Cardoso: Non-Bank Financial Institutions Key to Regional Integration, Economic Stability
Declares increasing transaction volumes by fintechs pose major risks to financial system
James Emejo in Abuja
Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso,
yesterday, said Non-Bank Financial Institutions (NBFIs) of the West African Monetary Zone (WAMZ) presented a unique opportunity to
quicken regional integration and shared economic prosperity. While he acknowledged the importance of monitoring trends,
risks and innovations of NBFIs/ Other Financial Institutions (OFIs), Cardoso said their increasing transaction volumes posed major financial
system stability risk. Speaking at the opening of the 10th meeting of the College of Supervisors for Non-Bank Financial
Institutions (CSNBFI) of WAMZ in Abuja, Cardoso said NBFIs, which Continued on page 9
Court Slams N3m on EFCC for Unlawfully Declaring Emefiele’s Wife Wanted... Page 25 Tuesday 02 July, 2024 Vol 29. No 10674. Price: N400
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ACF: Fight against Terrorism Must Be Total, Uncompromising, MNJTF Kills 70 Terrorists... Page 6
US Supreme Court: Trump Has Absolute Immunity for Official Acts Decision should end all of crooked Joe Biden’s witch hunt against me, says former president
Wale Igbintade with Agency Report
In a 6-3 split decision, the US Supreme Court has held that former President Donald Trump cannot be
prosecuted for official actions taken as president, but lack such immunity for unofficial acts. The justices, in a landmark ruling, recognised for the first time that
former US presidents were shielded from prosecution for actions they took within their constitutional authority, as opposed to a private capacity. The justices threw out a lower
court's decision rejecting Trump's claim of immunity from criminal charges involving his efforts to undo his 2020 election loss to Joe Biden. The six conservative justices were
in the majority. The Supreme Court’s three liberals dissented. The decision came in Trump’s appeal of a lower court ruling rejecting his immunity claim. The
court decided the blockbuster case on the last day of its term. The ruling written by Chief Justice Continued on page 9
THISDAY Report: Why Nigeria Needs New Presidential Jet
Last aircraft bought by Obasanjo used by four Nigerian leaders Any unforeseen circumstances will have national implications, findings reveal
Story on page 9
Nigeria Advances Renewable Energy Tech Value Chain LOCALISATION ...
L-R: Former UK Prime Minister, Tony Blair; former U.S. Secretary of State, John Kerry; and Special Presidential Envoy on Climate Action, Chief Ajuri Ngelale, who presented a position at Leadership Roundtable on the sidelines of the Global Energy Transition Congress in Milan, Italy … yesterday
Customs Intercepts 844 Arms Units, 12,500 Ammunition Worth N13.9bn at Onne Port... Page 5