Here’s a full list of bank transaction taxes in Nigeria as approved by the Central Bank of Nigeria CYBERSECURITY LEVY: SENDERS now bear; ₦5 on ₦1,000 ₦50 on ₦10,000 ₦500 on ₦100,000 ₦5,000 on ₦1,000,000 ₦50,000 on ₦10,000,000 STAMP DUTY: RECEIVERS bear; ₦50 on ₦10,000 ₦50 on ₦100,000 ₦50 on ₦1,000,000 ₦50 on ₦10,000,000 TRANSFER […]
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 […]
Nigeria ranks 109th out of the 125 countries in the 2023 Global Hunger Index. With a score of 28.3 points, Nigeria has a level of hunger that is serious, according to the GHI. The report GHI published on its website showed that Nigeria is only ahead of Zambia, India, Timo-Leste, Mozambique, Afghanistan, Haiti, Sierra Leone, […]
Nigeria Police Force Begins 2024 Recruitment Nationwide 2024 Recruitment Into Nigeria Police Force Begins Nationwide Recruitment of Nigerians into the Constable Cadre of the Nigeria Police Force commences Monday, January 8th 2024, throughout the federation with physical and credential screening of successful applicants after six weeks period for receiving of applications in line with the […]
Nigerian Navy Recruitment 2024 (NNBTS BATCH 36) The Nigerian Navy batch 36 recruitment is currently ongoing, and applications are hereby invited from suitably qualified Nigerians for recruitment into the Nigerian Navy through the Nigerian Navy Basic Training School (NNBTS BATCH 36). Nigeria Navy University: Admiralty University of Nigeria (ADUN) – Things To Know Applications are […]