Tag: Banking
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Nigeria’s New Cybersecurity Levy: A Burden on an Ailing Economy?
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With the introduction of the new Cybersecurity Levy, Nigeria’s economic landscape faces yet another challenge, marked by the implementation of a 0.5% levy on electronic transactions. This levy, mandated by the 2024 Cybercrime (Prohibition, Prevention, etc.) Amendment Act, aims to bolster national cybersecurity efforts under the Office of the National…
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In Memoriam: Herbert Wigwe, A Visionary Leader
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The Nigerian banking industry and the global business community are mourning the loss of a visionary leader, Herbert Wigwe, the Chief Executive of Nigeria’s Access Holdings, parent company of Access Bank, one of Africa’s largest banking groups. Herbert Wigwe tragically lost his life in a helicopter crash in California on…