The Nigerian Economic Summit Group NESG has called for prudent consideration of the cybersecurity levy’s timing and implementation modalities. The Group made its position known in a statement issued Thursday 9th May, 2024. While acknowledging the imperative of enhancing cybersecurity
The Nigeria deposit insurance Corporation NDIC has announced an increase in the maximum deposit insurance coverage levels for all licensed deposit-taking financial institutions with immediate effect. Bello Hassan, Managing Director of the NDIC at a media briefing in Abuja say
President of the Commonwealth Association of Tax Administrators (CATA) and chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has called for increased capacity building to enhance tax administration processes among members of the global body. Adedeji, who made
The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Dr. Musa Adamu Aliyu, SAN has assured the Federal Inland Revenue Service (FIRS) that the Commission will assist the agency in tackling cases of tax evasion and
New financial instruments designed to boost lending capacity and enable the World Bank Group to take on more risk for shared global challenges have received a significant endorsement. A set of 11 countries announced commitments this Friday at the spring
The Federation Account Allocation Committee (FAAC) this Friday shared a total sum of N1.123 trillion March 2024 Federation Account Revenue to the three tiers of government after its April meeting in Abuja. A statement by Bawa Mokwa, Director Press and
The World Bank Group has announced an ambitious plan to support countries in delivering quality, affordable health services to 1.5 billion people by 2030 in what it described as part of a larger global effort to provide a basic standard of care through
Cyberattacks have more than doubled since the pandemic. The International Monetary Fund (IMF) says the financial sector has suffered more than 20,000 attacks in the last two decades, at a cost valued at $12 billion. While companies have historically suffered
The Central Bank of Nigeria (CBN) has again offered for sale $10,000 to BDCs at N1101/$1. CBN in a letter to the President Association of Bureaux De Change Operators of Nigeria (ABCON) said that BDCs are in turn to sell
The Association of Bureaux De Change Operators of Nigeria (ABCON), the umbrella body of all Central Bank of Nigeria (CBN)-Licensed Bureaux De Change (BDCs) in Nigeria has appealed to the Apex Bank to adjust and lower its applicable Exchange Rate
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