₦airaland Forum

The Debt Management Office (DMO) has revealed plans to issue bonds worth N450 billion in its upcoming auction scheduled for May 13, 2024. This move is part of the government’s monthly bond auction aimed at fulfilling national financial requirements and offering lucrative investment opportunities for both institutional and retail investors.

The auction will feature three distinct bond series, each providing investors with various maturity options and competitive yields. The first series involves a reopening of...

https://ratecaptain.com/fg-targets-n450-billion-from-may-2024-bond-auction/

In a bid to bolster cybersecurity measures across the financial sector, the Central Bank of Nigeria (CBN) has instructed all banks operating in the country to initiate a cybersecurity levy on transactions. According to a circular issued by the apex bank on Monday, the implementation of this levy is set to commence in two weeks.

The directive, addressed to all commercial, merchant, non-interest, and payment service banks, as well as other financial institutions, mobile money operators, and...

https://ratecaptain.com/cbn-mandates-banks-to-impose-0-5-cybersecurity-levy-on-transactions/

In a bid to secure a new $750 million loan from the World Bank, the Federal Government of Nigeria is contemplating reintroducing previously suspended telecom taxes and other fiscal measures. The Stakeholder Engagement Plan for Nigeria’s Accelerating Resource Mobilisation Reforms program, jointly undertaken by Nigeria and the World Bank, outlines the potential revival of telecom excises and EMT levies on electronic money transfers.

Initially suspended by President Bola Tinubu in July 2023, the five percent excise duty...

https://ratecaptain.com/fg-plans-750m-world-bank-loan-considers-telecom-tax-revival/