Economy

  “We will reform the policy to encourage the prudent use of blockchain technology in banking and finance, identity management, revenue collection, and use of crypto assets. We will establish an advisory committee to review SEC regulation on digital assets creating a more efficient and business-friendly regulatory framework.” PEGASUS REPORTERS, LAGOS | MARCH 14, 2023 Nigerian President-elect Bola Tinubu has ...

    You May Want T0 Opt For Cash, Credit Card, Or Another Method In Certain Circumstances! PEGASUS REPORTERS, LAGOS | FEBRUARY 16, 2023 Advances in technology have transformed the way we regularly pay for things. Now, it’s becoming increasingly more common to swipe or tap your card or smartphone when you’re settling up at the register—even for the most ...

  Nigeria’s first Community investing by small-ticket retail investors in alternatives goes mainstream in Africa. PEGASUS REPORTERS, LAGOS | FEBRUARY 16, 2023 Alternative Finance Limited (Obelix), Nigeria’s SEC-regulated Crowdfunding Intermediary, today announced that it has fundraised N100 million from 9,324 registered small-ticket retail investors for 3 promising small and medium enterprises in just 10 days, thus successfully pioneering an alternative ...

  “Many of them are aware that it’s the middle and junior staff who are facing the public and being beaten up.  They see it every day since the problem started but they keep telling us that it will be over soon. But we know that they can’t talk because they are afraid of being sanctioned”  PEGASUS REPORTERS, LAGOS | ...

  “Oga, this is the only job I have for now. I’m not happy to charge my customers high interest but if I don’t do that, it means I have to close the business. You know that when you lose them, it’s not easy to get them back. They know that our charges are the same everywhere” she concluded” PEGASUS ...

  “Corporates that require cash should only be given the old N100 notes and below. Corporates must not be given the new notes…All new notes have tracking numbers to trace them back to State, Bank and Bank branches. So notes confiscated at parties and other locations can be traced back to the Bank and applicable branch” PEGASUS REPORTERS, LAGOS | ...

  Speaking at a virtual launch of the card scheme on Thursday, the Governor of the CBN, Godwin Emefiele, said: “all domestic transactions that are that are going to be conducted in Nigeria will have to be through the Nigerian domestic cards” PEGASUS REPORTERS, LAGOS | JANUARY 28, 2023 With the launch of the National Domestic Card scheme, Afrigo, the ...

  “The plan is to deliver Africa’s first central bank-driven, domestic card scheme that combines a fully domestic infrastructure with international interoperability” PEGASUS REPORTERS, LAGOS | JANUARY 23, 2023 A CREDIT card designed by the Central Bank of Nigeria (CBN) for domestic use has been scheduled for deployment, it was learnt during the week. The card is expected to compete ...

  “The quality of life index is the one metric that is both a determinant and a measure of a country’s success” PEGASUS REPORTERS, LAGOS | JANUARY 17, 2023 The level of happiness people feel is incentive enough for them to work towards protecting and even elevating said prosperity, while simultaneously disclosing that their economic principles and functions are nothing ...

  “A budget deficit is not necessarily bad. Look at the Japanese example with high government borrowing and low inflation. The real issue is whether deficit spending is productive or not. Unproductive deficit spending is a compound negative. Especially if backed by excessive borrowing of foreign currency. This is not classroom economics but it is the lesson of the real ...