NewsReports

•Say FG should suspend it to save businesses from running down •Nigerians differ on levy’s imposition despite 16 exemption Nigerians have continued to be burdened by all manners of taxes, tariffs and levies by the government and service providers with the latest being the introduction of a 0.5 percent cyber security levy by the Central Bank of Nigeria (CBN). The …

The Presidency has announced that President Bola Tinubu and his aides will return to Nigeria from Europe today. Recall that the President travelled for a meeting with the Dutch Prime Minister, Mark Rutte, over two weeks ago, from where he took a trip to Saudi Arabia to attend a special World Economic Forum, WEF. He subsequently travelled to Europe after the summit. …

Edo Government has urged chairmen of local councils to intensify sensitization on the recruitment into the Nigerian Army. Secretary to the State Government, Osariodion Ogie Esq., made the call during a courtesy visit by a team of senior army officers from the Army Headquarters on Sensitization and Advertisement Tour for Nigerian Army Regular Recruitment intake 87, at the Government House, …

Edo State is not utilizing its quota in the Nigerian Army and the state need its sons and daughters to contribute to Nigeria’s national security, Amy Chief, Brig. Gen. Wiito Lucky Nzidu said during the week. General Nzidi made this know when he led a team of senior army officers from the Army Headquarters on Sensitization and Advertisement Tour for …

…Price gap between major marketers and independents widens…Major marketers in B2B transactions Against the backdrop of continued shortages and queues at petrol stations, pump prices are now settling at higher ranges across independent marketers and some major marketers. Vanguard findings in Lagos and Abuja also show that gaps between prices at major marketers’ filling stations and those of independent marketers are …

Gowon stated that Yar’adua had achieved huge milestones for Nigeria in his brief time in office, including providing amnesty to Niger Delta terrorists in order to restore the country’s economy.  A former Head of State, Gen Yakubu Gowon (retd), has claimed that the sudden death of former president, Umaru Musa Yar’adua, was what stopped Nigeria from becoming a better country. …

JERUSALEM — An Israeli tank brigade seized control Tuesday of the Gaza Strip side of the Rafah border crossing with Egypt, authorities said, moving forward with an offensive in the southern city even as cease-fire negotiations with Hamas remain on a knife’s edge. The move comes after hours of whiplash in the Israel-Hamas war, with the militant group on Monday …

The Federal Government, through the Securities and Exchange Commission, is set to delist the naira from all peer-to-peer crypto platforms as the government steps up efforts to tackle exchange rate manipulators and dollar racketeers. The development came against the backdrop of the recent moves by the Federal Government to regulate Nigeria’s crypto market estimated at $57bn. The newly-appointed Director-General of …

Nigeria Labour Congress, NLC, and its Trade Union Congress of Nigeria, TUC, counterpart, have given the Nigerian Electricity Regulatory Commission, NERC, till May 12 to withdraw the recent hike in electricity tariff or face unprecedented industrial action. The ultimatum was issued in a joint letter to the Chairman/Chief Executive Officer, CEO, dated May 3, 2024, and copied to the Secretary to …

The Central Bank of Nigeria on Monday directed banks to begin charging 0.5% cybersecurity levy on transactions. A circular released by the apex bank on Monday said the implementation of the levy would begin two weeks from the day of its announcement. The circular was directed to all commercial, merchant, non-interest and payment service banks. The circular revealed that it was a …