NITDA: Enhancing ICT Tools To Combat Crimes By Inyene Ibanga It is no longer news that in Nigeria today, several internet assisted crimes known as cybercrimes are committed daily in various forms, such as fraudulent electronic mails, pornography, identity theft, hacking, cyber harassment, spamming, Automated Teller Machine spoofing, piracy and phishing. Even though this […]
We’ll Pursue Expansion Policies To Fight Recession, Says CBN The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said the bank will pursue expansionary monetary policies to fight recession because the fiscal policy was already constrained. Emefiele said this was necessary to curb the rising inflation and address […]
Nigeria’s Forex Reserves Drop By $47.3m Nigeria’s foreign exchange reserves suffered its first decline in recent weeks at the weekend as dreary global crude oil prices, dollar recovery and domestic pressure on the controlled exchange rate heightened fears of further depreciation in naira. Nigeria’s foreign exchange (forex) reserves dropped by $47.33 million […]
Gombe Plans N2.5bn Business Survival Fund The Gombe State Government says it is currently devising means to cushion the post COVID-19 pandemic, in 2021 budget. The government further revealed that it would earmark N2.5bn loans for small and medium scale enterprises, youths and business women across religious and party affiliations. Disclosing […]
CBN To Restore Fees On National Collateral Registry The Central Bank of Nigeria has said it will restore fees on the National Collateral Registry platform with effect from November 1. It said this in a circular signed by the Director, Financial Policy and Regulation Department, Kelvin Amugo, titled, ‘Restoration of fees on […]
S&D members in the European Parliament’s legal and consumer protection committees have stated their demands for a safer internet for users, ahead of the European Commission’s much-awaited presentation of the new Digital Services Act. The main purpose of this legislation must be to provide the same type of protection both online and offline. Moreover, S&Ds ask that foreign companies based abroad, such as Amazon, fully comply with European consumer laws.
Alex Agius Saliba, S&D negotiator on the Digital Services Act, said:
32 States Not Remitting Workers’ Contributory Pensions – PenCom While five states are regularly funding the accrued rights and Retirement Savings Accounts of their workers under the Contributory Pension Scheme, all the states have backlog of arrears that make retirees to wait for a few years after retirement before they get paid. All […]
Stock Market Extends Weekly Gains By N390bn The Nigerian equity market extended its weekly gains by N390bn last week. The Nigerian Stock Exchange All-Share Index and market capitalisation appreciated by 2.92 per cent to close the week at 26,319.34 basis points and N13.76tn respectively. All other indices finished higher with the exception […]
Real Estate Developers Laud CBN N200bn Intervention Fund The Real Estate Developers Association of Nigeria has praised the Central Bank of Nigeria for its N200bn housing intervention programme targeted at low income earners. According to a statement issued by the association on Sunday, the fund is to fast track the construction of […]
‘Naira Depreciation In Parallel Market To Continue’ Analysts have predicted that the depreciation of the naira in the parallel market will continue due to back-log of unsatisfied demand for dollars. They also cited rising dollar demand owing to increased economic activities due to reduction in COVID-19 induced restrictions. The naira depreciated further […]
