Banking. Revenue. TechnoBiz
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Fidelity Bank Plc has issued a 10-year N41.21 billion fixed rate unsecured subordinated bond at 8.5 per cent coupon rate due by year 2031. A statement on the bond by the management indicated that the bank’s Chairman, Mr. Mustapha Chike-Obi, disclosed that the bond issuance was over-subscribed by investors, with total investor interest and commitments […]
Twitter has again confirmed that the ban on the immediate past US President, Donald Trump, will not be reversed even if he runs again for Presidency in 2024. The company’s chief financial officer, Ned Segal, told CNBC’s Squawk Box “if you are removed from the platform, you are removed from the platform.” Twitter had previously […]