OPay Leads Nigeria’s Fight Against Digital Fraud
By:Cynthia Alo How Smart Technology Is Protecting Trust in Africa’s Largest Digital Economy Company Says Trust, Not Just Speed, Will Define The Next Phase Of Financial Services In Africa’s Largest Market LAGOS – As Nigeria completes one of the fastest transitions from cash to digital payments on the continent, a new battlefront has opened in […]
Abacha’s regime marked by brutal repression, rights abuses, says ex-DSS operative
Former Assistant Director of the Department of State Services, Dennis Amachree, has described the regime of late military Head of State, late Gen. Sani Abacha, as one of “extreme authoritarianism and brutal repression.” The retired intelligence officer added that Abacha’s regime was marked by widespread human rights violations and political persecution. Amachree made the remarks […]
Tinubu approves new army battalion for Kwara
By Demola Akinyemi, Ilorin President Bola Ahmed Tinubu has approved the establishment of a new Nigerian Army battalion in Omu-Aran, Irepodun Local Government Area of Kwara State, as part of efforts to strengthen security in the state. The development was disclosed in a statement issued by the Deputy Chief Press Secretary to the Kwara State […]
Nigeria can’t scale $1trn economy on shaky terrain of weak governance — Shettima
By Nkiruka Nnorom LAGOS—Vice President Kashim Shettima has said Nigeria cannot achieve its $1 trillion economy target on the shaky terrain of weak compliance, regulatory laxity and ethical ambivalence, declaring that only a bedrock of flawless corporate governance could sustain the nation’s economic ambition. Speaking at the 3rd National Corporate Governance Summit organised by the […]
CBN retains rate at 26.5%, cites Middle East tensions
•Says banks no longer need forbearance •External reserves sustains upward trend, hit $52.5bn By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 26.5 per cent. CBN Governor, Mr. Olayemi Cardoso, announced the decision yesterday after the 306th Monetary Policy Committee (MPC) meeting in Abuja. He […]
Naira appreciates to N1,409/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday appreciated to N1,409 per dollar in the parallel market from N1,416 per dollar on Monday. Similarly, the naira appreciated to N1,374.5 per dollar in the Nigerian Foreign Exchange Market, NFEM .Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira fell to […]
