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Hits: 6587 The recent probe by the National Assembly has left millions of Nigerians in awe on the level of corruption in the Niger Delta Development Commission. What are your thoughts on what has been revealed so far? My take is that the revelations that have come out of this probe are revealing on why the Niger Delta has been undeveloped or, at least, a greater part of the reasons why it has been undeveloped. It shows how the Presidency has undeveloped the Niger Delta because consistently, and I say this with all sense of responsibility, the NDDC has been the patronage machine of successive...

'Cryptocurrency is not legitimate money,' says Nigeria's central bank governor Nigeria’s central bank is doubling down on its anti-cryptocurrency stance. 6223 Total views News Godwin Emefiele, governor of the Central Bank of Nigeria, has defended the apex bank’s decision to ban banks from servicing cryptocurrency exchanges in the country. Appearing before a joint Senate Committee on Banking, Insurance and Other Financial Institutions; ICT and Cybercrime; and Capital Market, Emefiele remarked that the CBN ban was in the best interest of Nigerians. According to a report by media ou...

Read all the latest news, breaking stories, top headlines, opinion, pictures and videos about Innovation Department from Nigeria and the world on today.ng

Nigeria's SEC and the central bank say they are working with other federal regulators to create crypto regulators in the country.

The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have agreed to collaborate on regulating cryptocurrency transactions.