FEC Approves Disaster Relief Fund to Enhance Swift Emergency Response Across Nigeria

The Federal Executive Council (FEC) has approved the creation of a Disaster Relief Fund to facilitate swift and effective response to victims of disasters across Nigeria. This new initiative is designed to ensure rapid relief and recovery efforts for communities impacted by emergencies such as floods, fires, and other natural or man-made disasters. The announcement…

CBN Withdraws 0.5% Cybersecurity Levy

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,…