Economy

Mr. Olayemi Cardoso The Central Bank of Nigeria (CBN) has granted approval-in-principle (AIP) to 14 new International money transfer operators (IMTOs) in its bid to double foreign currency remittance flows through formal channels. …
Read More...

Acting SEC DG, Emomotimi Agama The Securities and Exchange Commission (SEC) has vowed to collaborate with the Economic and Financial Crimes Commission (EFCC) to mitigate forex trading manipulations within the virtual space. Acting…
Read More...

Following the naira’s depreciation, the Central Bank of Nigeria has raised the exchange rate for calculating import duty at Nigeria’s ports to N1,457.014 per dollar. The Customs Forex duty rate represents a three-percent hike in the…
Read More...

For the first time, a senior Zimbabwean official has revealed that corruption costs the country nearly $2 billion annually, severely impacting the economy and ordinary citizens. The country’s Prosecutor-General, Loice Matanda-Moyo …
Read More...

Ngozi Okonjo-Iweala The Director General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has called on the Bola Tinubu-led federal government to streamline its taxes and levies. Okonjo-Iweala spoke in Abuja at the…
Read More...

President Bola Tinubu has ordered the Central Bank of Nigeria to suspend the implementation of the controversial cyber Security levy policy. He has also ordered a review of the policy, which Nigerians and financial experts have…
Read More...

The House of Representatives has requested that the Central Bank of Nigeria withdraw a circular that mandates all banks to charge a 0.5% Cyber Security levy on all electronic transactions in the country. The circular has been met…
Read More...

By William Emmanuel Ukpoju In a move to enhance national cybersecurity efforts, the Central Bank of Nigeria (CBN) has announced the introduction of a 0.5% Cyber Security levy on all electronic transactions. The levy, which takes…
Read More...

By William  Emmanuel Ukpoju In a significant move to accelerate Nigeria's economic growth, President Bola Tinubu has commissioned three critical gas infrastructure projects being undertaken by the Nigerian National Petroleum Company…
Read More...

Vice President of the Federal Republic, Senator Kashim Shettima will be speaking on the Tinubu Administration’s Economic and Social Agenda: How it will transform Nigeria at the 2nd Chronicle Roundtable on Thursday, May 2, 2004. The…
Read More...