Money

The National Insurance Commission (NAICOM) has revealed plans to lead deliberations at the 2023 National Confab on ‘Building Local Content Synergy between the Insurance Industry and Oil and Gas Sector.’

Inter switch has partnered with Equity Bank, one of the top Banking Groups in East Africa, to provide the bank’s customers with faster and more affordable banking services at over 650 Interswitch-enabled ATMs belonging to 17 local banks in Uganda

Nigeria is witnessing a rise in forex trading adoption, driven by the country's high youth unemployment rate. Many Nigerians are exploring forex trading as an opportunity to earn a living, even though it is considered a high-risk venture. However, traders in Nigeria, particularly beginners, face increased risks of financial loss due to scams prevalent in…

Experts said the collapse of Silicon Valley Bank (SVB) has necessitated the need for stronger regulation and supervision to achieve a sound, stable and healthy financial system.

Of the $836.5 billion mobile money transactions processed in Africa, West Africa recorded $277 billion.

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.

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.

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.

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.

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.

The embattled Nigerian banking public suffered further woes yesterday as banks Unstructured Supplementary Service Data (USSD) platforms failed to deliver for customers.

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.