Economy

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CBN Lowers Cybersecurity Levy to 0.005% on Electronic Transactions

The Central Bank of Nigeria (CBN) has announced a significant reduction in the cybersecurity levy on electronic transactions, lowering it from 0.5% to 0.005%...

Employers Paying Below N70,000 Face Legal Consequences, Warns Federal Government

The Federal Government has issued a stern warning to private sector employers regarding compliance with the newly established N70,000 minimum wage, stating that any...

N950/Litre Dangote Petrol Could Lead to Increased Importation, Say Marketers

Oil marketers are expressing concerns that the recently announced price of N950 per litre for petrol produced by the Dangote Petroleum Refinery may prompt...

Nigeria’s Energy Crisis: NNPCL, Dangote Dispute Petrol Price

  Fuel Crisis Escalates: NNPCL and Dangote Clash Over Petrol Pricing A pricing dispute between NNPCL and Dangote Refinery has worsened Nigeria's fuel crisis. Trucks sit...

Bill Gates: Nigeria’s Economy Stagnates, Urges Focus on Healthcare

American billionaire and philanthropist Bill Gates stated on Wednesday that Nigeria’s economy has stagnated, highlighting that the country’s revenue-to-GDP ratio was more favorable 15...
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