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Financial Analyst Obi-Chukwu emphasised forex’s crucial role in shaping the naira’s path, urging swift action to strengthen reserves and attract capital.
The post Cybercrime Levy Imposed by CBN Simply a Tax To Fund Parastatals, Says Financial Analyst Obi-Chukwu appeared first on Arise News.
Microsoft has reportedly decided to close its Lagos Innovation centre, decision is likely influenced by Nigeria’s economic reality, sources say.
The post Jobs at Risk As Microsoft Shuts Down African Development Centre In Lagos appeared first on Arise News.
ECBN has ordered the implementation of 0.5% cybersecurity levy on electronic transactions to combat rising cybercrime threats.
The post CBN Mandates 0.5% Cybersecurity Levy on Electronic Transactions To Curb Cybercrime appeared first on Arise News.
Shell is set to sell its majority stake in Shell Downstream South Africa, announcing plans to reshape its downstream portfolio.
The post Shell Poised To Exit South Africa’s Downstream Unit, To Divest Majority Stake appeared first on Arise News.
The 5th Food & Beverage West Africa Trade Exhibition will open in Lagos on June 11, 2024, with more than
PM Browne says his country looks forward to when Air Peace will begin scheduled direct flights into Antigua and Barbuda.
The post Antigua and Barbuda Prime Minister Woos Nigerian Investors, Lauds Air Peace appeared first on Arise News.
The Nigerian currency, the Naira, experienced a significant depreciation yesterday, dropping to ₦1,365 per dollar in the parallel market from ₦1,320 per dollar on Tuesday. Naija News reports that the decline was mirrored in the Nigerian Foreign Exchange Market (NAFEM), where the Naira fell to ₦1,402.67 per dollar, according to data from the Financial Markets […]
The post Naira Depreciates To ₦1,365/$ In Parallel Market appeared first on Naija News.
CBN has directed fintechs OPay, Palmpay, Kuda Bank, and Moniepoint to suspend new customer onboarding until further notice.
The post CBN Orders Fintech Firms OPay, Palmpay, Kuda Bank, Moniepoint To Suspend Onboarding of New Customers appeared first on Arise News.
The Central Bank of Nigeria (CBN) has removed the data which provided a fresh loan of N3.8 trillion in Ways and Means to the federal government from its website. Naija News earlier reported that the Tinubu government took the loan during the second half of 2023 This is according to provisional data published in the […]
The post CBN Removes Report On Fresh ₦3.8 Trillion Loan From Tinubu Govt appeared first on Naija News.
Nigeria has announced plans to establish a groundbreaking $10 billion diaspora fund. The fund aims to attract investments from its substantial overseas population to bolster key sectors such as infrastructure, healthcare, and education. Naija News understands that the initiative, spearheaded by the country’s Ministry of Industry, Trade, and Investment, is designed to tap into the […]
The post Nigeria Unveils $10 Billion Diaspora Fund To Boost Economic Growth appeared first on Naija News.