The Central Bank of Nigeria (CBN) has reacted to condemnations trailing the directive to Deposit Money Banks (DMBs) to desist from transacting in cryptocurrencies. In a statement on Sunday, Osita Nwanisobi, Acting Director, Corporate Communications, clarified that that the CBN circular of February 5, 2021 did not place any new …
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Providus Bank has deactivated the virtual account numbers of Monnify and PiggyVest. Monnify revealed on its social media platform that it received official communication from Providus Bank that it would no longer be supporting virtual account service with immediate effect. “Yesterday, we received official communication from our partner – Providus …
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Christine Lagarde: Bitcoin facilitates questionable transactions •Nigeria surged to second highest crypto destination in the world raking $200 to $300million a week without underlining economic activity, alarming the CBN •FG alarmed kidnappers had switched to bitcoin for ransom payments Tobi Soniyi in Lagos and Chuks Okocha More facts have emerged …
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Newspaper vendors in Awka, Anambra state, have urged the federal government to save their business from going extinct and also limit the scope of online media publications. Emeka Nweze, chairman of the Anambra Newspaper Distribution Association, Awka chapter, said this in an interview with Newsextra24 on Saturday. Digital news outlets …
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This afternoon, a Central Bank of Nigeria (CBN) circular sent to commercial banks and other financial institutions surfaced online. Here is a thread explaining what the circular means and why the CBN issued it. Cryptocurrencies have gained popularity since bitcoin, the most valuable crypto, rose significantly four years ago. The …
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TSTV is Back As CEO Holds Press Conference and Rolls Out New Deals At the company’s press conference, The MD/CEO Bright Echefu praised the Government’s efforts in aiding its growth, saying the government played a huge role to see it rise up. Photos below include the company’s stations New 2 …
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Nine languages in Nigeria are already extinct, according to the National Council for Arts and Culture. They are Ajawa, spoken in present-day Bauchi, Basa-Gumna of Niger State, Auyokawa which used to be spoken in Jigawa State, Gamo-Ningi, a Kainji dialect in Bauchi State, Homa of Adamawa State, Kubi of Bauchi …
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The Founder of LAPO Microfinance Bank, one of Nigeria’s award-winning microfinance banks, Dr Godwin Ehigiamusoe (Ph.D) has advocated using the TIET business model for young entrepreneurs when making their choice of business, to ensure success in Nigeria’s tough business climate. In a new video in his Entrepreneurship series geared towards …
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Julius Berger Nigeria Plc, a planning and constructing a group of companies with a market capitalization of more than ₦30 billion, involving in all kinds of civil engineering works with seven subsidiaries, released its Consolidated Unaudited Financial Statements the year ended 31st December 2020 to the investing public on January …
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The Chief Executive Officer of Century Power Generation Limited, Dr. Chukwueloka Umeh, says that for Nigeria to meet its National Mass Metering Programme (NMMP) target to meter 30 million consumers over two years, local manufacturers must be empowered to enable them to ramp up production in order to meet the …
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