digital finance
CBN, Brazil Central Bank boost strategic ties on fintech and remittances
The Central Bank of Nigeria (CBN) and Brazil’s Central Bank have opened a new chapter in economic diplomacy as both institutions deepen collaboration on fintech innovation, financial stability, and cross-border remittances. The development followed a high-level meeting between Olayemi Cardoso, Governor of the CBN, and his Brazilian counterpart, Gabriel Muricca Galípolo, during President Bola Tinubu’s […]
NAICOM Set to Unveil New Guidelines on Annuities and Cyber Risk Management
The National Insurance Commission (NAICOM) is set to release supplementary regulatory guidelines aimed at strengthening protection for Retiree Life Annuity (RLA) funds and enhancing the cybersecurity resilience of the Nigerian insurance sector. This move comes amid rising concerns over annuity defaults and the growing threat of cyberattacks on financial institutions. Disclosing the development after the […]
EFCC Cracks CBEX: Cash Recovered, Arrests Made
The Economic and Financial Crimes Commission (EFCC) has confirmed significant progress in its investigation into the collapsed cryptocurrency investment platform, CryptoBank Exchange (CBEX), which defrauded thousands of Nigerians of an estimated ₦1.3 trillion. Speaking in an interview on Television Continental (TVC), EFCC Chairman Ola Olukoyede revealed that the anti-graft agency has made “reasonable arrests” and […]