The FCA said in a statement on Tuesday that the bank's anti-money laundering systems and controls failed.
According to Reuters, the failures were highlighted by the bank's internal and external sources, and GTBank failed to take appropriate measures to fix...
Carine Dikambi, a key executive of Binance, discusses the advantages of blockchain technology and the necessity for its adoption and use in various industries. The extracts are presented by Emma Okonji:
What is the BCAT2022 campaign about, and what issues...
The penultimate trading session of the first week on the NASD Over-the-Counter (OTC) Securities Exchange finished flat on Friday, January 7, with stock prices on the platform remaining unchanged at the close of operations.
According to Business Post, the key...
In 2021, crypto thieves and fraudsters snatched a record N5.810 trillion in cryptocurrency, primarily by breaching into blockchain platforms. Many scammers obtained access to loans through Decentralised Finance (DeFi), which cut out middlemen and lawyers.
Theft and scams, according to Chainalysis, increased losses by 79 percent. In 2021, it was the most common type of crypto-based crime, followed by theft, which usually occurred by hacking crypto-based organizations.
China analysis says; “But DeFi is unlikely to realize its full potential if the same decentralization that makes it so dynamic also allows for widespread scamming and theft.”
The wild world of DeFi.
It's a rising section of...
Nigeria's central bank retained its benchmark interest rate at 11.5 percent for the seventh consecutive week last week, a measure that financial analysts said will solidify the country's modest gains in economic stability as the new year approaches, says...
Financial exchanges arrived at unequaled highs in 2021, carrying immense worth to the organizations riding the wave, in any event, when you take into consideration the dunk lately. We are likewise amidst a blast year for buoyancies, with many...
IMPORTANCE OF DIGITAL SERVICES TO NIGERIA ECONOMY
A report by Oxford Economics, valued the digital economy at $11.5 trillion as at 2016, or approximately 16% of the value of the global economy with the digital economy growing 2.5 times faster...
The corporate image of an organization is the good name that is the organization has created itself through the various ways it has projected itself before public.
In the recent years, more and more organization are beginning to realize...
