If the new cybersecurity tax is implemented, you will be charged N500 on N100,000 and N5,000 on N1 million. The 0.5 per cent is applied to electronic transactions as mandated by the Cybercrime (Prohibition, Prevention, etc) (amendment) Act 2024. The 0.5% will be paid by the transaction originator, which will be deducted by the financial … Read more
Nigerians will now pay a 0.5% cybersecurity tax on transfers made, following an announcement by the Central Bank of Nigeria (CBN) on Monday, May 6, 2024. According to the CBN circular, the levy will go to the national cybersecurity fund and will be administered by the Office of the National Security Adviser (NSA). Although 16 … Read more
In terms of consumption of goods and services, total investment, net exports, and government spending, the 36 states in Nigeria are not equal. All these economic indicators put together contribute to states’ Gross Domestic Product. This table lists Nigeria’s 36 states by their estimated total GDP in 2021 according to a 2022 report by BudgIT, Nigeria’s civic organisation that uses technology to … Read more
The closing price for Bitcoin (BTC) in April 2024, was $60,636.86 with a market capitalization, shedding over $209 billion. Its marketcap was $1,403,108,244,336 in March but dropped to $1,193,544,962,108 by the end of April. Here is how Bitcoin performed from April 1 to 30, 2024: Date Open High Close April 30 $63,839.42 $64,703.33 $60,636.86 April 29 $63,106.36 $64,174.88 $63,841.12 April 28 … Read more
In a country where your country of residence has nearly been ostracized from using some of the popular payment channels to receive payment for your services because of the bad behaviour of a few persons, that is when Geegpay Virtual accounts by Raenest come in handy, particularly for someone as me, who earns a living … Read more
There are two categories of birth certificates as outlined on the self-service portal of the National Population Commission (NPC): 1) An attestation certificate for those born before 1992 and 2) the usual birth certificate for those born after 1992. Whichever applies to you, here is how to get this certificate which you can use to … Read more
There have been a lot of changes in how to change your name, modify your date of birth, change of address, and update of your phone number on your NIN data since the National Identity Management Commission (NIMC) launched its self-service modification portal. And of course, the self-service portal by the commission is a testament that … Read more
The fund in your Geepay virtual USD card is not locked if you haven’t terminated your card. It means you can transfer the money in your dollar virtual card back to your wallet at any time. In my earlier post, I wrote on how to fund your Geepay with naira and using it to create … Read more
Creating Geepay Dollar Virtual Card allows you to make payments on Apple Music, X (formerly Twitter), Shazam, Spotify, and other subscription-based services. Suppose you already have Geepay account virtual accounts and verified your account with the necessary documents, it’s time to create a virtual debit card if you already received a deposit from your client, employer … Read more
It isn’t a good time for a global cryptocurrency platform, Binance and its founder Changpeng Zhao as governments of some countries continue to clampdown on the platform. After facing weeks of court trials on money laundering, unlicensed money transmitting and violations in Seattle, United States, Zhao was sentenced to four months in prison. He had … Read more