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Tesla Pushes Bitcoin To Record High With $1.5bn Investment

February 9, 2021 Omoniyi Osadare 0

Bitcoin has jumped to a record high above $44,000 per coin after Tesla, an electric carmaker, invested $1.5 billion in the cryptocurrency. The digital currency hit $44,795.20 around 1325 GMT, before reducing to $44,207.95. Recently, […]

Business

Cryptocurrencies Breed Illegal Activities, Raise Risks – CBN

February 8, 2021 Omoniyi Osadare 0

The Central Bank of Nigeria has said cryptocurrencies promote illegal activities and raise risks, among other reasons. It said this on Sunday in a statement regarding various comments and reactions following its recent reminder to […]

Business

What’s The Big Deal About Cryptocurrency? By Obadiah Mailafia

February 8, 2021 Omoniyi Osadare 0

A new Central Bank of Nigeria directive, dated February 5, 2021, has ordered all deposit money banks, non-bank financial institutions and other financial institutions that have opened windows for dealing in cryptocurrencies or facilitating payments […]

Business

‘Why Ogun Is Committed To Reviving, Sustaining Cotton Production’ By Gbenga Akinfenwa

February 7, 2021 Omoniyi Osadare 0

Ogun State Government has reiterated its commitment to reviving the state’s economy by empowering interested farmers, especially youths, through various commodities, including cotton production. The Commissioner for Agriculture, Dr. Adeola Odedina, while reacting to The […]

cryptocurrency
Business

What The New CBN Directive Means For Crypto Trading In Nigeria

February 6, 2021 Omoniyi Osadare 0

The new directive by the Central Bank of Nigeria (CBN) directing financial institutions to close accounts of crypto traders may have come to many as a huge surprise. However, this is not the first time […]

cryptocurrency
Business

China, Morocco, Iran — Here Are Seven Countries That Have Banned Cryptocurrency Trading

February 6, 2021 Omoniyi Osadare 0

Cryptocurrency is a digital currency that can be used to buy goods and services, but uses an online ledger with strong cryptography to secure online transactions. Advertisement It has become a widely accepted means of […]

cryptocurrency
Banking

CBN Warns Financial Institutions Against Crypto Currency

February 6, 2021 Omoniyi Osadare 0

The Central Bank of Nigeria (CBN) has warned commercial banks and other financial institutions to desist from dealing in cryptocurrencies as it is illegal. The apex bank stated this on Friday in a statement on […]

Business

WTO: Okonjo-Iweala Thanks U.S., Buhari, Nigerians For Support

February 6, 2021 Omoniyi Osadare 0

A former Nigerian minister, Ngozi Okonjo-Iweala, has expressed appreciation to the United States, President Muhammadu Buhari and Nigerians for the support she has enjoyed thus far in her bid to become director general of the […]

Business

MultiChoice Not Considering Pay-As-You-Go Subscription Option

February 4, 2021 Omoniyi Osadare 0

South African company, Multichoice that operates the DStv and GOtv in Nigeria, has ruled out the possibility of implementing pay-as-you-go in the pay television industry in the country. According to the firm, such a subscription […]

Business

Oil Price Rises Above $57, Highest In 12 Months

February 3, 2021 Omoniyi Osadare 0

• ExxonMobil posts first annual loss in 40 years ’Femi Asu with agency reports The international oil benchmark, Brent crude, rose more than two per cent on Tuesday, hitting a 12-month high after major crude […]

Business

9mobile, Globacom, Airtel Fail Quality Tests In 20 States – NCC

February 3, 2021 Omoniyi Osadare 0

9mobile and Globacom have failed to meet key performance indicators stipulated by the Nigerian Communications Commission, the latest report by the industry regulator has shown. According to the report obtained by our correspondent on Monday, […]

Business

Poor Nigerians’ll Increase By 15 Million Soon – World Bank

February 3, 2021 Omoniyi Osadare 0

Nigeria needs to implement key reforms in order to get the economy out of the current doldrums and achieve sustainable inclusive growth, the World Bank and the Chairman of the Presidential Economic Advisory Council, Dr […]

Business

OGSG, NCAM Commence SAWAH Eco-Technology Dry Season Rice Harvest By Gbenga Akinfenwa

February 1, 2021 Omoniyi Osadare 0

The Ogun State Government, in partnership with the National Centre for Agricultural Mechanisation (NCAM), has commenced the harvest of mechanically cultivated rice using the SAWAH Eco-Technology for Rice Farming (SERIF). Governor Dapo Abiodun who flagged-off […]

Business

OGSG, NCAM Commence SAWAH Eco-Technology Dry Season Rice Harvest

January 31, 2021 Omoniyi Osadare 0

The Ogun State Government, in partnership with the National Centre for Agricultural Mechanisation (NCAM), has commenced the harvest of mechanically cultivated rice using the SAWAH Eco-Technology for Rice Farming (SERIF). Governor Dapo Abiodun who flagged-off […]

Business

COVID-19: Another Lockdown’ll Wound Economy — CBN

January 27, 2021 Omoniyi Osadare 0

By Babajide Komolafe The Central Bank of Nigeria, CBN, yesterday warned the Federal Government (FG) against imposing another total lockdown of the country, saying such a move would be catastrophic to Nigerians and the economy. […]

Business

We’ve Licensed Telcos To Provide NIN, Says NIMC

January 27, 2021 Omoniyi Osadare 0

Telecommunications companies have been licensed to register people who do not have National Identity Numbers so as to reduce the large crowds at the offices of the National Identity Management Commission, the NIMC has said. […]

Business

Food Security: Aubee Seeks Support of AU Members Over Commissioner’s Slot By By Bridget Chiedu Onochie

January 24, 2021 Omoniyi Osadare 0

The Gambian-born aspirant for the position of the Commissioner for Agriculture, Rural Development, Blue Economy and Sustainable Development in African Union, Mr. Ernest Reuben Aubee has pledged his commitment to ensuring food and nutrition security, […]

Business

CBN To Stop Exporters With Unrepatriated Proceeds From Banking Services By Wasilat Azeez

January 24, 2021 Omoniyi Osadare 0

The Central Bank of Nigeria (CBN) has directed banks to deny exporters with unrepatriated export proceeds from accessing all banking services by January 31. The apex bank issued this directive in a circular sent to […]

Business

Again, CBN Warns Money Transfer Operators To Stop Paying Diaspora Remittances In Naira By Fikayo Owoeye

January 23, 2021 Omoniyi Osadare 0

The Central Bank of Nigeria (CBN) has again warned international money transfer operators (IMTOs) and unlicensed companies to stop facilitating diaspora remittances into the country in naira. CBN, in a statement released on Friday and […]

Business

Seed Council Harps On Quality To Ensure Productivity, Food Security By Femi Ibirogba

January 22, 2021 Omoniyi Osadare 0

The National Agricultural Seeds Council (NASC) has reiterated its commitment to ensuring quality of agricultural seeds, seedlings and other inputs as fundamental requirements for productivity of farmers. The council said intensive agricultural practices by using […]

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