Hello @mekkaokereke or anybody else familiar with working with folks overseas in #Nigeria is there a clearly preferred way to make international payments there? Domestically we use Gusto but their international fees seem vague at best. It looks like @opencollective would let us use PayPal or Wise. Are there any labor or employment law issues to watch out for if the person doesn't have their own legal entity we can contract with? Is it hard to set up an LLC there?
I understand the need to fund cybersecurity efforts to thwart criminals. However, this latest levy conveniently exempts the affluent by focusing on select transactions.
Following the enactment of the Cybercrime (Prohibition, Prevention, etc) (amendment) Act 2024 and pursuant to the provision of Section 44 (2)(a) of the Act, “a levy of 0.5% (0.005) equivalent to a half percent of all electronic transactions value by the business specified in the Second Schedule of the Act”, is to be remitted to the National Cybersecurity Fund (NCF), which shall be administered by the Office of the National Security Advisor (ONSA). […]
The levy shall be applied at the point of electronic transfer origination, then deducted and remitted by the financial institution.
The deducted amount shall be reflected in the customer’s account with the narration: “Cybersecurity Levy”. (Central Bank of Nigeria 🇳🇬, PDF here)
The Premium Times provides reactions from Nigerians 🇳🇬, which is unfavorable as no one wants an increase in expenses during this age of inflation we are living in.
Although I do not desire to pay extra fees when conducting transactions, I understand the levy’s necessity, even if I do not appreciate the expense.
While it is understandable that there would be exemptions to the new Levy (for charities, payroll, school, transactions within the bank, government, etcetera), one exemption did capture my attention.
SCHEDULE OF EXEMPTIONS FROM CYBERSECURITY LEVY […]
Savings and deposits including transactions involving long-term investments such as Treasury Bills, Bonds and Commercial Papers. (Central Bank of Nigeria 🇳🇬)
Usually, the affluent invest long-term in bonds & treasury bills, so its appearance here as an exception is suspicious. Like any other nation, Nigeria 🇳🇬 needs investors, but they should not cater to their interests while asking the public to increase their burden.
Nigerians 🇳🇬 are threatening lawsuits against the Cybersecurity Levy. However, I doubt the government will suspend a new source of revenue when nations seek extra cash to maintain the upkeep of their respective countries.
Residents of Mende Estate Villa in the Maryland area of Lagos State have decried the recent demolition of their multimillion naira houses in the area by the Lagos State Government while seeking compensation for a new shelter....
Organic and Agroecology Initiative (ORAIN)
...a coalition of organic and agroecology organizations in Nigeria
Presents
Upscaling Organic and Agroecological Practices in Nigeria Series:
May 2024 Edition
Meanwhile in Nigeria, the health service has imposed a new two year working requirement before nurses qualifications will be validated for work abroad - a measure intended to stop the 'brain drain' of qualified nurses to other countries health care systems... prompting legal action from the nurses
Given the numbers of Nigerian nurses who have headed to the UK, this may prove yet one more factor in the NHS workforce planning problems....
Mehrere Festnahmen bei Razzia gegen nigerianische Mafia
Hunderte Ermittler haben Objekte in Bayern, Hessen, Baden-Württemberg und Hamburg durchsucht. Im Visier: mutmaßliche Mitglieder der nigerianischen Mafia. Die Beamten nahmen mehrere Männer fest.
Tunde Onakoya: Nigerian attempts to break chess marathon record
“Under the beaming lights of New York's iconic Times Square, #Nigeria’s chess master Tunde Onakoya is attempting an ambitious challenge to break the record for the longest chess marathon.
He aims to play for 58 consecutive hours and raise $1m (£805,000) for charity in the process.
The money, he says, will support #chess education for millions of children.”
Just been talking to someone about oil palm groves and palm oil in West Africa and it occurred to me that maybe some of you here might be interested in this article (from my preMastodon days). Not everything palm oil related is bad! #PalmOil#HistoricalEcology#Nigeria#Africa
Nigeria has rolled out the world's first vaccine against all strains of meningitis. The shot will help ease the burden of disease in Africa's “meningitis belt.” Nigeria has become the first country in Africa's "meningitis belt" to introduce the new Men5CV or 'MenFive' meningitis vaccine. It is the world's first vaccine to...
A decade ago, 276 girls were abducted from their school in the Nigerian town of Chibok, a kidnapping that shocked the world and sparked a global #BringBackOurGirls campaign. More than 180 have since either escaped or been freed. Lisu, which is not her real name, was one who escaped and now lives in group housing under state care. She feels she is being treated worse. “I do regret coming back.” Read more from the BBC: https://flip.it/.VJSUC #News#WorldNews#Africa#Nigeria
Zehn Jahre nach der Massenentführung durch Boko Haram in Nigeria
Vor zehn Jahren verschleppte die Terrormiliz Boko Haram in Nigeria mehr als 270 Schülerinnen. Bis heute sind nicht alle befreit - und Entführungen zum Geschäftsmodell wetteifernder Banden geworden. Von Kai Küstner.
"Since the start of this year, Africa’s most populous nation #Nigeria has faced prolonged stretches of severe #heat.
With records of heat and its impacts lacking in Nigeria, Carbon Brief speaks to doctors, farmers and meteorologists about how this episode of #ExtremeWeather is affecting the country."
Be(com)ing Nigerian is an outrageously funny and acerbic guide to how to be a Nigerian; from how to attain the much-maligned, but heady rank of politician to achieving the status of the silver-tongued, private jet-flying religious leader.
Things are unbelievably tough for people in #Nigeria, due to #hyperinflation. Food prices are staggeringly high. It is heartbreaking how old friends who used to do well are now really struggling. I sent one dear friend (with an MA, who used to have good jobs) some money and she said was going out straight away to buy garri, sugar, beans. And she is not one of the worst off. The majority in the country are really suffering.
Anfang März waren aus einer Schule in Nigeria fast 300 Kinder entführt worden. Nun wurden sie unverletzt wieder freigelassen, teilte die regionale Regierungsbehörde mit. Wer hinter der Entführung steckt, bleibt offen.
Lagos homeowners decry demolition, seek compensation (punchng.com)
Residents of Mende Estate Villa in the Maryland area of Lagos State have decried the recent demolition of their multimillion naira houses in the area by the Lagos State Government while seeking compensation for a new shelter....
Explainer: Nigeria rolls out world's first full shot against meningitis: Here's what you need to know (www.hindustantimes.com)
Nigeria has rolled out the world's first vaccine against all strains of meningitis. The shot will help ease the burden of disease in Africa's “meningitis belt.” Nigeria has become the first country in Africa's "meningitis belt" to introduce the new Men5CV or 'MenFive' meningitis vaccine. It is the world's first vaccine to...