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No plans to access workers' pensions illegally - Minister

Nigeria, May 17 -- Nigeria's Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says the government has no plan to unlawfully access workers' hard-earned savings and pension cont... Read More


CBN approves 14 new IMTOs to boost remittances

Nigeria, May 16 -- The Central Bank of Nigeria (CBN) on Wednesday said that it has granted Approval-in-Principle (AIP) to 14 new International Money Transfer Operators (IMTOs) to enhance remittances. ... Read More


CBN appoints agents for oil, gas export monitoring

Nigeria, May 15 -- The Central Bank of Nigeria (CBN) has selected 11 pre-shipment monitoring and evaluation agents for overseeing oil and gas exports. The appointments, effective immediately, were di... Read More


Nigerian govt announces suspension of 0.5% cybersecurity levy

Nigeria, May 15 -- The Nigerian government on Tuesday announced the suspension of the proposed cybersecurity levy following widespread public outcry. The Central Bank of Nigeria (CBN) had earlier iss... Read More


IMF speaks on regulation of global crypto platforms in Nigeria

Nigeria, May 11 -- The International Monetary Fund (IMF) has advised the Nigerian government to enforce regulations on global cryptocurrency trading platforms in the country. The IMF suggested that t... Read More


NESG speaks on cybersecurity levy amid cost of living crisis

Nigeria, May 10 -- The Nigerian Economic Summit Group (NESG) on Thursday expressed concerns about the timing of the recently introduced 0.5 per cent cybersecurity levy on electronic transactions by th... Read More


CAC directs POS operators to register businesses

Nigeria, May 8 -- The Corporate Affairs Commission on Monday mandated all Point of Sales (PoS) agents of major financial technology companies in Nigeria to register their businesses. The Registrar-Ge... Read More


Nigerians react to new 0.5% cybersecurity levy

Nigeria, May 8 -- The introduction of the 0.5 per cent cybersecurity levy on all banking transactions has sparked widespread discontent among Nigerians. On Monday, the Central Bank of Nigeria (CBN) i... Read More


Binance CEO expresses concern over detention of top official by Nigerian govt

Nigeria, May 8 -- The CEO of global cryptocurrency exchange platform Binance, Richard Teng, on Tuesday expressed deep concern over the Nigerian government's decision to detain one of its employees. I... Read More


16 banking transactions exempted from cybersecurity levy (FULL LIST)

Nigeria, May 7 -- Following the announcement of the implementation of the cybersecurity levy on transactions, the Central Bank of Nigeria on Monday listed transactions granted exemption from the levy.... Read More