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Nigeria Deposit Insurance Commission

Senate to clampdown on Bitcoin, ponzi scheme operators

The Senate of the Federal Republic of Nigeria has expressed great concern over the widespread usage of Bitcoin, a form of Cryptocurrency and other ponzi schemes across the country.

Governor Ambode tells central bank to reduce lending rate on MSME fund

Lagos State Governor, Mr. Akinwunmi Ambode, yesterday, said it was time for the government to review policies that inhibit growth, as well as come up with an efficient low-cost financial system that will work for all Nigerian.

Nigeria must create 4 million jobs annually to ensure growth – Governor Ambode

Lagos State Governor, Mr. Akinwunmi Ambode, on Saturday said for Nigeria to meet its growth ambitions and achieve full economic potential, concerted efforts must be made to create at least four million jobs annually and as well jettison policies that stifle development.

Central bank to continue supporting financial service penetration – Godwin Emefiele

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, on Saturday said that the bank would continue to support measures that would deepen penetration of financial services in the country.

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Microsoft, Walmart team up to take on Amazon

Walmart said Tuesday it was entering into a strategic partnership with Microsoft on “digital transformation” for the onetime retail industry leader.

Man docked for stealing, escaping from police custody

A 22-year-old man, Gerald Ogwu, who allegedly escaped from police custody after he was arrested for stealing N75,000, was on Tuesday brought before a Yaba Chief Magistrates’ Court.

2019: Ekiti victory is testimony of APC’s popularity – House of Reps member

A member of the House of Representatives, Alhaji Husain Kangiwa, says the All Progressives Congress victory in Saturday’s Ekiti governorship election is a testimony of the party’s popularity in the country.
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China’s most expensive movie becomes epic flop

With a $113-million budget, the most expensive Chinese film ever made has become a flop of historic proportions, pulled from theatres on its opening weekend after bringing in a paltry $7.3 million.

Oghenekaro Etebo: I turned down Premier League clubs to join Stoke City

Nigeria midfielder, Oghenekaro Etebo, has revealed that he turned down Premier League interest this summer before opting to join English Championships club, Stoke City.