Banking Economy News Extra Latest News National Assembly Picture Speaks

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 […]

Banking Budgeting Economy News Extra Foreign Latest News Planning & Economic Development Political Economy

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”. […]

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 […]

Banking Economy News Extra Latest News

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 […]

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 […]

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 […]

Agriculture & Agribusiness Banking Economy News Extra Latest News Manufacturing Planning & Economic Development Political Economy Revenue

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 […]