NAIJA BIZ

Meet Alan Sinfield, New CEO of 9Mobile

      On Monday, June 1, 2020, Alan Sinfield became the first substantive Chief Executive Office of 9Mobile, since its name was changed from Etisalat. Sinfield succeeds Stephane Beuvelet, who had been in acting capacity since November 2018 after the reshuffling of the company’s management. Let’s look at the pedigree and experience which Sinfield brings to bear in his new […]

NAIJA BIZ

Hedge funds, institutional investors rush to own stakes in Bitcoin

  With global economic uncertainty gradually becoming a daily norm, institutional and hedge funds around the world have been rushing to have a stake in crypto assets which  all have been outperforming other financial assets in 2020). Just recently, a popular hedge fund based in New York –Grayscale Investments –caught the investment world by surprise […]

NAIJA BIZ

Measures introduced by Nigeria to ensure transparent use of the $3.4 billion IMF loan

Following the approval and disbursement of $3.4 billion Rapid Financing Instrument (RFI) to Nigeria, which is the largest COVID-19 emergency financing package so far released by the International Monetary Fund (IMF), the multilateral financial institution now expects transparent and accountable use of the funds. The IMF’s financial assistance to Nigeria is meant to support the healthcare […]

NAIJA BIZ

CBN extends timeframe for submission of banks’ audited financial statements

In recognition of the effect of the economic lockdown across major cities in the country due to the Coronavirus pandemic, the Central Bank of Nigeria (CBN), has announced the extension of the timeframe for the submission of 2019 audited financial statements of banks and other financial institutions (OFIs). This was disclosed in a letter to OFIs […]