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Turkey bans payment with cryptocurrencies

Turkey Bans Payment with Cryptocurrencies

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Turkey’s central bank on Friday prohibited the use of cryptocurrencies such as bitcoin for purchases, citing transaction risks.
Digital Money can Facilitate Remittances – IMF

Digital Money can Facilitate Remittances – IMF

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Kristalina Georgieva, Managing Director, International Monetary Fund (IMF) says the world is witnessing a revolution in digital money that can make remittances easier, faster and cheaper.
Cryptocurrency Scams to Rise 75% on Booming Internet Pick Pockets Activities -Report

Cryptocurrency Scams to Rise 75% on Booming Internet Pick Pockets Activities -Report

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After cryptocurrency scams rose 40% in 2020, Bolster, a fraud prevention company, has forecasted a further 75% increase in internet pick pockets activities on Blockchain powered currencies in 2021.

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UBA's Leo Celebrates 6 Years of Impact, With New Offerings

UBA’s Leo Celebrates 6 Years of Impact, With New Offerings

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United Bank for Africa (UBA) Plc is celebrating the 6th year of operation of its flagship artificial intelligent Digital Assistant and Chatbot - Leo, and has announced new offerings aimed towards deepening the face of digital banking in Nigeria.
Fidelity Bank to Raise N32bn from Shareholders

Fidelity Bank to Raise N32bn from Shareholders

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Fidelity Bank Plc has proposed a capital raise of N32 billion from its shareholders to drive the lender’s growth agenda for the financial year 2024.
Moniepoint Introduces New Initiative to Reward Customers

Moniepoint Introduces New Initiative to Reward Customers

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Moniepoint Microfinance Bank (MfB) has introduced a new initiative “Moniepoint Personal Banking Refer and Earn” programme aimed at rewarding its customers this Christmas season.
Insurance Companies Collect N729.1bn Premium in First Three Quarters of 2023

Insurance Companies Collect N729.1bn Premium in First Three Quarters of 2023

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Insurance companies collected N729.1 billion as premium in the first three quarters of 2023, an increase of N196 billion over the N532.7 billion collected in the first three quarters of 2022.
Experts Applaud CBN Over Planned Recapitalisation of Banks

Experts Applaud CBN Over Planned Recapitalisation of Banks

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Two financial experts have commended the Central Bank of Nigeria (CBN) for its plan to further recapitalise Deposit Money Banks (DMBs) in the country.

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Reps Promise Financial Autonomy For Nuclear Energy Centres in Nigeria

Reps Promise Financial Autonomy For Nuclear Energy Centres in Nigeria

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The House of Representatives, says it is working on plans to ensure financial autonomy for managers of nuclear energy centres
Petrol price stands at N696.79 in March – NBS

Petrol price stands at N696.79 in March – NBS

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The National Bureau of Statistics (NBS), has said that the average retail price of a litre of petrol increased from N246.29 in March
Transcorp Power appoints Tuedor-Matthews, Odita, as non-executive directors

Transcorp Power appoints Tuedor-Matthews, Odita, as non-executive directors

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Transcorp Power Plc (Transcorp Power) on Thursday announced the appointment of Ms Faith Tuedor-Matthews and Mr Charles Odita