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IMF Says Only 23% of Central Banks Can Legally Issue Digital Currencies
Researchers at the International Monetary Fund (IMF) have examined the central bank laws of 174 IMF members to answer the question of whether ...
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NIN: NIMC shuts down head office in Abuja
The National Identity Management Commission has closed its headquarters in Abuja against all National Identity Number enrolment activities. The move is not connected ...
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Top 10 Nigerian tech companies and capital raised in 2020
African startups raised over $1 billion in funding in 2020, with Nigerian startups raising 17% of this amount, $55.37million in Q1 2o2o and ...
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WhatsApp scrambles to stem the flow of users as millions protest against controversial privacy policy
WhatsApp has recently revealed an upcoming terms and conditions update that subscribers had to agree to in order to keep using the world’s ...
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Kenya to conduct survey on diaspora remittances
Kenya is set to commission a survey on diaspora remittances as it seeks to increase the inflows’ support in development and economic growth ...
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JPMorgan trims loan reserves on hopes for recovery
JPMorgan Chase & Co reported a better-than-expected quarterly profit this week as it released some of the cash it had built up against ...
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DMO offers N150 billion worth of FGN Bond for subscription in January 2021
The Debt Management Office (DMO) has announced the offer for subscription, Federal Government Bonds (FGN Bonds), valued at N150 billion for January 2021. ...
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Saudi Arabia generates $382.9m in investment banking fees
Saudi Arabia, along with the UAE, generated two-thirds of the investment banking fees in the Middle East and North Africa (MENA) last year, ...
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FMDQ Securities Exchange admits Total Nigeria Plc and 2 others CPs
FMDQ Securities Exchange Limited has announced the quotation of Total Nigeria Plc, Mixta Real Estate and Valency Agro Nigeria Limited Commercial Papers under ...
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Fintech’s Final Frontier: Central Banks and Disintermediation
The internet has many legacies, but its greatest one is disintermediation. And the greatest disintermediation of the banking system is coming soon to ...