Money
22 Mar
To empower Nigerian users with easy and safe access to crypto, Web3 company, ConsenSys has revealed that it is expanding its offering in Nigeria by partnering with MoonPay, to provide seamless, effective access to crypto via MetaMask, a self-custody wallet.
7 Mar
Agusto & Co, a rating and research firm, says the cash squeeze is pushing cash-dependent businesses, most of which are Micro, Small and Medium-Scale Enterprises (MSMEs) to the brink just as the wellbeing of millions, mostly rural dwellers, is being threatened by the prolonged crisis.
20 Feb
To entrench a high level of corporate governance among listed firms, audit committee members have been urged to work with the internal audit department in identifying risks that pose the greatest threat to a company's reputation, strategy and operations, as well as help ensure that such risks are mitigated.
14 Feb
The Nigeria Employers’ Consultative Association (NECA) has urged the Federal Government to look beyond the politics of the Naira redesign and focus on the damaging effects on businesses and the economy at large.
3 Feb
Despite the economic hardship in the country, the Seme Command of Nigeria Customs Service (NCS) has intercepted fake United States currency worth $6 million, an equivalent of N2.7billion at exchange rate of N460.52 and arrested two suspects conveying the fake currency from Nigeria to the Republic of Benin.
3 Feb
The embattled Nigerian banking public suffered further woes yesterday as banks Unstructured Supplementary Service Data (USSD) platforms failed to deliver for customers.
1 Feb
The Managing Director of First City Monument Bank (FCMB), Mrs Yemisi Edun, has advocated increased collaboration among banks, especially in information sharing, to effectively combat money laundering, terrorist financing and other illicit practices within the financial system.
1 Feb
Penetration of Anti-Money Laundering (AML) and Know Your Customer (KYC) activities is predicted to witness a 70 per cent increase in 2023 as players in the financial industry intensify efforts to adapt to strict regulatory compliance obligations.
1 Feb
The International Monetary Fund (IMF) in its latest World Economic Outlook update for January, has reviewed upwards growth projections for Nigeria in 2023 from 3.0 per cent, which was projected in October last year to 3.2 per cent as it retained the growth forecast for 2024 at 2.9 per cent.
29 Jan
The management of the Nigerian Maritime Administration and Safety Agency (NIMASA) has met with members of the executive management of Jaiz Bank, United Bank of Africa (UBA), Union Bank, Zenith Bank and Polaris Bank, the Federal Government approved Primary Lending Institutions (PLIs) for the disbursement of the Cabotage Vessel Financing Fund (CVFF).
29 Jan
The Central Bank of Nigeria (CBN) has granted Liberty Pay an Approval In Principle (AIP) as a Payment Solution Service Provider Super-Agent.
20 Jan
•It is sanctionable for any bank to dispense old notes via ATMs •Buhari holds meeting with Emefiele As the window for the phasing out of the old notes closes, the Central Bank of Nigeria (CBN) has stepped up an aggressive awareness programme to sensitise the public on the security and other issues about the new…
11 Jan
Guaranty Trust Bank UK Limited (GTBank UK) has reached settlement with the FCA, accepting findings in relation to historical Anti-Money Laundering (AML) controls in its operations in the period October 2014 to July 2019. The British financial watchdog, Financial Conduct Authority (FCA), fined the British subsidiary of Nigeria’s GTBank £7.6 million for failures in the…
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13 mins ago
A group, Paradigm Leadership Support Initiative, has disclosed that Akwa Ibom State scored 69 per cent to clinch the first position of Subnational Audit Efficacy (SAE) Index 2022 Report. The state won third place, last year.
1 day ago
The U.S. government has announced an increment for its non-migrant visa application fee effective from March 30.
1 day ago
A Federal High Court in Abuja on Wednesday sentenced Umar Hussaini, a private lawyer to the late Comptroller General, Nigeria Customs Service (NCS), Abdullahi Dikko, to seven years’ imprisonment with an option of fine.
1 day ago
Policymakers converge to discuss innovative solutions that can drive growth in early childhood literacy levels in Africa. NAIROBI, Kenya, 29 March 2023 -/African Media Agency(AMA)/- The People’s Action for Learning (PAL) Network hosted a high-level regional policy dialogue under the theme “Evidence for Learning” today. The forum convened key stakeholders in the education sector alongside Regional Economic…
1 day ago
Get ready to experience a whole new wave of music with the highly anticipated rebrand and relaunch of Davido Music Worldwide (DMW). As the first home to the globally renowned superstar, Davido, DMW has been a trailblazer since its establishment in 2016, consistently delivering hits and managing successful operations. The first wave of talents to…