CBN Governor Cardoso has said the CBN will maintain its high interest rates to curb Nigeria’s inflation of 33.2%
The post Cardoso Praises CBN’s Strategic FX Management, Says Investors More Comfortable appeared first on Arise News.
Category: Business
KPMG Criticises Timing Of Nigeria’s Cybersecurity Levy Implementation, Says It’s ‘Ill-Timed’ Under Current Economy
KPMG has said that no country can tax itself to prosperity, and higher taxes do not lead to sustainable growth.
The post KPMG Criticises Timing Of Nigeria’s Cybersecurity Levy Implementation, Says It’s ‘Ill-Timed’ Under Current Economy appeared first on Arise News.
Cybercrime Levy Imposed by CBN Simply a Tax To Fund Parastatals, Says Financial Analyst Obi-Chukwu
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.
Jobs at Risk As Microsoft Shuts Down African Development Centre In Lagos
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.
CBN Mandates 0.5% Cybersecurity Levy on Electronic Transactions To Curb Cybercrime
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 Poised To Exit South Africa’s Downstream Unit, To Divest Majority Stake
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.
Food, Beverage West Africa Trade Exhibition To Open In Lagos June
The 5th Food & Beverage West Africa Trade Exhibition will open in Lagos on June 11, 2024, with more than
Antigua and Barbuda Prime Minister Woos Nigerian Investors, Lauds Air Peace
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.
Naira Depreciates To ₦1,365/$ In Parallel Market
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 Orders Fintech Firms OPay, Palmpay, Kuda Bank, Moniepoint To Suspend Onboarding of New Customers
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.