Earnwell Microfinance Bank Salutes Ambassador Tochil Godwin Nwaneri @ 50

There is pomp and pageantry as Ambassador Tochil Godwin Nwaneri Ph.D, a renouned philanthropist, Clocks 50 on Saturday, July 6, 2024. Caption: Ambassador Tochil Godwin Nwaneri Ph.D clocks 50 Mr. Nwaneri, an Imo born entrepreneur who has a track record of excellence in

CBN Raises Import Duty Rate Again After Naira’s Crash Against Dollar

Following the naira’s depreciation, the Central Bank of Nigeria has raised the exchange rate for calculating import duty at Nigeria’s ports to N1,457.014 per dollar. The Customs Forex duty rate represents a three-percent hike in the rate of each dollar needed to clear

Top Ten African Currencies Compared To US Dollar

Africa is the world’s second-largest and second-most populous continent, known for its diverse cultures, landscapes, and wildlife.  It’s home to some of the oldest civilisations, stunning natural wonders like the Sahara Desert and Victoria Falls, and a rich tapestry of languages and traditions. 

UK Escapes Recession With Fastest Growth In Almost Three Years

The U.K. economy has emerged from recession as gross domestic product rose 0.6% in the first quarter, official figures showed Friday, beating expectations. Economists polled by Reuters had forecast growth of 0.4% on the previous three months of the year. The U.K. entered a shallow

IMF Appeals To Nigeria To Regulate Crypto Trading Platforms

The International Monetary Fund has advised Nigeria to ask global crypto trading platforms to register or obtain licenses to operate in the country, subjecting them to regulatory requirements. This recommendation was made in the IMF’s latest staff report, released on Thursday, following the

Cybersecurity Levy: Intent, Timing Right, But Strategic Communication Lacking – Ex-Lawmaker

A former member of the House of Representatives, Aliyu Gebi, has shared insights on the recent directive from the Central Bank of Nigeria requiring banks to start deducting cybersecurity levy on transactions. The CBN had on Tuesday announced that a 0.5 per cent

Cybersecurity Levy: Nigerian Govt To Rake In Between N3trn, N7tn Yearly – CPPE

The Centre for the Promotion of Private Enterprise, CPPE, says the Nigerian federal government will rake in between N3 trillion and N7.75 trillion in one year with its recently introduced cybersecurity levy of 0.5 per cent on electronic banking transactions. The Director of