The Retail Secondary Market Intervention Sales (SMIS) received a boost of 280.04 million dollars and 28.3 million Chinese Yuan from the Central Bank of Nigeria (CBN) reports Guardian.ng The bank’s Director, Corporate Communications Department, Mr Isaac Okorafor, made this known in a statement in Abuja on Friday. “CBN also injected CNY 28.3 million in the…
Hitachi Vantara will be organising a data analytics insight forum. The DATA Company hopes to gather Nigerian business and technology leaders in Nigeria to enhance their knowledge on data maximisation. The event tagged Hitachi Forum, holds next week Tuesday at the Transcorp Hilton, Abuja, the event will engage various organizations in the public and private…
The Economic and Financial Crimes Commission of Nigeria —organisation incharge of tracking down fraudulent activities in the country is set to investigate Paxful NG. According a petition by United Global Resolve for Peace, a Non-Governmental Organisation. The accounts of many Nigerians trading on Paxful had been deactivated and the funds in it trapped. UGRP Executive…
The Blockchain and Cryptocurrency Industry in Nigeria is gaining more adoption and growth. Many cryptocurrency activities geared towards empowering more user base is at its pick in the region. Different organizations and groups, organise programs to help in a positive adoption of cryptocurrency. Blockchain African Ladies is a prominent non-profit organisation that helps in supporting…
The Deputy Governor Central Bank Of Nigeria Mr Lametek Adamu has called on the attention of the public regarding issues arising from fake email addresses sending out mail and requesting deals in the name of the Deputy Governor. According to the report issued by the nation’s bank through Mr Isaac Okorafor, Director Corporate Affairs. The…
In a statement issued by the Head, Communication and Public Affairs of the NDIC, Mr Mohammed Ibrahim, on Friday in Abuja. The Minister of Finance, Mrs Zainab Ahmed, urged the Central Bank Of Nigeria (CBN) and Nigeria Deposit Insurance Corporation (NDIC) to apply due diligence and legal procedures in investigation and prosecution of directors that…
From the information gathered at the ECOWAS headquarters in Abuja. Every details for the launch of the unified currency for the region by the sub-regional body’s Macroeconomic Policy and Economic Research Department is being strengthened. Under the current arrangement, all monetary authorities in West Africa are to be unified by an economic convergence plan with…
The National Information Technology Development Agency, NITDA released five new regulatory instruments to ensure a well regulated and organized best practice for efficient development of Information Technology sector in Nigeria. The new guidelines includes: The Rule Making Process Regulation of NITDA; The Nigerian Data Protection Regulation; Guideline for It Clearance; Guidelines for Public Internet Access…
REGULATED IN SOUTH AFRICA. South Africa, the second largest economy in Africa previously in 2015 released straight no statement on Cryptocurrency activities in the country. But as of Jan 2019, the Intergovernmental Fintech Working Group comprised of members from the Treasury and the South Africa Reserve Bank (SARB) released the country’s consultation papers on the regulatory…
Nigeria’s Foreign Direct Investment (FDI) fell by 36 per cent to $ 2.2 billion in 2018 from $3.5 billion in 2017 as was disclosed by The United Nations Conference on Trade and Development (UNCTAD). The Continent has experienced an increase in the Foreign Direct Investments (FDI) with a 6.0 percent growth in 2018 as against…
