Banking Economy News Extra Investments/Capital Market Latest News Planning & Economic Development Technology

Osinbajo Canvasses Regulation, Not Prohibition Of Cryptocurrencies

In what seems to be call for the moderation of the Central Bank of Nigeria’s (CBN’s) policy stance on the raging cryptocurrencies’ controversies in the country, the Vice President, Prof. Yemi Osinbajo, on Friday canvassed the regulation of cryptocurrencies rather than outright outlawing the digital currency in the country. Osinbanjo, in his speech at the […]

Economy News Extra Environment Health & Environment Investments/Capital Market Latest News Oil & Gas

Chevron Unveils $300Mn Green Energy Investment Fund

Chevron, one of the world’s major hydrocarbon resources industry operators, on Thursday unveiled a $300 million fund focused on low-carbon technology, as most global oil and gas entities continue to intensify their investment drives in green energy and tackle climate change problems. Over the past few years, most major energy companies have set targets to […]

Economy News Extra Infrastructure & Capital Projects Investments/Capital Market Latest News National Assembly Oil & Gas Planning & Economic Development Political Economy Power/Electricity

African Energy Chamber’s President Seeks Timely Passage Of PIB

The President of the African Energy Chamber (AEC), NJ Ayuk, on Friday urged the Nigerian Government to fast-track the Legislature’s ongoing deliberations on the Petroleum Industry Bill 2020 and enact it in view of its positive implications for improved investments in the continent’s energy sector. Ayuk, in an opinion article titled ‘Africa needs Pragmatic Free […]

Economy News Extra Investments/Capital Market Latest News Oil & Gas Power/Electricity

Chamber Charts Roadmap To Boost Investments In Africa’s Energy Sector

The Investment Committee of the African Energy Chamber (AEC) has concluded its second meeting since inauguration with the members unveiling a new agenda that will facilitate raising billions of US dollar investments for energy projects in Africa. A news report by the African Press Organisation(APO) Group distributed for the AEC indicated that the committee acknowledged […]

Banking Economy News Extra Investments/Capital Market Latest News National Assembly Political Economy Technology Telecomms

Again, CBN Justifies Stance On Prohibition Of Cryptocurrencies In Nigeria

The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, on Tuesday stoutly justified its monetary’ policy forbidding crypocurrencies transactions in Nigeria, saying trading in the virtual assets is illegal and has no place in Nigeria’s monetary system. Emefiele, who re-affirmed the apex bank’s policy stance against the virtual currencies when he appeared before […]

Banking Crime & Judiciary Matters Economy News Extra Investments/Capital Market Latest News National Assembly Technology Telecomms

Virtual Assets, Cryptocurrencies Risky For Nigeria – ICPC Boss

The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye has lent his voice against cryptocurrencies and virtual assets transactions in Nigeria, describing them as risky for the country. Owasanoye expressed this view before the Senate Committee on Banking, Insurance and Other Financial Institutions during its hearing on the […]

Economy News Extra Investments/Capital Market Latest News Technology Telecomms

5G Technology To Boost Global Manufacturing, Transport Sectors By $1Trn

A new report jointly published by consultancy firm STL Partners and Vertiv has projected that the deployment of 5G technology in telecommunications would boost the global manufacturing and transport sectors about $1 trillion in benefits. The report titled ‘Why Energy Management Is Critical To 5G Success’ indicated that the projected amount would be saved by […]

Economy News Extra Investments/Capital Market Latest News

FMDQ Admits Parthian Partners’ N20Bn Commercial Paper

The FMDQ Securities Exchange Limited has formalized the registration of the Parthian Partners Limited N20 billion Commercial Paper (CP) Programme to its platform. The registration of this CP Programme is expected to boost Parthian Partners Limited’s efforts to raise short-term finance from the Nigerian Debt Capital Market (DCM) to meet its financing needs. The registration […]

Economy News Extra Investments/Capital Market Latest News Technology Telecomms

EAIF To Buy $50Mn Worth Of Liquid Telecoms’ Bond

The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed to buy up to US$50 million of a bond issued by Liquid Telecommunications being launched today. A news report on the bond issuance distributed by African Press Orgnaisation (APO) Group on behalf of PIDG, indicated that the bond (“The New […]

Banking Crime & Judiciary Matters Economy News Extra Investments/Capital Market Latest News Political Economy Technology

Crypto Criminals Stole $1.9Bn In 2020 – Research Firm

A research conducted by Finaria.it last year on the global cryptocurrency market showed that malicious hackers and other scammers stole $1.9 billion as against the $4.5 billion in the preceding year. While the year witnessed a huge growth in the crypto market as many investors turned to digital coins as a store of value in […]