News
Tradefada Bags ‘Blockchain Services Platform Provider of the Year (Crypto)’ Award @ BoICT 2022
Tradefada, a One-Stop Cryptocurrency exchange platform on Saturday 28th of May won the ‘Blockchain Services Platform Provider of the Year (Crypto)’ award at the Beacon of ICT Awards, organized by Communication Week Media Limited, publishers of Nigeria CommunicationsWeek.
Announcing Tradefada as the winner, the organizer said the company pulled the highest votes to emerged in the category, stressing that the award was keenly contested by four other companies.
“We are pleased to have the honour to announce Tradefada as a winner of this year’s Beacon of ICT Awards having gathered the highest votes in the ‘Blockchain Services Platform Provider of the Year (Crypto)’, it said at the award night, which attracted stakeholders from various segment of the ICT industry.
The organizer added that the award is a testament to Tradefada’s talents, innovations, contributions and commitments to the growth of the ICT industry.
Receiving the award on behalf of the company, an excited Chief Executive Officer of Tradefada, Mr. Seun Dania noted that the award is a display of the fact that stakeholders have come to the realization that Tradefada has become a house-hold brand in the industry, adding that it is happy that Nigerians have recognized its hard work, sincerity and dedication towards the development of ICT industry.
“We are excited to have received ‘Blockchain Services Platform Provider of the Year (Crypto)’ award. For us, it is exciting and a challenge to us to do more because to whom much is given, much is also expected,” he said.
While dedicating the award to its customers and dedicated staff, Mr. Seun promised that Tradefada will continue to provide innovative platform that will allow most Africans to partake and adopt cryptocurrencies from their mobile devices and web browsers.
“We will also be exploring the new waves in the crypto space i.e. Metaverse and NFTs. We will also be providing a staking platform where our customers can safely stake their crypto and earn yearly % returns,” he assured.
Tradefada is a One-Stop Cryptocurrency exchange that combines the reliability and swiftness of a web-based exchange with the convenience and portability of a mobile app. Tradefada offers the ability to buy into the crypto market through various local Fiat currencies and trade on over 100 pairs of the top and most reliable cryptocurrencies.
Founded in 2017 by a duo of experienced digital currency traders with a vision to see Africa benefit immensely and achieve economic freedom by leveraging on cryptocurrencies, Tradefada provides solutions to all levels of cryptocurrency trader’s needs.
Tradefada services extends to over 30 countries, providing easy access to buy and sell crypto for various fiat currencies. made possible through strategic partnerships with excellent third-party service providers.
News
FBNQuest Asset Management Wins Asset Management Award at BusinessDay Banks & Other Financial Institutions Awards
FBNQuest Asset Management, an investment management firm in Nigeria and a subsidiary of FBN Holdings Plc., is proud to announce that it has been honoured with the prestigious Excellence in Asset Management Award at the recent BusinessDay Banks and Other Financial Institutions Awards.
This recognition highlights FBNQuest Asset Management’s unwavering commitment to delivering exceptional investment solutions and fostering financial growth for its clients.
The award ceremony, celebrated the outstanding achievements of financial institutions across Nigeria, highlighting those that have demonstrated innovation, excellence, and unwavering commitment to quality service.
“We are immensely proud to receive this award, which reflects our dedication to excellence and our focus on creating value for our clients,” stated Ike Onyia, Managing Director, FBNQuest Asset Management. “This achievement is a testament to the hard work and expertise of our team, as well as the trust our clients place in us. We will continue to strive for excellence in all that we do.”
FBNQuest Asset Management offers a range of investment solutions, including mutual funds, discretionary portfolio management, and alternative investments, tailored to meet the diverse needs of its clients.
The firm remains committed to maintaining the highest standards of integrity and professionalism in the asset management industry.
The BusinessDay Banks and Other Financial Institutions Awards are recognized as one of the most prestigious accolades in the financial sector, honouring organisations that excel in performance, innovation, and customer service.
News
FG Launches Amnesty to Allow Deposits of Forex outside Banking System
Federal government has unveiled a new policy for Nigerians to deposit dollar bills held outside the formal banking system without scrutiny.
Nigerians have nine-month deadline to do this according to Wale Edun, minister of Finance and coordinating minister of the Economy.
Edun who spoke after the Thursday’s National Economic Council (NEC) meeting in Abuja, said that “there will be no penalty; there will be no taxes, and there will be no questions.”
“There is going to be a release today, details by the federal government through the Ministry of Finance, in conjunction with the Central Bank, a programme, starting today, 31st of October, and lasting nine months, that will allow people to bring in cash that is outside the banking system.
“So therefore it is unsafe, it is unsecure and it is outside of legal limits. They will allowed forbearance to bring dollars cash. Let me emphasize once again, it is to bring dollars that they are holding outside the system to be able to bring them in and credit it to their bank accounts, as long as it is not proceeds of crime, illicit money.
“They just meet the normal ‘Know Your Customer’ criteria of banks and they have an opportunity to bring in those funds, make them safe, make them secure, and make them available through normal, economic activity.”
The minister also stated that 25 million Nigerians have benefitted from federal social protection initiatives, including digital outreach, microenterprise loans, and sector-specific support for power, agriculture, manufacturing, health, and compressed natural gas initiatives.
News
NAICOM Sacks African Alliance Insurance Board
The National Insurance Commission, (NAICOM), on Wednesday, sacked the board of African Alliance Insurance Plc with effect from October 30, 2024.
The Commissioner for Insurance, Mr. Segun Omosehin, disclosed this during a press conference in its Lagos office, that an interim board and management have be appointed.
The new interim board are: Dr Haruna Mustafar, a former director at Central Bank of Nigeria; Anthony Achebe – Non-Executive and Haj. Halimatu M. Khabeeb – Non-Executive Director.
The management team is led by former Managing Director of International Energy Insurance and Cornerstone Insurance Plc, Jacob Erabor, as Managing Director/ CEO; Wasiu Amao – Executive Director, Technical and Ms. Oremeyi Longe – Executive Director, Finance.
He noted that the interim management has up to one year to turn around the company.
He said the decision follows an extensive monitoring and review of the company’s financial condition, governance, and operational practices, which revealed significant concerns regarding its ability to continue operating in a safe and sound manner which has for some time now generated a lot of uncertainty over claims settlement and payment to annuitants under the company.
The Interim Management Board, according to him will oversee the company’s operations, ensure compliance with regulatory requirements, and implement necessary reforms.
While noting that the Commission will work closely with all stakeholders, including annuitants, policyholders, employees, and investors, to minimise disruption and ensure continuity.
”The objective of this takeover is to protect the interests of African Alliance Insurance Plc’s annuitants, policyholders, other stakeholders, and the broader insurance industry while ensuring the company’s return to stability and compliance.
“The Commission is committed to maintaining the stability and integrity of the Nigerian insurance industry. Our actions today demonstrate our resolve to address concerns and protect the annuitants, policyholders and public interest.”
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