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Welcome to the fascinating world of cryptocurrency wallets, where technology is always developing and innovating. Blockchain technology and cryptocurrencies have revolutionized how we see and utilize money over the last ten years. Cryptocurrency wallets have been crucial in this transition, giving consumers the means to safely access, control, and use their digital assets. Let’s explore the exciting developments and trends that are predicted to completely alter the landscape of crypto wallets as we look to the future. Key Takeaways The environment of cryptocurrency wallets is changing quickly as a result of new trends and technologies. Future crypto wallets will prioritize

By Modupe Gbadeyanka The chairman of the Federal Inland Revenue Service (FIRS), Mr Zacch Adedeji, has asked his counterpart in the Economic and Financial Crimes Commission (EFCC), Mr Ola Olukoyede, to support his agency to achieve the Renewed Hope Agenda of President Bola Tinubu, who appointed both of them. Speaking during a courtesy visit to the headquarters of the anti-money laundering firm, Mr Adedeji said the EFCC has a role in ensuring that taxpayers’ funds are “judiciously utilised in line with the social contract with the people.” He assured that the FIRS would continue to strive to raise the revenue

By Adedapo Adesanya The prices of oil benchmarks jumped by 2 per cent on Tuesday on the fresh possibility that the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) will extend or deepen supply cuts. Data showed that Brent crude futures gained $1.70 or 2.1 per cent to close at $81.68 a barrel and the US West Texas Intermediate (WTI) crude increased by $1.55 or 2.1 per cent to $76.41 per barrel after a drop in Kazakh oil output and a weaker US Dollar. OPEC+ is due to hold an online ministerial meeting on Thursday to discuss 2024

By Adedapo Adesanya The House of Representatives has pledged to stop international oil companies (IOCs) operating in the Niger Delta from divestment of their offshore assets without being accountable to the environment. The Chairman of the House of Reps Committee on Host Communities, Mr Dumnamene Dekor, said this during a technical session on the implementation of the Host Communities Development Trusts (HCDT), organised by Spaces for Change (S4C) with support from Ford Foundation. Mr Dekor raised the alarm that since the passage of the Petroleum Industry Act in 2021, host communities have not experienced any positive change, rather have remained

By Adedapo Adesanya The National Association of Securities Dealers (NASD) Over-the-Counter (OTC) Securities Exchange opened the week on a bearish note as it lost 0.39 per cent on Monday on the back of a slip in the price of Central Securities Clearing System (CSCS) Plc. The share price of CSCS Plc went down by N1.23 or 7.8 per cent during the session to N15.72 per unit from the previous session’s N16.95 per unit. The decline posted by the stock outshone the gains printed by FrieslandCampina WAMCO Nigeria Plc and NASD Plc at the unlisted securities market yesterday. FrieslandCampina recorded a

By Ebitonye Akpodigha A member of House of Representatives has been threatened with a sanction over a debt in the region of N145 million. The federal lawmaker, Mr Mustapha Dawakin Bala, was threatened by the Asset Management Corporation of Nigeria (AMCON). It was learnt that Mr Bala allegedly refused to service the said debt and has now been given 14-days to pay up or risk sanction. The congressman is representing Dawakin Kudu/Warawa federal constituency of Kano State in the green chamber. A letter dated July 20, 2016, and signed by Kamar Raji on behalf of Wande Okeya and co., a

By Dipo Olowookere The local stock exchange finished the first trading session of the week on a positive note after it appreciated by 0.41 per cent on Monday. The growth came after a hard-fought battle between the bulls and the bears, which wanted to take control of Customs Street during the session. Business Post reports that the Nigerian Exchange (NGX) Limited finished the day with 33 price losers and 32 price gainers, indicating a negative market breadth index and a slightly weak investor sentiment. This was mainly due to profit-taking in the banking space, which closed lower by 0.83 per

By Dipo Olowookere The Central Bank of Nigeria (CBN) on Wednesday conducted the second sale of treasury bills at the primary market in the month of April 2019. During the primary market auction (PMA) yesterday, the apex bank offered the debt instrument to investors in three maturities as usual. However, the stop rates were reduced by the central bank across the three tenors. T-bills worth N58.50 billion were auctioned at the exercise with subscriptions valued at N223.62 billion received. Results of the auction showed that of the N5.85 billion worth of 91-day bill, offers valued at N23.97 billion were received

By Kester Kenn Klomegah The Russian-Nigerian Business Council, with participation of a delegation from Abuja Chamber of Commerce and Industry and the Nigerians in the Diaspora in Europe (NIDOE), held its annual meeting, pledged to strengthen cooperation in various economic sectors after reviewing the performance for the year 2018. The Russian-Nigerian Business Council was established to facilitate a constructive dialogue between Russian and Nigerian entrepreneurs interested in developing business cooperation between the two countries, and to enhance the role of the Russian business community in implementing state policy concerning the Russian-Nigerian economic ties. The primary objective of the organization is

By Adedapo Adesanya The Department of Petroleum Resources (DPR) has assured Nigerians that petroleum products would be available during the Easter holidays. This was disclosed by the Head, Public Affairs, DPR, Mr Paul Osu, in a statement issued in Abuja on Wednesday, adding that there was product sufficiency nationwide and advised marketers against hoarding and creating artificial scarcity. He said DPR would intensify its monitoring and surveillance of petroleum products outlets to ensure compliance with quality, quantity, integrity and safety of operations in line with its regulatory mandate. Mr Osu advised consumers to report any infraction such as under dispensing

By Modupe Gbadeyanka Last week, the Nigerian Stock Exchange (NSE) recorded a total turnover of 1.533 billion shares worth N23.026 billion carried out in 17,009 deals compared with the 968.947 million shares valued at N10.246 billion transacted the previous week in 9,654 deals. During the week, the Financial Services industry, measured by volume, led the activity chart with 1.218 billion shares valued at N12.634 billion traded in 10,132 deals, contributing 79.42 percent and 54.87 percent to the total equity turnover volume and value respectively. The Conglomerates sector followed with 70.807 million shares worth N120.611 million in 803 deals, while the

By Modupe Gbadeyanka As a result of her hard work and dedication to the company, Mrs Ngozi Ola-Israel has been appointed as the Chief Financial Officer (CFO) of Axa Mansard Insurance Plc. This information was made known by the firm in a statement issued recently. The appointment of Mrs Ola-Israel followed the promotion of the erstwhile occupier of the position, Mrs Rashidat Adebisi, as the company’s new Divisional Head in charge of Retail Business. Before joining AXA Mansard Insurance Plc in 2014 as Head of the Financial Control Group, Mrs Ola-Israel spent seven years at PriceWaterHouseCoopers (PwC) as team lead