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FG imposes N50 transfer levy on transactions above N10,000 on Opay

FG imposes N50 transfer levy on transactions above N10,000 on Opay

PulseNets has learned that the Federal Government will impose a one-time charge of N50 on electronic transfers exceeding N10,000 made into personal and business...
CBN withdraws circular on 0.5% cybersecurity levy

CBN withdraws circular on 0.5% cybersecurity levy

The Central Bank of Nigeria (CBN) has withdrawn its circular to banks and payment service providers to collect and remit the cybersecurity levy proposed in the...
Cybersecurity levy: 16 Bank transactions exempted from CBN’s new tax

Cybersecurity levy: 16 Bank transactions exempted from CBN’s new tax [LIST]

The Central Bank of Nigeria (CBN) has provided a list of 16 bank transactions that will not attract the new cybersecurity levy. PulseNets earlier reported...
The Central Bank of Nigeria has instructed Nigerian banks to implement a 0.5% cybersecurity levy on all transactions

CBN asks Nigerian banks to charge 0.5% cybersecurity levy on all transactions

The Central Bank of Nigeria has instructed Nigerian banks to implement a 0.5% cybersecurity levy on all transactions Amid the prevailing challenges in Nigeria, deposit...
FG, states, LGs shared N903.480 billion in September: FAAC

FG, states, LGs shared N903.480 billion in September: FAAC

The Federation Account Allocation Committee (FAAC) shared N903.480 billion September 2023 Federation Account Revenue to the federal government, states and Local Government Councils (LGCs). The...
FAAC: FG, States, Local Govts share N1.1 trillion for August

FAAC: FG, States, Local Govts share N1.1 trillion for August

The Federation Account Allocation Committee (FAAC), has shared the sum of N1.1 trillion to the Federal Government, States and Local Government Councils (LGCs) for August. This...
FAAC Shares ₦786 Billion To FG, States, LGs

FAAC Shares ₦786 Billion To FG, States, LGs

The Federation Account Allocation Committee (FAAC) has shared a total sum of N786.161 billion to the federal, state a d Local Governments. It represented their...