
RapidEye D-Wave Quantum Inc. ( NYSE: QBTS ) is one of many quantum computing stocks that has provided meteoric returns over the last month, a topic I aim to cover plain terms that those without a tech background can find useful. Taking Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
The slippery appeal of RFK Jr.’s Make America Healthy Again movementNone
The Central Bank of Nigeria fined 29 banks a total of N15 billion for violating anti-money laundering and counter-terrorism financing regulations. The CBN governor underlined the gravity of these violations and the need for the affected banks to address the fundamental issues It further stated that adherence to regulations is a top priority for the CBN in order to promote stability and national development CHECK OUT: Learn at Your Own Pace! Our Flexible Online Course allows you to fit copywriting skills development around your busy schedule. Enroll Now! Legit.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market . A total of N15 billion in fines was levied against 29 banks by the Central Bank of Nigeria (CBN) for breaking anti-money laundering (AML) and counter-terrorism financing (CTF) laws. At the Chartered Institute of Bankers of Nigeria (CIBN) 2024 Bankers' Night in Lagos, CBN Governor Olayemi Cardoso made this announcement. Cardoso emphasized in his remarks the seriousness of these infractions and the necessity for the impacted banks to fix the structural flaws that permitted these failures to happen, BusinessDay reported. Read also CBN gives simple solution as cash dries up in ATMs, sends message to UBA, GTB, others PAY ATTENTION : Standing out in social media world? Easy! "Mastering Storytelling for Social Media" workshop by Legit.ng. Join Us Live! “In addition to these penalties, the banks are required to address the root causes of the lapses, which is crucial for improving regulatory effectiveness. Historically, the industry has struggled with recurring issues, but we are confident that this approach will help change that narrative,” Cardoso stated. The Broader Implications of Compliance The governor of the CBN emphasized the wider effects of compliance on the financial system, pointing out that organizations that place a high priority on following regulations support stability and national progress. “A bank that prioritises compliance does more than protect itself -it strengthens the entire financial ecosystem. It directs financial resources toward growth, innovation, and prosperity rather than crime and corruption. Together, we must exceed standards, demonstrating to the public and the world that we are stewards of integrity and trust,” he added. Cardoso added that non-compliance has repercussions that go beyond fines imposed by the government. He asserts that problems like fraud, corruption, and money laundering threaten the core of the financial system. Read also FIRS Boss Zacch Adedeji calls for public support for govt policies “The cost of inaction is profound—fraud undermines confidence, corruption erodes trust, and money laundering perpetuates organized crime,” he remarked. A Vision for a Culture of Compliance The governor outlined a goal for Nigeria's banking sector to have a strong compliance culture. He emphasized that financial institutions need to be proactive in identifying and reducing risks in addition to adhering to legal requirements. According to Cardoso, boards and CEOs need to set an example by prioritizing compliance strategically and advocating for zero tolerance for violations, both in terms of policy and in actuality. He advised financial institutions to aggressively handle risks in high-risk locations and foresee vulnerabilities. CBN gives simple solution as cash dries up in ATMs Legit.ng reported that the Central Bank of Nigeria (CBN) is set to penalize negligent financial firms for the ongoing cash shortage at Automated Teller Machines (ATMs). CBN Governor Dr. Olayemi Cardoso made this known on Friday at the annual Bankers' Dinner hosted by the Chartered Institute of Bankers of Nigeria. Read also Fraudsters attack Nigerian banks, steal money, Access bank, others react The declaration was made in response to reports of cash shortages in banks in recent days, both at ATMs and over the counter. PAY ATTENTION : Legit.ng Needs Your Opinion! That's your chance to change your favourite news media. Fill in a short questionnaire Source: Legit.ngMax Verstappen will no longer start the Qatar Grand Prix from pole position after being punished by the Formula One stewards for an infringement during qualifying. The 2024 Driver's Championship winner blocked George Russell on the racing line during Q3 and forced the Mercedes driver to re-position his car to avoid a collision. The Brit described the incident as "dangerous" and prompted an investigation to be launched , with stewards concurring and punishing Verstappen for driving too slowly on his final preparation lap. When asked about the incident shortly after securing poll, Verstappen claimed that it would be "crazy" to drop him down the grid, after several other drivers avoided such punishment earlier in the weekend. "If they take this away, then of course it doesn't make any sense at all," Verstappen said. "We were all just driving slowly. I wouldn't know what I could have done differently. The fact that I have to go there is already very strange to me." "Otherwise, next time I'll just drive full throttle too and pretend I'm crashing everywhere. Then George should have just braked. I'm braking too, aren't I?" The rare one-position grid drop sees Russell move up a place, with the remainder of the grid unaffected, and wants a "proper race" in a dig at McLaren . Lando Norris stopped at the finish line of the sprint race, gifting team-mate Oscar Piastri the victory, but the Mercedes man is excited at the chance of back-to-back wins after finishing on top in Las Vegas. “Just excited,” Russell said. “Hopefully we can have a proper race rather than this team orders stuff. It’s going to be a good race. I think we’ll all be going for it. It’s actually great that Max is in the mix as well. “I was really surprised by their turnaround because they looked really off the pace yesterday, off the pace this morning, and obviously they were both in Q3 and Max in pole, so I think we’ve got a good race on our hands.” The FIA's full explanation for Verstappen's grid-drop reads: "The Stewards heard from the driver of Car 1 ( Max Verstappen ), the driver of Car 63 ( George Russell ), team representatives and reviewed positioning/marshalling system data, video, timing, telemetry, team radio and in-car video evidence. "Car 1 was on a different preparation strategy to that of Car 63. Car 1 was well outside of the delta and the driver of Car 1 explained he had let Cars 4 and 14 past. The driver of Car 63 claimed that he had adhered to the delta and did not expect Car 1 to be on the racing line. He stated that if a car was going slow in a high speed corner, it should not be on the racing line. "The Stewards regard this case as a complicated one in that clearly Car 1 did not comply with the Race Director’s Event Notes and clearly was driving, in our determination, unnecessarily slowly considering the circumstances. "It was obvious the driver of Car 1 was attempting to cool his tyres. He also could see Car 63 approaching as he looked in his mirror multiple times whilst on the small straight between Turns 11 and 12. "Unusually, this incident occurred when neither car was on a push lap. Had Car 63 been on a push lap, the penalty would have most likely been the usual 3 grid position penalty, however in mitigation of penalty, it was obvious that the driver of Car 63 had clear visibility of Car 1 and that neither car was on a push lap." MORE TO FOLLOW We'll be bringing you the very latest updates, pictures and video on this breaking news story. For the latest news and breaking news visit: express.co.uk/sport/football . 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