CBN directs banks to start deducting cybersecurity levies from customers
Business
Maritime workers seek NARTO, NUPENG support for port strike
National Association of Road Transport Owners, NARTO, and Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, may support the strike declared by the Maritime Workers Union of Nigeria billed to start Wednesday to protest takeover of Apapa-Oshodi Expressway by heavy duty trucks.
The gridlock has negatively impacted Apapa, making made life unbearable for residents of the area.
It has also crippled business activities in the area.
The MWUN had called a meeting weekend to sensitise stakeholders in the maritime sector to support the strike.
President General of MWUN, Prince Adeyanju Adewale, on Sunday said the union would decide its next line of action after the three days and government failed to fix the roads leading to the two ports and the area and address the accompanying traffic bottleneck.
He added that the strike ought to have taken place before now but noted that it was suspended because of appeals by the government.
However, the Federal Government has appealed to the union not to embark on the strike, saying work on the expressway is delayed by COVID-19 and #EndSARS protests which took place nationwide recently.
The union leader said, “We have decided to put the warning strike on hold till Wednesday December 9, to sensitise other stakeholders in the ports why we have to embark on the warning strike.
“Since the information became public, many of them have been calling and begging for time. They insisted that they are not against our action because the seemingly intractable gridlock is also affecting them and that they are indeed in total support of our planned action.
“But they said it is too sudden and pleaded that we give them time to prepare. So, we have decided to give them two days to prepare. Consequently, the warning strike will now start on Wednesday, December 9, instead of tomorrow (today) as earlier resolved.”
Leaders of the union, while giving reasons the members would withdraw their services nationwide and embark on three-day industrial action, said they were disenchanted by the deplorable state of the access roads to the Apapa and Tin Can Island ports which had claimed several lives and caused incalculable man-hour losses, among other dangers as a result of unending gridlock.
The three-day warning strike is one of the resolutions of the union’s National Executive Council, NEC, meeting held in Lagos.
Business
CBN directs banks to start deducting cybersecurity levies from customers
The apex bank announced this on Monday, May 6, 2024, in a circular signed by Chibuzor Efobi, Director of Payments System Management, and Haruna Mustafa, Director of Financial Policy and Regulation.
Business
Forex: FG to delist naira from P2P platforms
Forex: FG to delist naira from P2P platforms
The Federal Government is set to delist the naira from all Peer-to-Peer platforms to reduce the manipulation of the local currency value in the foreign exchange market.
Director General of the Securities and Exchange Commission, Emomotimi Agama, made this known on Monday at a virtual conference with blockchain stakeholders.
The goal of this resolution is to combat manipulation of the value of the local currency in the foreign exchange market.
In past months, the nation’s regulatory bodies have started looking into and closely examining cryptocurrency exchanges.
This is part of a number of regulations to be rolled out in the coming days.
He said, “That is one of the things that must be done to save this space. The delisting of the naira from the P2P platforms to avoid the level of manipulation that is currently happening.
“I want your cooperation in dealing with this as we roll out regulations in the coming days.”
The SEC DG decried how some market players were manipulating the value of the naira.
This, he said, was why the commission was “seeking collaboration and help in making sure that the crypto environment is respected globally”.
Business
Ikeja Electric cuts tariff for Band A customers
Ikeja Electric cuts tariff for Band A customers
The Ikeja Electricity Distribution Company has announced a reduction in the tariff for customers under Band A classification from N225 per kilowatt-hour to N206.80kw/h
This is coming about a month after the Nigerian Electricity Regulatory Commission (NERC) approved an increase in electricity tariff for customers under the Band A category to N225 per kwh — from N66.
The commission has clarified that customers under Band A receive between 20 and 24 hours of electricity supply daily.
Ikeja Electric said in a circular on Monday the cut in the new tariff rate would take effect from May 6, 2024.
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