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The Nigeria Interbank Settlement System (NIBSS) has issued approved standard operating guidelines for the Bank Verification Number (BVN) matching system, mainly for a harmonised way of verifying customer’s identity.
A United State of America based Cyber Security expert, Dr. Augustine Ohwobete has told organizations, especially financial institutions to put measures in place to check cyber crimes, following the pace at which digital disruption and innovative new technology were reaching the market.
On February 5, the Central Bank of Nigeria (CBN) released a circular addressed to banks and other financial institutions with the directive that transactions in cryptocurrencies and facilitating payment for cryptocurrency exchanges were prohibited.
The Senate, Tuesday, considered a critical bill seeking to empower the Asset Management Corporation of Nigeria (AMCON) in the aspect of assets recovery, as well as strengthen it against economic sabotage by debtors with unpaid loans to the tune of about N16 trillion naira.
The Economic and Financial Crimes Commission (EFCC) is charged with the responsibility of enforcing the provisions of all laws relating to economic and financial crimes, Africa’s leading human rights lawyer, Mr. Femi Falana (SAN) has said.
FMDQ Securities Exchange recently approved the listing of the Fidelity Bank Plc Series 1N41.21billion Fixed Rate Subordinated Unsecured Bond under its N100.00billion Bond Issuance Programme to its platform.
Telecom operators in Nigeria on Friday announced that they will stop the use of Unstructured Supplementary Service Data (USSD) by banks and other financial institutions in the country by Monday.
The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the Bank’s decision to prohibit deposit money banks, non-banking institutions, and other financial institutions from facilitating trading and dealings in cryptocurrency is in the best interest of Nigerian depositors and the country’s financial system.
The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye, SAN, on Tuesday said virtual assets and cryptocurrencies are risky for implementation in Nigeria.
Analysts yesterday forecasted a faster economic recovery for Nigeria as crude oil prices, at $60 per barrel, hit a new high since February 2020.
The International Monetary Fund (IMF) says that Nigeria’s outlook remains challenging and charged the federal government to urgently undertake policy adjustments.
The Central Bank of Nigeria (CBN) has opened investigations into bank accounts of companies involved in the trading of cryptocurrencies with the intention of blocking those with suspicious transactions and fraud.
The Arewa Consultative Youth Movement, Ohanaeze Ndi Igbo Youth Movement, Oduduwa Youths and Middle Belt Youths have hailed the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, over the bank’s recent policy stopping Deposit Money Banks (DMBs), non-financial institutions and other financial institutions from doing business in crypto and other digital assets.
Former Finance Minister Seth Terkper has revealed that Ghana risked returning to the International Monetary Fund (IMF) for support following the rising debt.
President Muhammadu Buhari, on Sunday, mourned a former Minister of Commerce and Industry, Jubril Martins-Kuye, who died earlier in the day.
Mr Bayo Olugbemi, President, Chartered Institute of Bankers of Nigeria (CIBN) says the banking sector in Nigeria has a good capital base to facilitate the successful implementation of the African Continental Free Trade Area (AfCFTA) agreement.
Reason: the industry is faced with a tougher operating environment that could threaten the operators’ ability to meet their stakeholders’ needs and expectations yet perform meaningful corporate social responsibility roles.
Its Director-General, Dr Muda Yusuf, attributed the projected inflation outlook for the incoming year to the combination of food supply shocks, heightened insecurity in major food-producing states, foreign exchange policies, illiquidity and higher energy costs.
A report by the National Bureau of Statistics (NBS) has shown that Nigeria’s banking sector non-performing loans dropped by N42.4 billion in three months.
A total volume of 2,781,526,188 transactions valued at N319.99trn was recorded in the third quarter of this year based on data on electronic payment channels in the Nigeria banking sector, the Nigerian Bureau of Statistics has said.
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Scientists at a leading global grains research institute expect to sharply ramp up new wheat varieties enriched with zinc that can boost the essential mineral for millions of poor people with deficient diets, the institute’s head told Reuters.
The National Tuberculosis and Leprosy Control Programme has urged the media to assist in enlightening the public on the causes, prevention and treatment of tuberculosis .
The curtain was drawn on the 20th National Sports Festival tagged ‘Edo 2020’ yesterday with the defending champions, Team Delta, amassing an astonishing 384 medals, comprising 158 gold, 116 silver, 110 bronze to beat Host Edo State and other participating states to the number one position for the sixth consecutive time.
The Nigerian Security and Civil Defence Corps (NSCDC), Edo Command, says it foiled a jailbreak attempt by inmates at the Nigerian Correctional Service (NCoS) facility, Ubiaja, Esan South East Local Government Area.
The highly-rated RB Leipzig boss has recently been linked with Tottenham, among other clubs across Europe, in the event that Spurs decide to part company with Jose Mourinho after a frustrating 2020/21 campaign.
Medecins Sans Frontieres (MSF) known as Doctors Without Borders said that 1,158 cases of measles were recorded within Maiduguri and environs within the past five months.
The National Human Rights Commission (NHRC) has vowed to probe the petition accusing the chairman of the Code of Conduct Tribunal (CCT), Danladi Umar, of assaulting a security guard at an Abuja plaza.
The Federal Government will inject five to 10 million Liquefied Petroleum Gas (LPG) gas cylinders into the market in the next one year, according to Mr Dayo Adeshina, Programme Manager, National LPG Expansion Implementation Plan.
The Council for the Regulation of Engineering in Nigeria (COREN) on Thursday commissioned its branch office in Nasarawa State amid warning to engineering practitioners practicing in the state to uphold standards in rendering their services or face sanctions.
Taofeeq Arapaja, a former deputy governor of Oyo State, has emerged the National Vice-chairman (South-west) of the Peoples Democratic Party (PDP).