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Nigerian government partners Crown Flour Mills to boost wheat production
The Federal Government has expressed its readiness to partner with Crown Flour Mills to expand the capacity for wheat production in the country.
VP Osinbajo advocates regulation of cryptocurrency
The Vice President Yemi Osinbajo has said that the country needs to regulate cryptocurrency, instead of the prohibition put in place by the Central Bank of Nigeria (CBN).
Senate committee assures NDDC of support, collaboration
The Chairman, Senate Committee on Niger Delta Affairs, Senator Peter Nwaoboshi, has assured the Niger Delta Development Commission, NDDC, of the support and collaboration of his committee in the task of developing the Niger Delta region.
Stanbic IBTC offers low-interest agric loans
Stanbic IBTC Bank Plc has reaffirmed its commitment to the growth of Nigeria’s agriculture sector by supporting farmers and other players in the agricultural value chain.
ICPC boss says virtual assets, cryptocurrencies risky for Nigeria
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.
Crypto ban: CBN chief honours National Assembly invitation
Emefiele arrived at the National Assembly (NASS) on Tuesday to honour the request by the Senate Joint Committee on Banking Insurance and other financial institutions, (including ICT and cybercrime).
EFCC: How Lagos Scholarship Board boss diverted N127 million to personal use
A former executive secretary of the Lagos State Scholarship Board, Stephen Oshinowo, diverted the board’s N127 million to his personal use, an EFCC investigator has said.
NESG urges Nigerian government to study, check excesses in crypto-currencies
The Nigeria Economic Summit Group (NESG) has called on the Federal Government to carry out comprehensive study on the workings of cryptocurrencies to check financial excesses.
SEC: Cryptocurrency market worth $2 trillion, it can’t be ignored
The Head of Department, Registration, Exchanges, Market Infrastructure and Innovation Department of SEC, Timi Agama, disclosed this during a virtual lecture organised by the Association of Capital Market Academics of Nigeria (ACMAN) in Abuja on Sunday.
HEDA sues accountant general over details of N173 billion MDAs budget
A Federal high Court in Abuja has been asked to compel the Accountant General of the Federation to release details of the N173 billion released to various Ministries, Departments and parastatals during COVID-19
World Remit aligns with CBN on new dollar account opening
Cross-border digital payments service, World Remit has described the move by the Central Bank of Nigeria, CBN, mandating commercial banks to open dollar accounts for customers who do not have as timely and apt.
IMF endorses CBN’s policy on cryptocurrency, seeks FX rates unification
The International Monetary Fund (IMF) has expressed its support for the recent directive of the Central Bank of Nigeria (CBN) to financial institutions to ban transactions with cryptocurrency.
Africa leads global mobile money growth with 46 percent
There are about one billion mobile money accounts globally, according to latest report by cybersecurity giants, Kerspersky. These accounts, the report revealed, process more than $1.9 billion daily.
Operators identify factors discouraging foreign investors from stock market
Foreign investors’ low patronage of the Nigerian stock market has been attributed to scarcity of foreign exchange (FX) as well as concerns about the coronavirus pandemic.
Access Bank gives incentives to customers
At the launch of the campaign, the Executive Director, Retail Banking, Access Bank Plc, Victor Etuokwu, said, the Valentine season gave the bank an opportunity to, as reported by Thisday, show love to its customers and reward their loyalty for banking with us.
NSE opens week with 0.33% growth on Seplat, Lafarge Africa gains
Trading in the domestic equities market commenced the week on a positive note, growing by 0.33 per cent due to buying interests in Seplat, Lafarge Africa and Tier-1 banking stocks.
Fidelity Bank Plc issues largest ticket Tier II local bonds in Nigeria
Fidelity Bank Plc has successfully issued 10 years N41.21 billion in fixed rate unsecured subordinated bond at a 8.5 percent coupon rate due in 2031.
NAFDAC: Influx of psychotropic drugs fuelling terrorism, insecurity
The National Agency for Food and Drug Administration and Control (NAFDAC) has linked the current challenge of internal security within the country to uncontrolled influx and use of psychotropic medicines such as Tramadol and other chemicals.
Cryptocurrency: How 270 addresses got $1.3 billion illicit payments
Amidst the furore generated by the Central Bank of Nigeria’s crackdown on the activities of cryptocurrency traders, research has revealed that criminals are using a small group of crypto brokers to launder hundreds of millions of dollars around the world.
Twitter chief partners with Jay-Z on $23 million bitcoin development fund
Twitter CEO Jack Dorsey and musician Jay-Z have pledged 500 bitcoin (around $23.3 million) toward ₿trust, an endowment to fund bitcoin development, Dorsey announced on Twitter today.
Jigawa governor: Hajj savings scheme will boost MSMEs, financial discipline
The newly introduced Hajj Savings Scheme by the National Hajj Commission of Nigeria (NAHCON) in collaboration with State Muslim Pilgrims Welfare Boards and Jaiz Bank Plc will boost access to finance Micro, Small and Medium Enterprises (MSMEs), the Jigawa State Governor, Muhammad Abubakar, has said.
SEC suspends approval of cryptocurrency-related products
The Securities and Exchange Commission says it has suspended the approval of cryptocurrency and related products after the Central Bank of Nigeria ordered banks to terminate accounts connected to digital currencies.
Recent Stories
Nine dead, 14 seriously injured as 3 vehicles clash in Kano
FRSC Sector Commander, Zubairu Mato, while confirming the accident in a statement issued on Sunday, said that 41 others were injured in the Sunday evening accident.
South Korean births of male newborns decline in 2020 – data
Preliminary data by Statistics Korea, on Monday, revealed that the portion of male births of the total newborns in South Korea declined to a record low in 2020.
PCA: Appeal court justices appointment followed due process
The appointment of justices to the Court of Appeal followed due process, says President of the Court of Appeal, Monica Dongban-Mensem.
NBA sets up 20 committees on judiciary, human rights, anti-corruption, others
The Nigerian Bar Association (NBA) has set up standing committees on 20 thematic areas including the judiciary, human rights, anti-corruption, among others.
NIFAN elects Jaiz Bank chief as pioneer president
The Non-Interest Financial Institutions Association of Nigeria (NIFIAN), on Friday in Abuja elected the Managing Director of Jaiz Bank Plc, Hassan Usman, as its pioneer president.
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U.S. seeks to return to U.N. human rights body
The United States will seek election to the U.N. Human Rights Council later this year, U.S. Secretary of State Antony Blinken said on Wednesday, marking the Biden administration’s latest international re-engagement.
WHO pledges to support Kebbi toward elimination of cervical cancer
The World Health Organisation (WHO) is strengthening collaboration with the office of Kebbi State Governor’s wife to champion early cancer detection to eliminate the disease in the country.
Borno governor orders special medicals for nine wounded CJTFs
Borno State Governor, Professor Babagana Umara Zulum, spent Thursday in Dikwa, supervising distribution of social protect cash and food varieties to 34,000 vulnerable women and male households.
NDPHC to export 70MW of electricity to Togo
The management of the Niger Delta Power Holding Company, NDPHC, has disclosed that the company has entered a bilateral agreement with the Republic of Togo to supply the country with 70 Megawatt, MW, of electricity under the Power Purchase Agreement, PPA.
18 killed as dozens of bandits neutralised in Kaduna
Kaduna state government has said security agencies have reported a sequence of attacks by armed bandits on soft targets in Igabi and Chikun local government areas killing 18 residents.