The Central Bank of Nigeria (CBN) has retracted its directive for banks and payment service providers to collect and remit the proposed 0.5% cybersecurity levy outlined in the Cybercrime Prevention and Prohibition Amendment Act of 2024. This decision was communicated through a revised circular dated May 17, which the CBN released on Monday, 20th May,…
The United States extends its heartfelt condolences following the tragic deaths of Iranian President Ebrahim Raisi, Foreign Minister Hossein Amir-Abdollahian, and other members of their delegation, who perished in a helicopter crash in northwest Iran yesterday. The US mourns this profound loss and expresses deep sympathy for the families and citizens affected by this unfortunate…
The prosecutor of the International Criminal Court (ICC), on Monday took significant legal action by filing for arrest warrants against Israeli Prime Minister Benjamin Netanyahu and senior leaders of Hamas, accusing them of severe violations of international law. Prosecutor Karim Khan announced his request for warrants targeting Netanyahu and Israeli Defense Minister Yoav Gallant, citing…
Ed Dwight, the first Black man trained as an astronaut, is set to make history as he prepares to become the oldest person to journey into space at the age of 90. Back in 1961, Dwight had high hopes of becoming the first Black astronaut in space, but his dream was cut short, and he…
Hundreds of protesters marched in Lima, the capital city of Peru on Friday, demanding the repeal of a new law that classifies transgender individuals, among others, as having a mental illness to qualify for health benefits. Approximately 500 demonstrators peacefully traversed the streets of downtown Lima, holding banners with slogans such as “No more stigmas”…
Senator Rufai Sani Hanga, representing the Kano Central Senatorial District in the House of Assembly has explained the motivations behind his Benevolent Contribution to Constituents’ Burial Ceremonies. Senator Hanga has shed light on the driving force behind his altruistic gesture, attributing it to a profound quest for divine mercy, donating a considerable quantity of 2,000 clay…
The Central Bank of Nigeria (CBN) has issued a directive instructing banks and various financial institutions to apply a 0.5 percent levy on electronic transfers for cybersecurity measures. This mandate was communicated through a circular signed by Chibuzor Efobi, the director of payments system management, and Haruna Mustafa, the director of financial policy and regulation,…
The Canadian Immigration Minister, Marc Miller on Monday made an announcement which unveiled a new provision granting international students the opportunity to engage in off-campus employment for a maximum of 24 hours per week, effective from September onwards. This update comes following the temporary suspension of the 20-hour work limit imposed on international students amid the…
The Minister of Power, Mr. Adebayo Adelabu, emphasized that the Federal Government necessitates an annual allocation of $10 billion over the course of the next decade to rejuvenate the nation’s power sector and mitigate the persistent liquidity challenges. He further underscored the impracticality of such a financial commitment within the current fiscal framework of the…
The Economic and Financial Crimes Commission (EFCC) contemplates prosecution of 300 Forex Racketeers engaged in Peer-to-Peer Trading beyond Regulatory Bounds. In a recent interactive session with editors and bureau chiefs in Abuja, EFCC Chairman Ola Olukoyede hinted at potential prosecution proceedings against approximately 300 individuals involved in forex racketeering via a peer-to-peer platform, circumventing financial…
