Economy

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Federal Government Plans Fresh Audit of N2.7tn Subsidy Debt

The Federal Government of Nigeria has announced its intention to launch a new audit to evaluate the N2.7tn fuel subsidy claim made by the...

Exemptions Revealed: 16 Banking Transactions Spared from CBN’s New Cybersecurity Levy

The Central Bank of Nigeria (CBN) has recently instructed all banks to implement a 0.5 percent cybersecurity levy on electronic transactions carried out within...

Nigerians Face Multiple Levies on Electronic Transactions

The Central Bank of Nigeria has implemented Cybersecurity Levy on Transactions. In a recent circular, the Central Bank of Nigeria has mandated banks operating within...

Ikeja DisCo Reduces Band A Tariff to N206.80/kWh

In a recent development, the Ikeja Electricity Distribution Company (IKEDC) has announced a significant reduction in the tariff payable by its Band A customers. The...

Akwa Ibom State Government Grants N400 Million to Physically Challenged Entrepreneur and Others

Akwa Ibom State Government has awarded a N400 million business grant to Mr. Jones Okon Akpan, a physically challenged entrepreneur, and 779 other beneficiaries...
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