There are strong indications that some helicopter operators may refuse to pay the $300 landing fee introduced by the federal government through its concessionaire, NAEBI Dynamic Concepts Limited. A source said some of the operators have voiced concerns about the new fee, noting that they have also indicated interest in joining the Airline Oper...
Nigerian workers under the aegis of The Nigeria Labour Congress (NLC) have rejected the newly introduced cybersecurity levy by the Central Bank of Nigeria, demanding its immediate withdrawal. In a statement by its President, Joe Ajaero, the NLC lamented that the levy is another anti-people policy of the government amid excruciating economic ha...
•House of Representatives Dangote Cement, BUA, IBETO and other stakeholders have been given a 14-day ultimatum to appear before the House of Representatives Joint Committee to clear the air over the increase in cement price in the country. This followed the failure of the companies and others to appear at its investigative hearing today, repor...
•A Point-of-Sales (PoS) machine The Central Bank Of Nigeria (CBN) has issued a July 7, 2024 deadline for Point of Sales (PoS) operators to complete registration with the Corporate Affairs Corporation (CAC). This was revealed during a meeting between Fintechs and the Registrar-General/Chief Executive Officer (CAC) Hussaini Magaji (SAN) in Abuja...
The Central Bank of Nigeria (CBN) has ordered all banks to start charging a 0.5 percent cybersecurity levy on all electronic transactions within the country, excluding 16 listed banking deals. The levy shall be applied at the point of electronic transfer origination, then deducted and remitted by the financial institution. The deducted amount ...
In pursuit of securing a new $750m loan from the World Bank, the federal government may reintroduce previously suspended telecom tax and other fiscal measures. This is according to the Stakeholder Engagement Plan for Nigeria – Accelerating Resource Mobilisation Reforms programme between Nigeria and the World Bank, reports The PUNCH. A copy of ...
•CBN Governor Yemi Cardoso The Central Bank of Nigeria (CBN) has directed deposit money banks in the country to start charging 0.5% cybersecurity levy on transactions. This was contained in a circular dated yesterday, Monday May 6, 2024 by the apex bank to all commercial, merchant, non-interest and payment service banks as well as mobile [&hel...
Graduates of Itsekiri, Ijaw and Ilaje ethnic nationalities in Delta and Ondo states, have threatened to shut down operations of Chevron Nigeria Limited (CNL), in 21 days over alleged “gross marginalisation and oppression” of its host communities. Under the auspices of National Association of Itsekiri Graduates (NAIG), (KOMBOT) – Egbema and Gba...
Zenith Bank Plc has announced its unaudited results for the first quarter ended March 31, 2024, with an impressive triple-digit growth of 189% in Gross Earnings, from ₦270 billion reported in Q1 2023 to ₦781 billion in Q1 2024. This is despite the challenging operating environment and tightening monetary policy stance. The Frontier reports tha...