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Open Treasury: BudgIT, CISLAC Laud FG On Drop In Suspicious Payments

BudgIT, a civic advocacy society and accountability organisation on budget and public finance issues and the Civil Society Legislative and Advocacy Centre (CISLAC) have commended the Federal Government for its commitment to curb frauds in the public finance payment system through the Open Treasury initiative. Barely seven month after the government launched the Open Treasury […]

Economy News Extra Health & Environment Latest News Water

NAFDAC Threatens Shutdown Of Substandard Water Facilities

The National Agency for Food and Drug Administration and Control (NAFDAC) at the weekend vowed to shut down packaged water production facilities that fail the Good Manufacturing Practice (GMP) requirements. The Director General of NAFDAC, Prof Mojisola Adeyeye, who disclosed the planned clampdown of substandard water facilities during at a virtual stakeholders’ meeting with packaged […]

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 […]

Banking Economy News Extra Latest News Technology

Nigerian Banks Lose N5bn To Frauds In 9 Months – NIBSS

The Nigeria Inter-Bank Settlement System Plc (NIBSS) has reported that Nigerian banks recorded over N5 billion loss to fraudsters between January and September 2020. The figure was contained in the just published NIBSS Insight Report titled ‘Fraud in the Nigerian Financial Services’. The NIBSS reported that on a global scale, fraudulent activities resulted in losses […]

Economy News Extra Investments/Capital Market Latest News Privatisation & Commerce Technology

INFINOX Boss Canvasses 8-Point Tips For Profitable Online Trading

As the economic uncertainty associated with the COVID-19 pandemic across the global economic space continues to mount, the Regional Director at INFINOX, a globally-recognised and award winning FX and CFD broker, Dany Mawas, has canvassed 8-point options for online traders to consider in choosing their brokers in order to achieve effective and profitable online trade […]

Economy News Extra Health & Environment Latest News Political Economy Sanitation & Hygiene Matters

COVID-19: NAFDAC Approves AstraZeneca Vaccine For Use In Nigeria

The National Agency for Food and Drug Administration and Control (NAFDAC) has approved the Oxford/AstraZeneca COVID-19 vaccine for use in the treatment and prevention of coronavirus in Nigeria. The Director-General of NAFDAC, Prof. Mojisola Adeyeye, who gave this hint during a live briefing on Thursday, said that the vaccine can be stored at 2 to […]

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Nigeria Exits Recession, Records 0.11% GDP Growth In Q4, 2020

After two consecutive sluggish performances which plunged the economy into recession, Nigeria’s economy rebounded in the last quarter of 2020 with the Gross Domestic Product (GDP) growing by 0.11 percent year-on-year. The National Bureau of Statistics (NBS) reported the positive trend in its published on Thursday. The report stated: “Nigeria’s gross domestic product (GDP) grew […]