The House of Representatives has stepped down a motion calling for the suspension of the cybersecurity levy which has elicited negative reactions from Nigerians. Honourable Manu Soro, who moved a motion on the floor of the house on Wednesday, had explained that the levy was coming at the wrong time, considering the current living conditions … [Read more…]
The attention of the leadership of the Peoples Democratic Party (PDP) @OfficialPDPNig has been drawn to a delusional declaration by the Chairman of the All Progressives Congress (APC) @OfficialAPCNg in Rivers State, Mr. Tony Okocha wherein he issued a hallucinatory directive that an impeachment proceeding be commenced against the democratically elected Governor of Rivers State, … [Read more…]
The Central Bank of Nigeria has published an extensive roster of authorized Deposit Money Banks functioning within the nation. The roster, disclosed on the CBN’s official website on Tuesday, offers a glimpse into Nigeria’s banking sector. Banks with international authorisation include: Access Bank Limited Fidelity Bank Plc First City Monument Bank Limited First Bank Nigeria … [Read more…]
The Chairman/CEO of Chisco Transport, Chief Chidi Anyaegbu, has commended the Dr. Peter Mbah Administration in Enugu State for its effort to reposition the transport and logistics sector in the state, including the administration’s plans to build modern transport interchanges or bus stations in various parts of the state, stressing that “transport is life.” Anyaegbu … [Read more…]
The presidential candidate of the Labour Party (LP) in the 2023 general elections, Mr Peter Obi, has berated the President Bola Tinubu-led government for the imposition of the cybersecurity levy on Nigerians. He said on Wednesday in a series of posts on his X handle that the government was only interested in milking a dying … [Read more…]
The Central Bank Of Nigeria (CBN) has issued a July 7, 2024 deadline for Point of Sales (PoS) operators to complete registration with the Corporate Affairs Corporation (CAC). This was revealed during a meeting between Fintechs and the Registrar-General/Chief Executive Officer (CAC) Hussaini Magaji (SAN) in Abuja on Tuesday. Speaking at the event, the CAC … [Read more…]
The Minister of Works, Engr. Dave Umahi has tackled Nigeria’s former Vice President and 2023 PDP presidential candidate, Alhaji Atiku Abubakar over his criticism of the Lagos-Calabar coastal highway project. In a press release signed by the Special Adviser to the Minister of Works on Media, Barr. Orji Uchenna Orji, and made available to Pacesetter, … [Read more…]
The Central Bank of Nigeria (CBN) has directed deposit money banks in the country to start charging 0.5% cybersecurity levy on transactions. This was contained in a circular dated May 6, 2024 by the apex bank to all commercial, merchant, non-interest and payment service banks as well as mobile money operators and payment service providers. … [Read more…]
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 … [Read more…]
The Presidency, on Monday, tackled former Vice President Atiku Abubakar over his claim of conflict of interest in the award of the Lagos-Calabar coastal highway by the Federal Government. Atiku, in a statement on Sunday, claimed that the road project was awarded to Hitech Construction Company because the owner of the firm, Gilbert Chagoury, had … [Read more…]
…Property owners get temporary locations, right of first refusal on completion Ahead of the commencement of construction of a new and modern transport Interchange (bus terminal) at Market Road, Enugu (Enugu Central Station), popularly known as Holy Ghost, the leaser of properties at the site will, from Tuesday, start receiving their compensations as agreed with … [Read more…]
Nigeria’s electricity distribution companies (DisCos), on Monday, announced the downward review of electricity tariffs for Band A customers. The downward review takes effect from 6 May, some of the nation’s distribution companies disclosed in statements posted on their X handles on Monday. Last month, the Nigerian Electricity Regulatory Commission (NERC) ordered the immediate upward review of … [Read more…]