April 9, 2020/US SEC The Securities and Exchange Commission today announced settlements with David Kwon and Igor Sabodakha, two traders who allegedly profited from trading on nonpublic corporate earnings information hacked from the SEC’s EDGAR system. The settlement agreements are subject to court approval. According to the SEC’s complaint, Kwon, […]

April 3, 2020/Cowry Asset Recently released banking sector statistics showed greater efficiency in Nigeria’s financial intermediation, particularly with respect to improved loan administration and increased mileage on the road to achieving a cashless economy in 2019. One of such data, from the National Bureau of Statistics, revealed that banking sector […]

April 1, 2020/NBS A total volume of 893,681,888 transactions valued at N48.54trn were recorded in Q4 2019 as data on Electronic Payment Channels in the Nigeria Banking Sector revealed. NIBSS Instant Payments (NIP) transactions dominated the volume of transactions recorded. 342,636,006 volume of NIP transactions valued at N29.69trn were recorded […]