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SolaceBase Data: Here is what Kano got from FAAC in 3 months
By Aminu Abubakar
A data review by SolaceBase has shown that in the three months period between December 2023 and February 2024, Kano state received N41 billion as federation accounts committee allocation.
The review also shows that!-->!-->!-->!-->!-->…
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Stop electricity subsidy now- IMF urges FG
The International Monetary Fund (IMF) has warned the Nigerian government to remove what it called implicit fuel and electricity subsidies.
In a report published recently by the IMF, the organisation told Nigeria that the subsidies would!-->!-->!-->…
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Money Laundering: Canada fines Binance $4.38m
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has fined Binance, a popular cryptocurrency platform, “$6 million for violating the country’s money laundering and terrorist financing laws”.
According to!-->!-->!-->…
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Naira further depreciates as dollar hits N1,510
The depreciation of the naira continued over the weekend as the currency traded at N1,510 to a dollar at the parallel market and 1,466.31 at the official market.
The dollar-to-naira exchange rate increased by N40 between Thursday and!-->!-->!-->…
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University don advocates tax relief for MSMEs to boost Nigerian economy
An Accounting Professor, Kabiru Isa Dandago has advocated the removal of taxes on Micro, Small, and Medium Enterprises (MSMEs) to foster their growth and bolster Nigeria’s economy.
Dandago, a senior lecturer with Bayero University Kano!-->!-->!-->…
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First Bank appoints new Chairman as Hassan-Odukale exits
FBN Holdings Plc has announced the exit of Mr Tunde Hassan-Odukale as Chairman of its subsidiary, First Bank of Nigeria Ltd., following the completion of his tenure.
Consequently, the Board of First Bank appointed Mr Ebenezer Olufowose,!-->!-->!-->…
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Stop implementation of cyber security levy- Reps urge CBN
The House of Representatives has urged the Central Bank of Nigeria (CBN) to halt the proposed implementation of the cyber security levy.
The resolution followed a motion of urgent public importance by Rep. Kingsley Chinda (PDP-Rivers),!-->!-->!-->…
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PoS operators decry CAC mandatory registration, threaten to increase transaction charges
Some point-of-sale operators in Abuja have condemned the Corporate Affairs Commission, CAC's directive that PoS agents register their businesses.
The CAC issued a two-month registration deadline on Monday for PoS operators to register!-->!-->!-->…
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FULL LIST: CBN releases list of licensed Deposit Money Banks
The Central Bank of Nigeria (CBN) has released a comprehensive list of licensed Deposit Money Banks operating within the country.
The list, which was made public on the CBN’s official website on Tuesday, provides insights into the!-->!-->!-->…
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CBN directs banks to suspend charges on deposits
The Central Bank of Nigeria (CBN) has suspended charges on cash deposits until September 30, 2024.
The apex bank disclosed this in a circular dated May 6, 2024, signed by Adetona Adedeji, CBN’s director of banking supervision.
On May!-->!-->!-->!-->!-->…
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