Information and Communications Technology (ICT) experts have warned that Nigeria and other nations are at the risk of losing $7 trillion yearly to cyber threats if nothing is done to protect the increasingly risk-prone global cyberspace. As a risk-averting measure, Nigeria’s cyber-security experts and stakeholders in the financial service sector have charged the Nigerian government […]
Information and Communications Technology (ICT) experts have warned that Nigeria and other nations are at the risk of losing $7 trillion yearly to cyber threats if nothing is done to protect the increasingly risk-prone global cyberspace. As a risk-averting measure, Nigeria’s cyber-security experts and stakeholders in the financial service sector have charged the Nigerian government […]
…..targets N30bn capital base by year end TAJBank Limited, Nigeria’s leading non-interest lender, has formalized the kickoff the bank’s N100 billion Sukuk bond issuance with the signing of the all parties for issuance of the first ever non-interest private Sukuk bond offer in the nation’s capital market. The Bank has secured all regulatory approvals […]
The Minister of Communications and Digital Economy, Professor Isa Ibrahim Pantami, has expressed his delight over growing contribution of the Information and Communications Technology (ICT) sector to Nigeria’s Gross Domestic Product (GDP) in recent quarters. Reacting to the just published ‘Nigeria’s Gross Domestic Product Report’ for Q2 2022’ by the National Bureau of Statistics (NBS), […]
…….to subsidize merchant service charge by 50% The Central Bank of Nigeria on Saturday advised Nigerians and foreigners engaging in business and other transactions to adopt the eNaira, the just launched nation’s digital currency, as a preferred transaction platform in view of the multidimensional benefits to users and the economy. The CBN Governor, Mr. Godwin […]
Investors’ growing appetite for shares with good returns prospect was sustained in the Nigerian equities market during the week ended last Friday, as the bourse’s All-Share Index grew by 0.63% compared with the 0.59% decline recorded in the preceding week. The weekly stock market report released by the Nigerian Exchange Group (NGX) showed that the ASI […]
The Central Bank of Nigeria (CBN) on Friday announced the release of the sum of $265 million to airlines operating in the country to support their operations and partly offset the carriers’ outstanding ticket sales funds trapped in the country. The bank’s Director, Corporate Communications Department Mr. Osita Nwasinobi, in a statement quoted the CBN […]
The Nigeria Deposit Insurance Corporation (NDIC) has said that effective resolution of banks in distress as critical to guaranteeing depositors’ protection in the country. The corporation, on its official Twitter handle on Thursday, tweeted that the effective resolution of lender’s crisis would also ensure the stability of the financial system. According to the tweet, developing […]
MTN Nigeria’s Chief Enterprise Business Officer, Mrs. Lynda Saint-Nwafor, on Thursday assured telecommunication subscribers in the country that the telecom operator’s deployment of 5G technology would enhance operational efficiencies for businesses in the country. Saint-Nwafor, who gave this assurance at the Nigeria-South Africa Chamber of Commerce (NSACC) August Breakfast meeting in Lagos, said 90 percent […]
…..says 45% Nigerian adults without bank accounts The Central Bank of Nigeria (CBN) yesterday unveiled the Unstructured Supplementary Service Data (USSD) code for the eNaira, the nation’s digital currency. The bank, in a tweet, assured that the code, *997#, would help deepen financial inclusion as all transactions can be accessed through the channel. The CBN […]