The Central Bank of Nigeria (CBN) has again cautioned Nigerians on investments in cryptocurrencies, pointing out that virtual currencies are not legal tender in the country. The apex bank , in a statement on Wednesday clarified that cryptocurrencies such as Litecoin, Dogecoin, Onecoin, Bitcoin, Ripples, Monero and many others and Exchanges such as NairaEx were […]
Mastercard today announced its plans to launch Masterpass QR bot for Messenger to enable Nigerian businesses to set up digital money accounts and accept QR payments According to a news report distributed by the African Press Organisation (APO) Group, the leading global digital payments service provider disclosed this at Mobile World Congress holding in Barcelona, […]
Governor Akinwunmi Ambode, flanked by senior government functionaries, signing the Lagos State 2018 Appropriation Bill into law in his office at Alausa, Ikeja
The Senate today accused ministers and heads of some Ministries Departments and Agencies (MDAs) of slowing down the legislative work on the 2018 Appropriation Bill through incessant foreign trips and non-cooperation with the lawmakers. Members of the upper chamber of the National Assembly leveled the allegation during the plenary session. Specifically, the lawmakers faulted President […]
A new survey conducted by PriceWaterhouseCoopers (PwC), a leading global research and consulting firm, has indicated that the rate of economic crime in Nigeria may have risen by over 100 percent between year 2016 and 2017 based on latest findings. The report of the survey titled ‘Global Economic Crime and Fraud Survey’, which examined over […]
The Central Bank of Nigeria (CBN) on Tuesday intervened in the inter-bank segment of the Foreign Exchange (Forex) market with the injection of $210 million into three segments of the market. Specifically, the bank offered the sum of $100 million to dealers in the wholesale window, while those in the Small and Medium Enterprises (SMEs) […]
L – R : Tola Ajayi, Clinic Manager, Nordica Fertility Centre; Dr. Abayomi Ajayi, CEO, Nordica Fertility Centre and Founder Endo Group Support Nigerian (EGSN); Chioma Afe, Head, Corporate Communications Unit, Diamond Bank Plc; and Sola Okikiade, Representative of Endo Group Support Nigeria during a press conference to raise Awareness for Endometriosis
A new report by the Global Progress Report of the Sustainable Banking Network, an IFC-supported organization of banking regulators and associations, has indicated that Nigeria is leading other African countries in the implementation of sustainable finance for development. Specifically, the findings of the report of the Sustainable Banking Network, an IFC-supported organization of banking regulators […]
The National Bureau of Statistics (NBS) has reported that Nigeria’s Gross Domestic Product (GDP) grew in Q4 2017 by 1.92 percent (year-on-year) in real terms, maintaining its positive growth since the emergence of the economy from recession in the second quarter of the year. The Bureau noted that growth in the quarter under review, when […]
As part of its efforts towards breaking the silence on endometriosis, The Endometriosis Support Group Nigeria (ESGN) in partnership with Nordica Fertility Centre and Diamond Bank will be on March 10, 2018 holding its annual Endo Walk. Speaking at a press briefing organized by the ESGN led by Dr. Abayomi Ajayi, Chief Executive Officer of […]