President Bola Tinubu has asked the Central Bank of Nigeria to suspend the implementation of the controversial cybersecurity levy policy and ordered a review. This followed the decision of the House of Representatives, which, last Thursday, asked the CBN to withdraw its circular directing all banks to commence charging a 0.5 per cent cybersecurity levy on all electronic transactions in ... Read More »

Commission says some missions use N1,900 to dollar exchange rate Demands banks’ response to enquiries within 24 hours Foreign Affairs Minister Yusuf Tuggar has written all the foreign missions in the country to comply with the directive of the Economic and Financial Crimes Commission (EFCC) to charge payment for visa and consular services in naira instead of dollar. Tuggar has ... Read More »

The General Manager of the Lagos State Building Control Agency (LASBCA), Arc. Gbolahan Owodunni Oki has reiterated the Lagos State Government zero tolerance stance on illegal construction of extensions and attachments on shops and buildings in any part of the State. Oki disclosed this at a multi-agency enforcement and removal exercise carried out to remove extensions and attachments affixed to ... Read More »

… Advises foreign missions to adopt Nigeria’s regulatory regime in fixing rates Experienced, Reliable, and Professional. Join a regulated broker with a stellar reputation The Economic and Financial Crimes Commission (EFCC) has asked the government to stop foreign missions in Nigeria from charging visa and other consular services in foreign denominations. It has also advised all embassies to adopt Nigeria’s ... Read More »

The Martins Amaewhule-led Rivers Assembly has called on President Bola Ahmed Tinubu to stop what they described as the anti-democratic actions of Governor Siminalayi Fubara. The lawmakers, who held their plenary at the auditorium of the House of Assembly quarters along Aba Road on Friday, decried an alleged autocratic posture of Fubara in the governance of the State. A statement ... Read More »

…court accused lawyer of goading ex-Kogi Governor to ignore order for his appearance Lawyer to the immediate past governor of Kogi State, Yahaya Bello, Abdulwahab Mohammed (SAN) promised on Friday, May 10, that his client would appear in court on June 13 in respect of the 19-count charge money laundering charge filed against him by the Economic and Financial Crimes ... Read More »

A Federal High Court in Abuja has insisted that its order made on April 17, for the arrest and production of ex-governor of Kogi state, Yahaya Bello still subsists. Justice Emeka Nwite, in a ruling on Friday, May 10, held that Bello’s continued refusal to attend court and his frustration with the efforts of the Economic and Financial Crimes Commission ... Read More »

Founder and Chairman of Zenith Bank Plc, Jim Ovia, CFR (Centre) flanked by the Group Managing Director/Chief Executive, Dr. Ebenezer Onyeagwu (Left) and the Deputy Managing Director, Dame (Dr.) Adaora Umeoji, OON (Right) during the 33rd Annual General Meeting of the bank held at The Civic Centre, Victoria Island, Lagos yesterday. Zenith Bank shareholders approve N125.59bn dividend payout Founder and ... Read More »

Nigerian companies have started to settle their overdue dollar obligations, Bloomberg reports. This follows recent reforms implemented by the Central Bank of Nigeria, which have resulted in increased liquidity within the Nigerian foreign exchange market. According to Bloomberg’s findings, major Nigerian companies such as MTN Nigeria Communications Plc, BUA Foods Plc, and Cadbury Schweppes Overseas Limited’s Nigerian arm have confirmed ... Read More »

In line with the disclosure requirements of the Securities and Exchange Commission and the Nigerian Exchange Limited, Access Holdings Plc , Africa’s leading financial services group, has announced the award of 23.8 million ordinary shares to some of its senior executives and executives of Access Bank, its flagship subsidiary. This is in pursuant of the terms of its shareholders approved ... Read More »