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Business & Economy
CBN starts collection of controversial cybersecurity levy on transactions
Maureen Aguta
The Central Bank of Nigeria (CBN), has confirmed the enforcement of the controversial cybercrime levy at 0.005 per cent on all electronic transactions under its new guidelines for the 2024-2025 fiscal…
Enugu palm products firm boosted with N100bn investment
Joseph Irikefe
Governor of Enugu State, Dr. Peter Mbah, Thursday, performed the formal flag-off of the revitalisation of the Enugu United Palm Products Limited (EUPPL).
The flag-off, which took place at Ibite-Olo,…
Trade Barriers: Minister, SON task stakeholders on collaboration to tackle obstacles
Maureen Aguta
Worried by the growing barriers to trade, the Minister of Industry, Trade and Investments, Doris Uzoka-Anite and the Director-General of the Standards Organisation of Nigeria (SON), Dr Ifeanyi Okeke has…
FIRS’s N50 transfer levy on OPay transactions above N10, 000 takes off
According to the notice, it will take effect from September 9, 2024, stating that the charge is not a source of revenue for the online payment platform but is part of requirements from the government.
Hardship: Over 8 million small businesses shut down in Nigeria, says ASBON
Nigeria has been suffering from rising inflation. More recently, the prices of petrol were hiked across the country, going for as high as N1200 per litre in some parts, worsening the hardships faced by Nigerians.
Amid widespread hardship, Presidential tax committee proposes law to increase VAT to 10%
Maureen Aguta
Chairman Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, says the committee is proposing a law to the National Assembly to increase valued added tax from the current 7.5 per…
Hardship: Nigerians to spend more on food, household items in next 6 months –CBN
Joseph Irikefe
A survey conducted by the Central Bank of Nigeria (CBN) has unveiled startling projections regarding the allocation of Nigerian households' income over the forthcoming six-month period.
The study's…
SON soars in PEBEC 2024 mid-year compliance report
Maureen Aguta
The Standards Organisation of Nigeria (SON) has been ranked as one of the top government's agencies for its compliance and consistency with laid down procedures for efficient public service delivery.
This…
Building collapse: SON calls for stricter regulation, increased collaboration to address…
Maureen Aguta
The Director General and Chief Executive of the Standards Organisation of Nigeria (Standards Organisation of Nigeria (SON) has reiterated the need for a comprehensive approach to building collapses in…
Economic hardship: Muda Yusuf urges presidency to peg Customs duty exchange rate at N1000/$
Joseph Irikefe
The Centre for the Promotion of Private Enterprise (CPPE) has appealed to the presidency to peg the customs duty exchange rate at N1000/$ for the next six months in the first instance through an…