Blockchain

LIRS launches whistleblowing initiative to promote ethical standards

The initiative, which was done in partnership with Deloitte Nigeria, was launched on Friday, August 5, 2022, in Ikeja. The Whistle-blowing facility which is referred to as the ‘Deloitte Tip-Offs Anonymous’ is designed to ensure that concerns about wrongdoings within the LIRS can be raised by any stakeholder without fear of intimidation. Speaking at the launch, the Chairman of the agency…
Read more
Economy

Nigeria loses N891bn to gas

Nigeria lost N891bn to gas flaring in 18 months, according to data from the Nigerian Oil Spill Monitor, an arm of the Nigerian Oil Spill Detection and Response Agency, NOSDRA, released on Sunday. The data revealed that the country lost a total of N707bn in 2021 and N184bn in…
Economy

FG disburses N1.24tn to 4.21m enterprises – Report

The Federal Government has disbursed N1.24tn to 4.21 million enterprises through the Bank of Industry in six years, the latest report on disbursements by the bank showed. Data in the report indicated that the disbursements, comprising loans and grants, were received by…
Markets

Over $300 million stolen by hackers as 4 Crypto firms suffer major attacks

In the space of just about a month and a few days, four major cryptocurrency firms have been attacked and over $300 million lost as hackers succeeded in gaining access to thousands of crypto wallets. With the crypto industry already unsettled with the complaints of un-stabilized prices, the recent commotion has displaced over 10,000 traders who trade under four different firms. For Harmony…
Read more
Technology

Valley Top Launched A Social Networking Platform 'Valutok' to enrich its users financially

The founder and chief executive officer of Valley top Communications Limited Mr. Andrew Odoe has launched a social networking platform, Valutok to enrich its users financially for their daily activities on the platform. Odoe spoke on his drive towards the initiative, linking it to the pandemic era and the financial struggles that people were faced with despite their social media usage while…
Read more
Markets

MSME survival fund records over 1,258,183 beneficiaries in two years

The Project Coordinator, MSME Survival Fund and Guaranteed Offtake Scheme, Tola Adekunle, has stated that over 1,258,183 beneficiaries have benefitted from the Federal Government’s Micro Small and Medium Enterprises (MSME) survival fund. Indeed, the MSME fund launched by the Buhari-led administration in 2020 was to cushion the effects of the COVID-19 pandemic especially on vulnerable MSMEs and…
Read more