Banking. Revenue. TechnoBiz
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 […]
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”. […]
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 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 […]
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 […]
In furtherance of the desire to resolve its tax dispute with the Kaduna State Government amicably, Access Bank Plc has paid the sum of N240 million into the coffers of the state government. The payment by the lender was made known by the bank to the North West Zone of the Tax Appeal Tribunal, holden […]
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 […]
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 […]