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NITDA Urges Nigerians to Take Charge of Their Online Safety This Cybersecurity Awareness Month

October 6, 2025

NITDA Empowers Startup Voices: New Representatives Elected to Shape Nigeria’s Innovation Future

October 6, 2025

MENXTT NG Partners with Kecaam Technologies to Deliver Laptops and Tablets with Pre-Installed Bitdefender Antivirus

October 6, 2025

NITDA, NCS Champion Unified Front to Drive Nigeria’s Digital Transformation

October 4, 2025

NITDA Equips Legal Officers with Strategic Skills for Effective IT Contract Management

October 4, 2025

Nigeria Positions Itself as a Global AI Powerhouse: NITDA DG Reaffirms Commitment to Inclusive Innovation

October 4, 2025

Nigeria’s Digital Future Gets a Watchdog as NITDA and ICPC Form Joint Task Force to Clean Up IT Projects

October 4, 2025

CyberSafe Foundation Opens Doors Wider with Global Call for Women in API Security Training

October 2, 2025

NITDA Pushes for Green Tech Adoption to Drive Nigeria’s Digital Economy

September 30, 2025

NITDA DG Calls for Digital Transformation in Nigeria’s Construction Industry

September 30, 2025

3MTT Lights the Path: How Abubakar Muktar Found His Future in Tech

September 29, 2025

NITDA–JICA Partnership Accelerates Growth of Nigeria’s Startup Ecosystem

September 27, 2025
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CBN’s New Cash Withdrawal Limits Trigger Fee Hikes Among Lagos POS Agents
BANKING News

CBN’s New Cash Withdrawal Limits Trigger Fee Hikes Among Lagos POS Agents

Ugochi Emmanuel December 20, 2024

The Central Bank of Nigeria’s (CBN) directive limiting cash disbursement is causing ripples among Point of Sale (POS) agents in Lagos, many of whom are raising withdrawal fees to cope with the changes. The directive, issued on Tuesday, imposes a daily transaction limit of ₦1.2 million for each POS agent […]

CBN Confirms Old and Redesigned Naira Notes Remain Legal Tender
BANKING News

CBN Confirms Old and Redesigned Naira Notes Remain Legal Tender

Ugochi Emmanuel December 18, 2024

The Central Bank of Nigeria (CBN) has reaffirmed that the old and redesigned N1000, N500, and N200 banknotes will remain in circulation indefinitely and continue to serve as legal tender alongside the newer versions. In a statement issued by Mrs. Sidi Hakama, Acting Director of Corporate Communications, the CBN emphasized […]

IFC, CBN Ink Agreement to Drive Naira-Based Funding for Nigerian Businesses and Economic Growth
FINANCE News

IFC, CBN Ink Agreement to Drive Naira-Based Funding for Nigerian Businesses and Economic Growth

Ugochi Emmanuel October 28, 2024

The International Finance Corporation (IFC), an affiliate of the World Bank Group, has entered into a strategic partnership with the Central Bank of Nigeria (CBN) to expand access to local currency financing for Nigeria’s private sector. This agreement aims to meet a pressing demand for naira-based funding in sectors pivotal […]

CBN Announces OPay, Moniepoint, and Other Payment Platforms Set to Resume New Customer Registrations
BANKING FINTECH News

CBN Announces OPay, Moniepoint, and Other Payment Platforms Set to Resume New Customer Registrations

Ugochi Emmanuel May 21, 2024

The Central Bank of Nigeria (CBN) has announced the imminent resumption of new customer enrollment for mobile money operators, including prominent fintech firms such as OPay, Palmpay, Kuda Bank, and Moniepoint. CBN Governor Olayemi Cardoso disclosed this during the 295th Monetary Policy Committee (MPC) meeting held in Abuja on Tuesday. […]

Central Bank of Nigeria Implements Modest 150 Basis Point Interest Rate Increase
BANKING News

Central Bank of Nigeria Implements Modest 150 Basis Point Interest Rate Increase

Ugochi Emmanuel May 21, 2024

The Monetary Policy Committee decided to increase interest rates by 150 basis points, raising them from 24.75% to 26.25%. This move, albeit moderate, contrasts with the more aggressive rate hikes witnessed in February and March. The decision reflects a consensus that additional time is required for the earlier rate adjustments […]

CBN Announces Official Withdrawal of Cybersecurity Levy
BANKING FINTECH News

CBN Announces Official Withdrawal of Cybersecurity Levy

Ugochi Emmanuel May 20, 2024

Nigeria’s central bank has reversed its decision to implement a contentious 0.5% cybersecurity levy on electronic transfers just three days prior to its scheduled enforcement. The revision comes following an amendment to the Cybersecurity Act in 2024, which expanded the levy’s coverage to include fintechs, payment service providers, and other […]

Customs Raises Import Duty FX Rate to N1,441 per Dollar
Economy News

Customs Raises Import Duty FX Rate to N1,441 per Dollar

Ugochi Emmanuel May 3, 2024

The Nigeria Customs Service (NCS) has hiked the foreign exchange (FX) rate for import duties to N1,441.58 per dollar, marking a 4.94 percent increase compared to the previous rate of N1,373.64/$ set on May 1. This adjustment was noted by customs officials last Friday on the federal government’s single window […]

Naira Slides Further Against Dollar as Official Market Records Exchange Rate of N1,308.52
BUSINESS Crime watch Economy News

Naira Slides Further Against Dollar as Official Market Records Exchange Rate of N1,308.52

Ugochi Emmanuel April 25, 2024

The Nigerian naira witnessed a continued depreciation on Wednesday, trading at N1,308.52 against the dollar at the official market. Data sourced from the FMDQ Exchange, the regulatory body overseeing the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed a significant drop of N8.37 in the value of the naira, representing a […]

EFCC Files Fresh Charges Against Former CBN Governor Godwin Emefiele Over Alleged Financial Misconduct
Crime watch News

EFCC Files Fresh Charges Against Former CBN Governor Godwin Emefiele Over Alleged Financial Misconduct

Ugochi Emmanuel April 24, 2024

The Economic and Financial Crimes Commission (EFCC) has intensified its legal battle against the embattled former governor of the Central Bank of Nigeria, Godwin Emefiele, by lodging a new charge at the High Court of the Federal Capital Territory. The latest accusation alleges that Emefiele authorized the printing of N684,590,000 […]

CBN Governor Takes Bold Stance on Reserve Defense at IMF/World Bank Meetings
BANKING Economy News

CBN Governor Takes Bold Stance on Reserve Defense at IMF/World Bank Meetings

Ugochi Emmanuel April 18, 2024

At the ongoing Spring Meetings of the International Monetary Fund (IMF)/World Bank in Washington DC, the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, made a statement emphasizing the bank’s stance on defending the naira. In a departure from past practices, Cardoso clarified that it is not the […]

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  • NITDA Empowers Startup Voices: New Representatives Elected to Shape Nigeria’s Innovation Future October 6, 2025
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NITDA Urges Nigerians to Take Charge of Their Online Safety This Cybersecurity Awareness Month

NITDA Empowers Startup Voices: New Representatives Elected to Shape Nigeria’s Innovation Future

MENXTT NG Partners with Kecaam Technologies to Deliver Laptops and Tablets with Pre-Installed Bitdefender Antivirus

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