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The Central Bank of Nigeria, CBN, has confirmed the enforcement of the controversial cybercrime levy at 0.005 percent on all electronic transactions under its new guidelines for the 2024-2025 fiscal year. The Apex Bank which disclosed this in its recently released Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for Fiscal Years 2024-2025, reaffirmed its commitment to mandating banks and other financial institutions to deduct the levy from all electronic […]

The office of the Accountant General of the Federation  says a total of ₦1.203 trillion August 2024 federation accounts revenue has been shared amongst the Federal Government, states, and local government councils in the country.  The Federation Accounts Allocation Committee (FAAC) spokesperson for the Accountant General of the Federation, BAWA MOKWA,  revealed that the revenue was shared at the September 2024 meeting of FAAC held in Abuja and chaired by the Minister of Finance and Coordinating […]

President BOLA TINUBU has denied askingYEMI CARDOSO to resign from his position as the Governor of the Central Bank of Nigeria (CBN). A report had claimed that President TINUBU,before departing for China issued a directive to CARDOSO, telling him to resign, despite efforts by influential Yoruba leaders to keep him in the position.  But the Special Adviser to the President on Information and Strategy, BAYO ONANUGA, who took to his official X handle, described the report as all lies, […]