Nigeria Deposit Insurance Corporation (NDIC) is making immense effort to ensure that its current regulatory framework protects depositors from risks that could arise from emerging Fintech solutions in the country. According to the Managing Director, NDIC, Umaru Ibrahim, he stated that the emergence of Fintech is relatively new in the...
Nigerians are now expected to buy Petrol at higher prices following the announcement made by the Nigerian National Petroleum Corporation, (NNPC) that there will be an increase in the price of petrol from N147.67 kobo per litre to N155.17 kobo per litre. According to the Petroleum Products Marketing Company...
Nigerian traders living in Ghana have continuously suffered all sorts of harassment and intimidation, with Ghanaian authorities forcefully locking up their shops without asking for the documents or evidence of payments. Recall that a video went viral on social media, showing a Nigerian business merchant standing against policemen, claiming that...
Governor of Lagos, Babajide Sanwo-Olu has confirmed the appointment of Abisola Olusanya as the state's new Commissioner for agriculture. In a statement from the Lagos State Government, the confirmation of Olusanya’s appointment was issued by the Lagos State Head of Service, Hakeem Muri-Okunola. The statement partly read: “Abisola Olusanya is a...
The Central Bank of Nigeria (CBN) has expressed serious opposition to a lawsuit before a Federal High Court in Lagos seeking the removal of Arabic inscriptions on naira notes. It all began when Malcolm Omirhobo, a Lagos-based lawyer, opined that the Arabic words portrayed Nigeria as an Islamic country, which...
It’s no longer news that some #Endsars protesters' bank accounts have been frozen. This, Unmask NG, learnt might be unconnected to their involvement in the nationwide protests against police brutality in Nigeria. While the Central Bank of Nigeria (CBN) secured court approval to restrict the protesters' accounts, the protesters can...
The Central Bank of Nigeria (CBN) has disclosed the types of businesses that are qualified to access Federal Government’s N75 billion Youth Investment Fund. The businesses, according to the apex bank, are -Technology/Innovation; agriculture and related value chain; green economy and renewable energy sector; manufacturing, hospitality/tourism; construction and logistics and...
The European Union (EU) has reiterated support for Nigeria’s former Minister of Finance, Ngozi Okonjo-Iweala, to become the next Director-General of the World Trade Organisation (WTO). During a video conference with President Muhammadu Buhari, the President of the European Council, Charles Michel, gave the re-assurance to ensure that the Nigerian...
No less than 4,000 unemployed youths in Lagos, will get N40,000 monthly stipends from Lagos state government, as Governor Babajide Sanwo-Olu approved an internship programme for them. Yetunde Arobieke, the Honourable Commissioner for Wealth Creation and Employment, made this disclosure via a statement she shared on social media. In the statement,...
Despite opposition from the US government, most European Union member states have continued to express their support for Nigeria’s former finance minister, Ngozi Okonjo-Iweala, as the next director-general of the World Trade Organisation. The WTO’s effort to select a new leader by consensus hit a brick wall on Wednesday after...