The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, says the apex bank’s directive to financial institutions on cryptocurrency transactions, is in the best interest of Nigerians. Emefiele said this on Tuesday, while briefing a joint senate committee on banking, insurance and other financial institutions; ICT and cybercrime; and capital market. Recall that […]
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The Central Bank of Nigeria, CBN has placed a ban on cryptocurrency and ordered banks to block accounts of Nigerians trading Bitcoin with immediate effect This is causing enormous reactions as many insist it is the least of the factors affecting the economy of the nation. Reactions below
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The Tony Elumelu Foundation (TEF), the leading philanthropy empowering African entrepreneurs, has announced three senior executive appointments, effective February 1, 2021. This follows the launch of the 2021 TEF Entrepreneurship Programme, on www.TEFConnect.com, which this year prioritises the economic recovery of small and medium scale enterprises and young African entrepreneurs, following the disruptive effects of […]
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Technology has been a veritable gift to mankind, and over the years, it has been responsible for creating amazingly useful resources which put all the information individuals need at their fingertips. The development of technology has also led to so many mind-blowing discoveries, better facilities, and better luxuries, which has in-turn helped to improve lifestyle […]
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The World Bank has predicted that global economy will grow by 4 per cent in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year. The economic forecast was revealed in a statement issued in Washington D.C. on Tuesday at the presentation of the January 2021 Global Economic Prospects. It added that the […]
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On January 1, 2021, Nneka Onyeali-Ikpe, took over as the first female Managing Director of Fidelity Bank. The tenure of her predecessor, Nnamdi Okonkwo, expired yesterday, 31 December, 2020. Below is Onyeali-Ikpe’s profile as recently published on this platform: By Taiwo Lukman Not many can beat her professional pedigree. Mrs Nneka Onyeali-Ikpe has served as an Executive […]
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The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy dedicated to empowering African entrepreneurs, opens applications on its TEFConnect digital platform (www.tefconnect.com) today, January 1, 2021. This year’s intervention prioritises the economic recovery of small and medium scale enterprises (SMEs) and young African entrepreneurs, following the Covid-19 disruption to economic activities. To address the unique challenges […]
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Foreign investors withdrew a total of N433.15bn from the nation’s stock market from January to November this year, compared to N481.96bn in the same period of 2019, a new report by the Nigerian Stock Exchange on Wednesday has shown. The NSE, in its domestic and foreign portfolio report, said foreign inflows into the market fell […]
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Thirty four major companies are currently enjoying tax holiday in Nigeria, according to a report by the Nigerian Investment Promotion Commission. The federal government gives companies in critical sectors of the economy tax holiday, also known as the Pioneer Status Incentive, to encourage and attract investment into sectors that could significantly impact development and deliver […]
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The Nigerian Stock Exchange (NSE) has been named the best-performing stock market among the 93 equity indexes being tracked by Bloomberg across the world. The all-share index which opened at 38,800.01 inched higher by 310.16 points or 0.80 percent to cross the 39,000 mark and close at 39,110.17. Also, the market capitalisation rose by N167 […]
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