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  The CBN has directed all banks to impose a 0.5% cybersecurity levy on all transactions except some Sixteen Transactions are exempted from this new levy . This levy, amounting to 0.5% of the value of all electronic transactions, is intended to boost the National Cyber Security Fund administered by the Office of the National Security Adviser (NSA). Here are some things to know about the cybersecurity levy to be paid by Nigerians, according to the CBN circular: 1. A new levy of 0.5%, equivalent to half per cent, is applied to electronic transactions as mandated by the Cybercrime (Prohibition, Prevention, etc) (amendment) Act 2024. 2. The levy is paid by the originator of the electronic transaction and deducted by the financial institution. The deducted amount shall be reflected in the customer's account with the narration: "Cybersecurity Levy." 3. Financial institutions will deduct the levy and remit it to the National Cybersecurity Fund administered by the Office of the N...

  These 16 transactions are not going to be affected by the Newly introduced Cyber Security Levy Charges to be paid by Nigerians: 1. Loan disbursements and repayments. 2. Salary payments. 3. Intra-account transfers within the same bank or between different banks for the same customer. 4. Intra-bank transfers between customers of the same bank. 5.Other Financial Institutions instructions to their correspondent banks 6. Interbank placements. 7. Banks’ transfers to CBN and vice-versa. 8. Inter-branch transfers within a bank. 9. Cheque clearing and settlements 10. Letters of Credits 11. Banks’ recapitalisation-related funding – only bulk funds movement from collection accounts 12. Savings and deposits, including transactions involving long-term investments such as Treasury Bills, Bonds, and Commercial Papers. 13. Government Social Welfare Programmes transactions e.g. Pension payments 14. Non-profit and charitable transactions, including donations to registered non-profit organisations...

April 25, 2024 The Lagos State Government disclosed that Automatic Number Plate Recognition (ANPR) cameras captured 850,000 traffic violations over a 15-month period. These cameras, totaling 53 in number, are strategically installed across various locations in the state to conduct routine monitoring checks. During the 2024 Ministerial Press Briefing held at the Bagauda Kaltho Press Centre, Alausa – Ikeja, Lagos State Commissioner for Transportation, Mr. Oluwaseun Osiyemi, highlighted the efficiency of the Traffic Management Solution (TMS) device. He noted that in the last three months alone, the TMS successfully recorded 26,816 real-time traffic infringements, significantly enhancing traffic enforcement. Mr. Osiyemi emphasized the broader scope of the ANPR system, which not only captures violations related to prescribed particulars but also detects offenses like vehicles moving against traffic flow. From January 2023 to March 2024, the ANPR cameras recorded a total of 856,680 violation...

  Dr Bukola Saraki supporters Take To Social Media To Reveal 99 Things Saraki Did While In Office As Governor  This is the season of political grandstanding and records-checking by politicians and Nigerian electorates alike in preparation for 2023 elections. This is to learn from past mistakes of electing the wrong leaders to positions of authority. The appearance on Twitter spaces by  Dr. Bukola Saraki a former president of the Nigerian senate and a presidential aspirant in the forthcoming 2023 General elections, made Nigerians take to various social media platforms to reveal things done by Saraki while he was in office as Governor.  POWER 1. Kwara State under Saraki was the first state to complete the Nigeria Independent Power Project (NIPP) by re-energizing the Ganmo Power Station in Ilorin. The power station generated only 90 MVA but after the reconstruction in collaboration with the Federal Government, the power generation capacity of the sub-station increase...

  Black out worsens as national grid collapse twice within 48 hours. Some states were thrown  into darkness sequel to disruption of power supply from the collapse. Eko Electricity Distribution Company confirmed the collapse in a public notice that read thus; "Dear esteemed Customers,  we would like to inform you of another system collapse on the national grid which occurred at 5:10 p.m on (Tuesday) Before the collapse, Nigerians barely enjoyed 15 hours of light per day. Many places enjoy less than 5 hours.  How long will this continue despite many promises made by APC led government before taking over power from the PDP?  Kind pend down your view on what you think about this article and the likely solution to this national problem. 

T he Brazilian government has given Yoruba a pride of place among foreign languages spoken in the country. NewsmakersNG was told in an exclusive interview with the Brazilian minister of culture, Dr Sérgio Sá leitão at the weekend in Brazil that the government has introduced the compulsory study of African History and Yoruba language into the primary and secondary schools curriculum. The minister spoke at an event where the Institute of African Studies, University of Sao Paulo, in Brazil paraded important dignitaries including Nigerian artists and historians, as well as professors of arts and African studies at a lecture on the importance of Yoruba language in the Brazilian culture and tradition. According to him, the inclusion of African History and Yoruba Language in the curriculum would help bring the closeness of the African Brazilian people to their roots and thus encourage the understandings of the language among other important languages in Brazil apart from Portuguese which is t...

PROF CHARLES SOLUDO OF APGA DECLARED WINNER OF ANAMBRA GOVERNORSHIP ELECTION The formal CBN Governor, Prof Charles Soludo Wins Anambra Governorship Election defeating his closest rivals from PDP and APC with a wide marging.  He defeated Ozigbo of PDP who scored 53,807 votes and that of APC, Andy Uba who scored 43,285. Soludo defeated them with 112, 229 votes What's your view about this election?