In accordance to a circular by the Central Bank of Nigeria (CBN), Nigerian banks will begin deducting a 0.5% cybersecurity levy on customers’ transactions. The circular was issued by the CBN on Monday, May 6, 2024, and directed to all commercial, merchant, non-interest, and payment service banks, among others. “Deductions shall commence within two weeks […]
How Did The Ban On Naira Spray Start? 1980s I attended a party at the official residence of a very senior government official in 1985 or ’86. When it was time for the dance, the MC announced that there would be no spraying because spraying was not allowed. I thought that I understood why. My […]
Access Holdings Plc Board of Directors has formally announced the passing of its founding Group Chief Executive Officer (GCEO) and former Group Managing Director (GMD) of its flagship subsidiary, Access Bank Plc, Herbert Wigwe, alongside his wife and son, on Friday, February 9, 2024, in a helicopter accident in the United States of America. In […]
Forbes has released top list of richest people in Africa and the world. According to Forbes’ list of Africa’s top 20 richest people, the fortunes of Africa’s wealthiest people rebounded slightly in the past 12 months, reversing the decline in their fortunes from a year ago, though they were still off their all-time highs. The […]
Richest Nigerian in the United States (US). Richest Immigrant in the United States (US). Tope Awotona has been named the richest Nigerian and immigrant residing in the United States of America by Forbes. The 42-year-old who was born in Lagos, Nigeria, and relocated to the US during his teenage years, is the founder and CEO […]
Federal Government — Budget of Renewed Hope Abia — Budget of New Beginning Adamawa — Budget of Re-engineering Akwa Ibom — Arise Budget for Growth and Expansion Anambra — Budget of Changing Gears Bauchi — Budget of Consolidation & Renewed Focus Bayelsa — Budget of Sustainable and Shared Prosperity Benue — Budget of Infrastructure, Development, […]
The senate has approved President Muhammadu Buhari’s $22.7 billion loan request — years after it was rejected by the previous assembly. At its plenary session on Thursday, the upper legislative chamber approved the 2016-2018 external borrowing plan which the president said would be used for critical projects across the country. TheCable understands Nigeria’s public debt […]