CBN to withdraw ambiguous 0.5 per cent cybersecurity levy
Members of the House of Representatives have asked the Central Bank of Nigeria (CBN) to withdraw the circular directing financial institutions to commence implementation of the 0.5 per cent cybersecurity levy According to the Green House, the CBN is to withdraw the initial circular, describing it as “ambiguous”, and “issue a more understandable one”. Honourable […]
Senate okays the Death Penalty for Drug Traffickers
The Senate has approved the death sentence as penalty for drug traffickers in the country, as it passes through the third reading, the 2024 NDLEA Act (Amendment) Bill. The proposal was adopted today when the Senate dissolved into a clause-by-clause consideration of a report from Senator Tahir Munguno, Chairman of the Committees on Judiciary, Human […]
TUC Threatens Nationwide Shutdown over Cybersecurity Levy
The Trade Union Congress (TUC) has threatened to shut down Nigeria’s economy if the Federal Government fails to reverse the cybersecurity levy introduced by the Central Bank of Nigeria. Reacting to the directive from the CBN to commercial banks and other financial institutions, the congress in a statement today signed by its president, Festus Osifo, […]
FG to inaugurate Funtua Inland Dry Port in Katsina State
The Federal Government has concluded plans to inaugurate the Funtua Inland Dry Port in Katsina State. In a statement, the Assistant Director, Public Relations Unit of the Nigerian Shippers Council, Rebecca Adamu, said the dry port would be opened by President Bola Tinubu at the Funtua IDP project site, with the inauguration billed for Thursday […]
NNPC cautions against Panic buying of petrol, assures of availability and supply
The Nigerian National Petroleum Company (NNPC) Limited has once again urged motorists to refrain from panic buying of Premium Motor Spirit (PMS), also known as petrol. This comes as the nationwide supply and distribution of the product continues to improve. Its Chief Corporate Communications Officer, Olufemi Soneye, in a statement said the queues at filling […]
NLC rejects CBN directive on electronic transfer levy
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. Its President, Joe Ajaero, stated the NLC position in a statement on Tuesday in reaction to a recent circular issued by the CBN, mandating banks and payment service […]
GOVERNOR SANWO-OLU INTERVENTION REDUCED NUMBER OF DEMOLISHED HOUSES AT MENDE ESTATE IN MARYLAND
By: AYO Agbeoluwaye The Lagos State Ministry of Environment have urges members to Carry out due diligence from relevant ministries and agencies before the procurement of landed properties in the state and especially when it’s close to canal. The SA to Lagos state governor on environment Hon. Kunle Rotimi stated this when he appeared as […]
FG ready for Made-In-Nigeria Vehicle Production In 2024
The Minister of Industry, Trade and Investment, Doris Uzoka-Anite, says Nigeria is ready to commence local automobile manufacturing before the end of the year. At the African Association of Automotive Manufacturers and the Nigerian Automative Manufacturers Association’s meeting in Abuja, Uzoka-Anite said funds to grow the nation’s automotive industry have been made available to local […]
Nigeria reduces Band ‘A’ electricity tariff to N206.80 /Kwh
The Nigerian Electricity Regulatory Commission (NERC) has ordered the System Operator at the Transmission Company of Nigeria, to cap power supply to cross-border customers in Benin Republic, Niger, and Togo to six per cent. The directive to be in effect for six months subject to review, is outlined in a document which stipulates that power […]
FG to utilise the potentials of satellite technology
The Federal Government says it will fully utilise potentials of the satellite technology by harnessing its benefits to advance national development. Minister of Aviation and Aerospace Technology, Festus Keyamo, who stated this at the inauguration of the 28th Meeting of the AFI Satellite Network Management Committee (SNMC), on Monday in Abuja, affirmed that satellite technology […]
