Business

NIMASA DG Cautions Public On Fake Social Media Accounts

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola has cautioned members of the public on the existence of several unauthorized social media accounts making the rounds and purportedly belonging to him. 

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SEC Grants 2 Digital Exchanges “Approval-In-Principle”

In furtherance of its commitment to enabling innovation that would deepen the capital market while guaranteeing the protection of investors, the Securities and Exchange Commission has granted two (2) Digital Assets Exchanges “Approval-in-Principle” to commence operation under the Accelerated Regulatory Incubation Program, ARIP.  

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System Glitch:Lotus Bank Suffers Loss Of N1.13Billion

In a bid to recover the sum of N1,134,491,604.31loss as a result of system glitch that allowed customers with no debt instructions on their accounts to initiate  transfers without their account being debited, LOTUS BANK, has filed an application before Federal high court in Lagos against 45 financial institutions in the country.

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