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Nigeria’s Securities and Exchange Commission (SEC) has warned unregistered investment-tech platforms to desist from offering foreign securities to Nigerians.
Kingsley Moghalu, former presidential candidate of the Young Progressives Party (YPP), says terrorists and kidnappers are now demanding ransom in cryptocurrency.
The Nigerian Technology Industry Group has said there should be core policies that would help in regulating cryptocurrency providers in Nigeria. The group stated this following the directive given by the Central Bank of Nigeria (CBN) last month that deposit money banks (DMBs), non-bank financial institutions (NBFIs) and other financial institutions (OFIs), should not deal with cryptocurrencies and facilitating payments for cryptocurrency providers in Nigeria.
MTN Mobile telecommunications group MTN, which is plotting to exit markets outside the African continent, has now embarked on a plan of separating its infrastructure assets business as it looks to enhance growth through streamlined operations.
The African Development Bank (AfDB) has approved two grants worth $1.3 million for research aimed at increasing women’s access to a range of digital financial services on the continent.
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.
As the recent directive by the Central Bank of Nigeria (CBN) asking commercial banks to stop facilitating cryptocurrency transactions in Nigeria continues to generate controversy, the Securities and Exchange Commission (SEC) has stated that it will continue to monitor developments in the digital asset space and further engage all critical stakeholders.
The Securities and Exchange Commission (SEC) says it will put on hold, admittance into its Regulatory Incubation Framework for Fintech firms, all persons affected by the Central Bank of Nigeria (CBN) cryptocurrencies circular.
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) yesterday said its decision to ban the use of cryptocurrencies in the country is to protect Nigerians and the nation’s financial system from the illegal nature of such currencies and the inherent risks associated with them.
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, said the ongoing reforms to increase diaspora remittances into the country will support the economy and help reduce the impact of the COVID-19 pandemic.
Insecurity, one of the vexed issues in Nigeria currently was one of what President Muhammadu Buhari spoke on today in his national broadcast. He vowed to reorganize the security apparatus in order to be able to tackle insurgency, banditry, kidnappings, piracy and other crimes.
President Muhammadu Buhari used his New Year speech on Friday to once again make promises to Nigerian youths to bequeath to them a nation in which their future is secured.
Nnamdi Okonkwo, the managing director of Fidelity Bank, has been named the banking sector CEO of the decade at the recently held BusinessDay Banks and Other Financial Institutions (BAFI) Awards.
On the same day, Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, while speaking at the 55th Annual Bankers Dinner organised by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos, predicted a two per cent growth in the country’s Gross Domestic Product (GDP) in 2021.
Nigeria-based fintech solution, NowNow, has said that it will continue to upgrade its services to attune to current realities, such that will drive economic and social growth.
The Federal Government says it will repackage its social intervention programmes to ensure it reached more people at the grassroots.
Barring unforeseen circumstances, the newly licenced Lagos Commodities and Futures Exchange (LCFE) is targeting no fewer than 10 million Nigerian youths for empowerment as commodities traders under its proposed seamless capacity building.
The Nigeria Police Force, NPF, has arrested five persons, Lawal Abiola; Afeez Rasaq; Akeem Gbolahan; Idowu Jelili and Safiriyu Oyebanji over alleged involvement in the stealing of a 40-foot container of Cocoa worth N55 million meant for export to the United States of America, USA.
The Joint Admissions and Matriculation Board (JAMB) has said the use of email is no longer required for the Unified Tertiary Matriculation Examination (UTME) and Direct Entry (DE) registration processes.
The United States authorities have charged 48-year old Modestus Nwagubwu Ifemembi to court over fraudulent claims he provided to obtain the US citizenship 10 years back.
The Corporate Affairs Commission (CAC) says it will be possible for companies in Nigeria to be registered within three hours, before the end of 2021.
Muslim communities have been called upon to use the holy month of Ramadan to pray fervently against the challenges of insecurity as well as for unity and progress of the state and the nation as a whole.
A former President of the Senate, Senator David Mark, has charged Nigerians to bury their religious and ethnic differences and come together to establish a common front against forces threatening the peaceful coexistence of the people.
The Northern Elders Forum, NEF, has said that 2023 would not be business as usual because Northerners have learnt their lessons at great cost and would only vote for people that cared for them.
“There is a lot of harm being done on Facebook that is not being responded to because it is not considered enough of a PR risk to Facebook,” Zhang told The Guardian. “The cost isn’t borne by Facebook. It’s borne by the broader world as a whole.”
The Chairman, Nigerians in Diaspora Commission (NIDCOM), Mrs. Abike Dabiri-Erewa, has described the death of 19- year-old Richard Okorogheye in London as very sad and painful.
The immediate past Inspector General of Police, Mohammed Adamu, has formally handed over to the new acting Inspector General, Usman Alkali.