List of All Bank Transaction Taxes In Nigeria

Here’s a full list of bank transaction taxes in Nigeria as approved by the Central Bank of Nigeria CYBERSECURITY LEVY: SENDERS now bear; ₦5 on ₦1,000 ₦50 on ₦10,000 ₦500 on ₦100,000 ₦5,000 on ₦1,000,000 ₦50,000 on ₦10,000,000 STAMP DUTY: RECEIVERS bear; ₦50 on ₦10,000 ₦50 on ₦100,000 ₦50 on ₦1,000,000 ₦50 on ₦10,000,000 TRANSFER […]

Full List Of Transactions Exempted From CBN’s Cybersecurity Levy Debits

Full List Of Transactions Exempted From CBN’s Cybersecurity Levy Debits

In accordance to a circular by the Central Bank of Nigeria (CBN), Nigerian banks will begin deducting a 0.5% cybersecurity levy on customers’ transactions. The circular was issued by the CBN on Monday, May 6, 2024, and directed to all commercial, merchant, non-interest, and payment service banks, among others. “Deductions shall commence within two weeks […]

The Origin Of The Ban On Spraying Naira

The Origin Of The Ban On Spraying Naira

How Did The Ban On Naira Spray Start? 1980s I attended a party at the official residence of a very senior government official in 1985 or ’86. When it was time for the dance, the MC announced that there would be no spraying because spraying was not allowed. I thought that I understood why. My […]

Nigeria Ranks 109th Out Of 125 Countries In Global Hunger Index

Nigeria Ranks 109th Out Of 125 Countries In Global Hunger Index

Nigeria ranks 109th out of the 125 countries in the 2023 Global Hunger Index. With a score of 28.3 points, Nigeria has a level of hunger that is serious, according to the GHI. The report GHI published on its website showed that Nigeria is only ahead of Zambia, India, Timo-Leste, Mozambique, Afghanistan, Haiti, Sierra Leone, […]

Nigeria Police Recruitment 2024 Begins Nationwide

Nigeria Police Recruitment 2024 Begins Nationwide

Nigeria Police Force Begins 2024 Recruitment Nationwide 2024 Recruitment Into Nigeria Police Force Begins Nationwide Recruitment of Nigerians into the Constable Cadre of the Nigeria Police Force commences Monday, January 8th 2024, throughout the federation with physical and credential screening of successful applicants after six weeks period for receiving of applications in line with the […]

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