Samuel Nwite
AUTHOR: Samuel Nwite
Nigeria Discloses plans to Harvest Unclaimed Balances, Dividends and Funds in Dormant Accounts
The Central Bank of Nigeria (CBN) has announced its plan to harvest funds from unclaimed balances, dividends and dormant accounts, potentially putting them in...
Meta Fined $220m by Nigerian Regulator FCCPC Over Data Privacy Violations
In a first-of-its-kind regulatory action, Nigeria's Federal Competition and Consumer Protection Commission (FCCPC) has imposed a $220 million penalty on Meta Platforms Incorporated for...
KPMG Criticizes Nigeria’s 50% FX Windfall Tax on Banks
The Nigerian government's recent decision to impose a 50% windfall tax on banks' foreign exchange revaluation gains recorded in 2023 has sparked a variety...
The World Hit By Greatest Cybersecurity Incident – And It’s Not A Cyberattack
In an unprecedented turn of events, financial services, medical offices, and television broadcasters worldwide faced severe disruptions on Friday due to a significant IT...
Economic Hardship: Nigerian Lawmakers Cut Salary By 50% As Nationwide Protest Looms
In a move that has sparked mixed reactions, members of the Nigerian House of Representatives have agreed to reduce their salaries by 50% for...