News
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Cybersecurity Levy: Proof that the government is more interested in milking a dying economy instead of nurturing it to recovery – Peter Obi
Labour Party’s Presidential candidate in the 2023 general election, Peter Obi, has strongly criticized the Federal government’s decision to implement the Cybersecurity levy. In a statement issued today, May 8, Obi expressed his disapproval, stating that the “implementation of the Cybersecurity Levy is further evidence that the government prioritizes exploiting a struggling economy rather than fostering its recovery and development.” Obi contended that such policies would not only exacerbate poverty among citizens but also diminish the country’s economic competitiveness. The Central Bank of Nigeria instructed banks on Monday, May 6, to impose a 0.5% cybersecurity levy on certain customer transactions.…
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Cybersecurity levy: Let the Poor Breath – Seyi law tells Tinubu
Nigerian comedian Seyi Law expressed outrage over the recent introduction of a 0.5 percent cybersecurity levy by the Central Bank of Nigeria (CBN). The CBN directed banks to implement this levy on transactions. Seyi Law deemed the policy “unacceptable” and called on the CBN to reconsider it. Addressing President Bola Tinubu, he appealed for relief for the masses, questioning the delay in announcing and implementing the new minimum wage. Additionally, Seyi Law criticized the performance of certain ministers, highlighting the perceived lack of progress one year into the administration. On his X handle, Seyi Law wrote: “I hate when government…
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Atiku manipulating facts for his self-serving objective of discrediting the current administration – Presidency responds to Atiku’s criticism of Lagos-Calabar highway project
The presidency has responded to former Nigerian Vice President and presidential candidate of the PDP, Alhaji Atiku Abubakar’s assertions regarding the Lagos-Calabar highway construction, suggesting that it serves as a conduit for corruption due to Tinubu’s vested interests in it. Atiku, in remarks made on Sunday, questioned the legitimacy of the road project, alleging procedural irregularities and a rushed demolition process. He also claimed that Tinubu’s son, Seyi, held shares in a company owned by Chagoury, the proprietors of Hitech, the construction firm handling the Lagos-Calabar highway project. In a counterargument posted on Twitter today, May 6, Bayo Onanuga, the…
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Lagos-Calabar Highway is Tinubu’s personal business – Atiku
Atiku Abubakar, the Peoples Democratic Party (PDP) presidential candidate for 2023, has accused President Tinubu and his associates of personal interests in the Lagos-Calabar highway project. Atiku alleges a lack of proper bidding and notification before the contract award and demolition of properties for the project. He suggests this handling contributes to Nigeria’s struggle to attract foreign investment. Atiku claims Tinubu’s ties to the contractor and his son’s involvement in companies linked to the project present conflicts of interest. He stated, “The fact that President Bola Tinubu’s son and his surrogates are on the board of companies owned by Gilbert…
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CBN directs banks to charge 0.5% Cybersecurity levy
The Central Bank of Nigeria (CBN) has instructed deposit money banks across the nation to introduce a 0.5% cybersecurity levy on specific transactions conducted by their customers. The directive was dispatched to all commercial, merchant, non-interest, and payment service banks, as well as mobile money operators and payment service providers. The apex bank specified that the levy’s enforcement would commence two weeks from the circular’s issuance. “Following the enactment of the Cybercrime (Prohibition, Prevention, etc) (amendment) Act 2024 and pursuant to the provision of Section 44 (2) (a) of the Act, ‘a levy of 0.5% (0.005) equivalent to a half…
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FG reduces electricity tariff for ‘Band A’ Customers
The Federal Government announced the decrease in the electricity tariff for Band A customers. Previously, the Nigerian Electricity Regulatory Commission (NERC) mandated customers receiving a daily supply of at least 20 hours to pay N225/Kwh. However, following the approved review, Band A customers will now pay N206.80/Kwh. Ikeja Electric, in a notice to its customers on Monday, said ”Please be informed of the downward tariff review of our Band A feeders from N225/kwh to N206.80/kwh effective May 6, 2024, with guaranteed availability of 20–24 hours of supply daily.” The tariffs for Bands B, C, D, and E remain unchanged.”
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Demolition: Residents of Mende were served notices – Lagos Commissioner for Environment. Tokunbo Wahab, says
Tokunboh Wahab, the Lagos State Commissioner for Environment and Water Resources, has clarified that owners of the demolished properties impeding drainage flow in Mende, Maryland area, were served with “necessary notices” prior to the removal of their buildings from the System 1 Drainage Right of Way over the past weekend. Speaking on Channels TV on Sunday, May 5, Wahab mentioned that property owners had been informed as early as 2021. Although during the demolition, the property owners claimed they were given only two hours notice before the government demolished their buildings, the commissioner asserted that the drainage right of way…
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We will NEVER agree to their Marriage- Wofai Fada’s Father-In-Law explains his position as family release disclaimer to REJECT her
Wofai Fada’s engagement to her partner, Taiwo Cole as well as their traditional wedding in Ugep, Cross River State has been rejected by the Groom’s family because the event was allegedly held without the notice of the family. In a leaked audio conversation between Taiwo’s father and his female friend, Kunle’s father addressed the relationship of his son with the actress and his stance for a public disclaimer. According to the father, Wofai Fada is 38 years old while his son is 30; and the marriage arrangement was recently mentioned to him without proper arrangements. He stated that his son…
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Banditry is now a business venture for the criminals in Government – Katsina Governor, Dikko Radda
Katsina State Governor, Dikko Radda, accused certain government officials and security personnel of facilitating insecurity, particularly banditry, in the nation. He made these assertions during an appearance on Channels Television’s program, Politics Today, on Friday. The governor further remarked that combating banditry has become challenging in Nigeria, describing it as now akin to a “business venture.” He said, “Now it has turned out to be a business venture. A business venture for the criminals who are in government; some people who are in security outfits and some people who are responsible for the day-to-day activities of their people. “These are…
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N615,000 minimum wage demand realistic — NLC
The national President of the Nigeria Labour Congress, NLC, Joe Ajaero, has said that N615,000 minimum wage demand is the most realistic amount. Ajaero made this statement on Thursday during an interview on Channels TV’s Politics Today The federal government had approved a pay rise of between 25 and 35 percent for civil servants across various consolidated salary structures, But the NLC rejected the increase, saying it was too low. During the interview, Ajaero said that the labour unions were receiving pressure from workers, while the government was calling them names. “If you are talking about realistic, the N615,000 demand is…
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I see freedom from the shackles of Dollar – Primate Ayodele reveals
The Leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, made a prediction on Friday regarding the imminent removal of certain presidents and the onset of revolution across the African continent Primate Ayodele indicated that long-serving presidents and those attempting to pass power to their descendants would face removal during this upheaval. According to a statement from his Media Aide, Oluwatosin Osho, the prophet anticipates citizens rising up against these leaders, leading to widespread discontent. Additionally, Primate Ayodele foresaw a positive shift in the African continent’s economy, signaling a new era on the horizon. According to Ayodele: ‘’The time for…
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Nigeria should be giant in development, not only in population – Shehu Sani
Former Kaduna senator and social critic, Shehu Sani, emphasized that Nigeria should aspire to be the leading force not just in population but across all economic sectors. He articulated this viewpoint during the sidelines of the Inaugural Memorial Lecture of Prince Emeka Obasi, the late Publisher of Business Hallmark, titled: ‘If this Giant Must Walk; Manifesto for a New Nigeria’. Sani, who previously represented Kaduna Central in the 8th National Assembly and chaired the Senate Committee on Local and Foreign Debts, expressed that Nigeria still has progress to make to reach its full potential. “We are a nation of 220…
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