7 months ago

Business·Latest News

CBN’s Cybersecurity Levy Sparks Reactions From Nigerians

Nigerians have expressed dissatisfaction with the new cybersecurity levy imposed by the Central Bank of Nigeria on bank customers for electronic transactions.

Jacinta Chisom Oguadinma and Favour Winner

7 months ago

4 Electronic Transaction Levies Nigerians Pay As CBN Introduce Cybersecurity Levy

Business·Latest News

4 Electronic Transaction Levies Nigerians Pay As CBN Introduces Cybersecurity Levy

In the wake of the directive by the Central Bank of Nigeria mandating banks to impose a 0.5% cybersecurity levy on transactions, attention has been drawn to the plethora of other levies

Emmanuel Ochayi

7 months ago

Banks’ Recapitalisation Drives 44% Surge In Nigerian Equities Market

Business·Latest News·Markets

NGX: Equity Market Dips As Investors Face N269bn Loss

The Nigerian Exchange Limited witnessed a decline in the equity market on Tuesday, with the All-Share Index dropping by 0.48%, settling at 98,228.50 points. This downtrend was propelled by losses incurred by

Emmanuel Ochayi

7 months ago

71.4% Of Nigerians Call For Interest Rate Reduction – CBN Survey

Business·Latest News

CBN Suspends Cash Deposit Charges Until September

The Central Bank of Nigeria (CBN) has halted charges on cash deposits until September 30, 2024. In a circular dated May 6, 2024, signed by Adetona Adedeji, the Director of Banking Supervision,

Emmanuel Ochayi

7 months ago

Business·Latest News·Oil & Gas

Shell Paid Over $1bn In Taxes, Royalties To Nigerian Govt In 2023- Report

Shell Nigeria has disclosed that it has paid a sum of $1.09 billion to the Nigerian government in corporate taxes and royalties for the year 2023. These payments, as outlined in the

Emmanuel Ochayi

7 months ago

We’re Not Part Of NLC Planned Nationwide Protest – TUC

Business·Latest News

Why Cybersecurity levy Will Worsen Nigeria’s Hardship-NLC, TUC

Nigeria’s move to introduce a cybersecurity levy by the Central Bank has sparked widespread opposition from various quarters, including Nigerian Labour Unions and bank customers. The levy, aimed at enhancing cybersecurity measures,

Emmanuel Ochayi

7 months ago

Business·Latest News·Markets

EFCC Arrests BDC Operators As Naira trades For 1,416/$1

Operatives from the Economic and Financial Crimes Commission (EFCC) reportedly descended on Bureau De Change (BDC) operators in Wuse Zone 4 market on Tuesday as the naira depreciated to N1,416 to a

Emmanuel Ochayi

7 months ago

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Business - Page 116

Naira Slips To N1,421/$1 At Official Markets, Analysts Warn Of Lingering FX Instability

CAC Registration: Mixed Reactions Among PoS Agents As Police Plan Arrest Of Illegal Operators

Forex Crisis: 3 States Govts Seek Suspension of $501m Foreign Debts

CBN’s Cybersecurity Levy Sparks Reactions From Nigerians

4 Electronic Transaction Levies Nigerians Pay As CBN Introduces Cybersecurity Levy

NGX: Equity Market Dips As Investors Face N269bn Loss

CBN Suspends Cash Deposit Charges Until September

Shell Paid Over $1bn In Taxes, Royalties To Nigerian Govt In 2023- Report

Why Cybersecurity levy Will Worsen Nigeria’s Hardship-NLC, TUC

EFCC Arrests BDC Operators As Naira trades For 1,416/$1

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