Category: Money

Crypto collapse leaves many Nigerian student ambassadors in lurch

Nigerian student Cosmas Elijah’s phone has been ringing off the hook since crypto exchange AAX announced a freeze in withdrawals for millions of customers in November. The collapse of the…

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Argentina’s Central Bank mulls putting Lionel Messi’s face on 1000-peso banknotes

Lionel Messi's 2022 World Cup exploits have incensed his country Argentina so much that the country’s financial governing body are considering immortalising him by putting his face on a 1000-peso…

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Why Nigerian traders are rejecting new naira notes

Some traders have given reasons for rejecting the new naira notes six days after they went into circulation. Among the reasons given by the traders is the fear of counterfeits,…

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Goldman Sachs-backed fintech Jumo set to expand in Cameroon, Nigeria, Benin

Banking as a service provider Jumo plans expansion into new African markets in the first half of 2023, CEO for Africa Buhle Goslar tells The Africa Report. The company plans…

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Elon Musk sells huge amount of Tesla’s Shares

Elon Musk, who recently lost his title as the world’s richest man, sold about 22 million additional Tesla shares worth around $3.6 billion according to regulatory filings Wednesday, December 14.…

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EFCC, Police Speak On Viral Video Of Old Naira Notes

The Economic and Financial Crimes Commission, Makurdi Office and Benue State Police Command have debunked the reports trending on social media of alleged discovery of old naira notes in the…

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Why politicians are against cashless policy of CBN – CNPP, CSOs

Conference of Nigeria Political Parties (CNPP) and civil society organisations (CSOs) under the aegis of Coalition of National Civil Society Organisations (CNCSOs) have given insights into the reasons political office…

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Stablecoin USDC withdrawals suspended by Binance as investors worry

Binance, the largest crypto exchange in the world, announced on Tuesday that it was halting withdrawals of stablecoin USDC to enable it to conduct a “token swap.”  The decision followed heavy withdrawals…

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Stanbic IBTC issues N19.9bn infrastructure fund

Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC Holdings, announced the N19.997 billion series III offer as part of its Stanbic IBTC Infrastructure Fund N100 billion Programme. The offer…

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CBN cash withdrawals limit: PDP, others say policy will cripple election process

The main opposition Peoples Democratic Party (PDP) and other political associations in the country have objected to the Central Bank of Nigeria’s (CBN) new policy on cash withdrawal limit, noting…

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