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During The Joint Session Of The Senate Committee On Banking, Insurance And Other Financial Institutions, Capital Market And ICT And Cyber Crime On The Ban On Cryptocurrency In Nigeria At The National Assembly

L- R: Chairman Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye, Executive Commissioner, Legal and Enforcement Securities and Exchange Commission, Mr Reginald Karawusa, Director General SEC Mr Lamido Yuguda and CBN Governor Mr Godwin Emefiele during the Joint Session of the Senate Committee on Banking, Insurance and other Financial Institutions, Capital […]

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COVID-19: British Airways Reports €7.4bn Loss In 2020

International Airlines Group, British Airways, one of the world’s biggest airlines, on Friday reported the biggest loss in its history as the COVID-19 pandemic closed borders and took huge toll on its flight revenues in 2020. The airline group, which also owns Iberia, Vueling, and Aer Lingus, reported a post-tax loss of €7.4bn loss in […]

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UN Panel Seeks Global Support For Financial Integrity

The United Nations High-Level Panel on International Financial Accountability, Transparency and Integrity for Achieving the 2030 Agenda (FACTI Panel) has solicited global support to strengthen financial integrity for sustainable development. The call was among the 14 recommendations made by the UN panel at the launch of its new report titled “Financial Integrity for Sustainable Development”. […]

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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 […]

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India Exits Recession, Economy Up 0.4% In Q4, 2020

India’s economy grew 0.4 per cent year-on-year in the final quarter of 2020, ending the country’s first recession since independence. The country’s exit from recessionary slide and modest recovery is partly linked to measures by the government which as eased coronavirus restrictions. A news report by AFP indicated that the country had struggled to claw […]

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Borno To Sanction MDAs Over Extra-budgetary Spending

Borno State Government on Friday warned Ministries, Departments and Agencies (MDAs) to avoid spending out their budgetary provisions and threatened that any defaulting agency will be penalized. The warning came on the heels of the payment of the sum N12 billion by the state government to offset gratuities of 4,862 retirees in the state and […]

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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 […]

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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 […]

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Jaiz Bank’s MD Emerges NIFIAN First President

The Non-Interest Financial Institutions Association of Nigeria (NIFIAN), on Thursday announced the election of the Managing Director of Jaiz Bank Plc. Hassan Usman as its pioneer President. Usman was inaugurated with the body’s other Executive Committee (ExCo) members to oversee the affairs of the group, which comprises CEOs of all non-interest financial and related service […]

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Port Agencies Mull Joint Inspection Of Vessels At Seaports

The Nigerian Shippers’ Council (NSC), Nigerian Ports Authority (NPA), Nigeria Customs Service (NCS), Nigerian Immigration Service (NIS), the Department of State Security Service (DSS)and other relevant agencies on Thursday harped on the need for collaboration on boarding, inspection of vessels calling at Nigeria seaports. This proposal was among the key considerations during the agencies’ meeting […]