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SEC warns Nigerian fintechs against trading foreign stocks

Nigeria’s Securities and Exchange Commission (SEC) has warned unregistered investment-tech platforms to desist from offering foreign securities to Nigerians.

Ex-CBN deputy governor: Terrorists, kidnappers now demanding ransom in cryptocurrency

Kingsley Moghalu, former presidential candidate of the Young Progressives Party (YPP), says terrorists and kidnappers are now demanding ransom in cryptocurrency.
The Central Bank of Nigeria (CBN) says it will continue to do all within its regulatory powers to educate Nigerians to desist from use of cryptocurrencies — despite growing criticism.

Stakeholders canvass policies to regulate 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 unveils new growth strategy as it plots to take over Africa

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.
Africa Development Bank (AfDB) is planning to invest $10 billion for the expansion of renewable energy projects in the continent, over the next five years.

AfDB approves $1.3 million grant for female financial inclusion research in Africa

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 Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Crypto ban: We acted in Nigerians’ best interest – CBN

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 Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Cryptocurrency: SEC to engage critical stakeholders on regulatory structure

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 Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Cryptocurrencies: SEC to suspend admittance of persons affected by CBN circular

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.

IMF: Nigeria’s economic outlook remains challenging

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) says it will continue to do all within its regulatory powers to educate Nigerians to desist from use of cryptocurrencies — despite growing criticism.

CBN: No going back on cryptocurrencies

The Central Bank of Nigeria (CBN) says it will continue to do all within its regulatory powers to educate Nigerians to desist from use of cryptocurrencies — despite growing criticism.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

CBN: Crypto ban’s to protect Nigerians, financial system

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.

CBN governor: Improved diaspora remittances will boost economy

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.
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Nigerian president: How we will tackle insecurity this year

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 Buhari has assured that his administration will look into the 12-point recommendations by graduates of National Institute for Policy and Strategic Studies (NIPSS) on Population Growth and Human Capital Development in Nigeria.

Nigerian president promises to secure youths’ future

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.
President Muhammadu Buhari, on Friday, said the Federal Government would engage the services of members of the National Youth Service Corps to champion the implementation of the Sustainable Development Goals 2030 at the grassroots.2

President Buhari’s New Year broadcast — full text

President Muhammadu Buhari in a speech on New Year’s Day recommits himself to serve the nation, promises to develop Nigerian youths and re-organise the police and the armed Forces to make them proactive.
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.

Fidelity boss named banking sector CEO of the decade

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.

Nigerian government seeks new Eurobond

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.

Firm restates commitment to enhance financial inclusion

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.
Minister of Information and Culture, Alhaji Lai Mohammed

Why Nigerian government is repackaging social intervention programmes – minister

The Federal Government says it will repackage its social intervention programmes to ensure it reached more people at the grassroots.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

CBN, NCC urged on Fintech talent survey

Fintech specialists and other stakeholders have tasked the Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) to conduct a talent needs survey to bridge the skills gap.
LCFE’s Managing Director and Chief Executive Officer, Mr Akin Akeredolu-Ale, confirmed the plan at a programme to commemorate the 2020 World Investment Week (WIW) which focuses on financial literacy.

Lagos commodities exchange targets 10 million youth for empowerment

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 Senior Vice President, Product Management, Digital Payments and Labs, Middle East and Africa, Gaurang Shah, Mastercard, has said the Small and medium enterprises (SMEs) segment of the economy has been terribly hit by Covid-19 pandemic.

MasterCard: SMEs terribly hit by pandemic

The Senior Vice President, Product Management, Digital Payments and Labs, Middle East and Africa, Gaurang Shah, Mastercard, has said the Small and medium enterprises (SMEs) segment of the economy has been terribly hit by Covid-19 pandemic.

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The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Police nab five for stealing N55 million cocoa export consignment

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.

JAMB scraps use of email for UTME, DE registration

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.
According to a report by the US Department of Justice (DOJ), Ifemembi, originally of Nigeria, was arrested in Maryland on Wednesday, April 7, 2020, on a federal charge that he obtained U.S. citizenship under a false name. It added that he made false statements to acquire U.S. citizenship, in addition to employment with USCIS.

Nigerian faces 10 years in jail for obtaining U.S. citizenship using fake identity

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 Registrar-General-Chief Executive, Corporate Affairs Commission (CAC), Alhaji Garba Abubakar, yesterday said all accredited customers must revalidate their accreditation with the commission before the end of March or have their accounts suspended.

CAC aims to register new company within three hours

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.
Gombe state Governor, Muhammadu Inuwa Yahaya has declared that the challenging experience the state went through in the 2020 fiscal year will be used to sharpen the vision of the government for the 2021 fiscal year and beyond.

Ramadan: Gombe governor calls for fervent prayers against insecurity

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.

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Senator Mark urges Nigerians to bury religious, ethnic differences

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.
Chairman of NEF and former Vice-Chancellor of Ahmadu Bello University (ABU), Zaria, Professor Ango Abdullahi who spoke during the opening of the Northern People’s Summit at the Arewa House Kaduna on Wednesday, said Northerners will not vote along with ethnicity and faith in electing political leaders in 2023, while those that would be voted for must have the socio-economic development plans for the northerners irrespective of tribe and religion.

Northern elders: 2023 not business as usual

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.
Facebook on Tuesday said the coronavirus pandemic has users flocking to its services while it undermines ad revenue on which the world’s biggest social network depends.

Facebook loophole allowing politicians to fake support, criticize opponents

“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-CEO, Nigerians in Diaspora Commission, Hon. Abike Dabiri-Erewa.

NIDCOM condoles with family of Richard Okorogheye

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.

Ex-IGP Adamu formally hands over to Alkali

The immediate past Inspector General of Police, Mohammed Adamu, has formally handed over to the new acting Inspector General, Usman Alkali.