The Federal Government has commenced deduction of N50 electronic levy from transactions made by users of Opay, Moniepoint, and other financial technology companies. A notification from Opay and Moniepoint during the weekend to customers confirmed the development. According to the FinTech banks, the levy collection is in line with the Federal Inland Revenue Service’s recent…
The Central Bank of Nigeria set to retire approximately 1,000 employees by the end of the year, according to reliable sources within its headquarters. The retirement exercise is expected to cost the apex bank over ₦50 billion in severance packages. The CBN Board of Governors, chaired by Olayemi Cardoso, has described the move as part…
The Movement for the Survival of the Ogoni People (MOSOP) has announced its readiness to negotiate a 20% stake in natural resource extraction within Ogoniland with the federal government. This development follows President Bola Ahmed Tinubu’s recent pledge to honor the Ogoni martyrs during the 29th anniversary of their death. In a resolution passed…
President Bola Tinubu is expected to depart France on Monday for Cape Town, South Africa, according to his spokesman, Bayo Onanuga. Onanuga revealed that the president will co-chair the 11th session of the Nigeria-South Africa Bi-National Commission (BNC) alongside South Africa’s President Cyril Ramaphosa. “The presidential BNC, scheduled for Tuesday, December 3, will be preceded…
The (CBN) has introduced revised guidelines for the Nigeria Foreign Exchange Market (NFEM) in an effort to strengthen the governance and transparency of Nigeria’s foreign exchange market. A key feature of these guidelines requires the boards of banks, alongside their Chief Executive Officers (CEOs) and Chief Compliance Officers, to annually attest to the Nigeria FX…
The Federal Competition and Consumer Protection Commission (FCCPC) has announced a comprehensive investigation into complaints against three major players in Nigeria’s banking, telecommunications, and aviation sectors. In a statement released on Sunday, FCCPC’s Director of Corporate Affairs, Ondaje Ijagwu, disclosed that the inquiries will commence on December 3, 4, and 5, targeting Guaranty Trust Bank…
Players and officials of Nigeria Premier Football League (NPFL) club, El-kanemi Warriors were attacked by armed robbers along Jos-Bauchi road on Saturday morning. The team was returning to Maiduguri from Lagos where they lost 2-0 to Ikorodu City in a matchday 14 fixture on Wednesday. According to reports, the attackers left several players and officials…
Former President Olusegun Obasanjo on Saturday made a startling revelation, stating that he was unaware his predecessor in office, General Yakubu Gowon, had pleaded with the late General Sani Abacha not to execute him after he (Obasanjo) was implicated in an attempt to topple the Abacha administration. Gowon had disclosed on Friday, during an interdenominational…
Anambra State Governor, Prof Chukwuma Charles Soludo, CFR, has expressed his administration’s commitment to raising Anambra’s digital tribe. He stated this at the grand finale of the Anambra Innovation Week, 2024, held at the International Convention Centre, Awka. The Governor said that technology and innovation define Anambra’s future, saying that technology is key to his…
Former Head of State, General Yakubu Gowon, has revealed the crucial role he played in saving the life of former President Olusegun Obasanjo. Gowon disclosed that he intervened to prevent the late General Sani Abacha from executing Obasanjo over the 1995 phantom coup plot. Speaking at the Interdenominational Unity Christmas Carol and Praise Festival in…
