Nigeria Deposit Insurance Corporation (NDIC) have warned Nigerians against the use of cryptocurrencies because the Central Bank of Nigeria (CBN) does not recognize them as legitimate currency, local news outlet Business Post Nigeria reported yesterday, March 23. Business Post Nigeria notes that this is not the first warning against cryptocurrencies, as “various government agencies in […]
Spanish police have rescued 39 women and girls smuggled in from Nigeria and trafficked into sex work by a notorious Nigerian gang. Europol says the victims were kept in “squalid conditions in caves” and intimidated with voodoo threats. Gang members forced the women into sex work in order to pay off a 30,000 euro ($37,000; […]
By Foster Obi Fifteen ships would be discharging petroleum products and other merchandise at the Apapa and Tin-Can Island Ports in Lagos on Friday, according to the Nigerian Ports Authority (NPA) NPA said that out the 15 vessels, four would be discharging petrol. It noted that the other ships would be discharging bulk wheat, general […]
Islamist insurgents arrived in the northeastern Nigerian town of Rann on March 1. Ignoring the camp for 55,000 people displaced by the region’s conflict, they stormed the nearby military base. Inside, the gunmen executed eight security personnel and three aid staff working for the United Nations, according to security sources and photos seen by Reuters. […]
The US Dollar’s retreat in the wake of the FOMC policy announcement buoyed raw materials prices, which are typically denominated in terms of the benchmark currency on global markets. Officials delivered a widely expected interest rate hike but offered guidance that was a bit more cautious than markets anticipated. Most notably, the projected number of […]
The US Dollar’s retreat in the wake of the FOMC policy announcement buoyed raw materials prices, which are typically denominated in terms of the benchmark currency on global markets. Officials delivered a widely expected interest rate hike but offered guidance that was a bit more cautious than markets anticipated. Most notably, the projected number of […]
Africa’s leading industrialist Aliko Dangote and Microsoft founder and philanthropist, Bill Gates are expected to address a special session of the National Economic Council on Thursday. A media advisory released by Vice President Yemi Osinbajo’s office said the two businessmen will deliver opening speeches at the meeting. The Special session underscores the Buhari administration’s Economic […]
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has warned the federal government against the outright sale of critical national assets as contained in the Economic Recovery and Growth Plan (ERGP). In the ERGP, it was proposed that the government should reduce its equity in the Nigeria Liquefied Natural Gas (NLNG) and the Federation’s Joint […]
Operatives of the Economic and Financial Crimes Commission (EFCC) and the Office of the National Security Adviser (ONSA), have allegedly discovered $9 million cash at the residence of the sacked Coordinator of the Presidential Amnesty Programme, retired Brig.-Gen. Paul Tarelah Boroh, according to Vanguard reports. Boroh, who was Special Adviser on Niger Delta to President […]
Researchers have discovered unknown persons are using bitcoin’s blockchain to store and link to child abuse imagery, potentially putting the cryptocurrency in jeopardy. The blockchain is the open-source, distributed ledger that records every bitcoin transaction, but can also store small bits of non-financial data. This data is typically notes about the trade of bitcoin, recording […]