Bitcoin Drops After China Makes All Crypto Transactions Illegal

China’s central bank has announced that all crypto-related transactions and services are now illegal. In response, Bitcoin dropped down to $41k from $45k. According to a Bloomberg report, China has intensified its crackdown on crypto and Bitcoin as the nation’s central bank says all digital currency transactions are illegal. According to The People’s Bank Of China (PBOC), not only are Bitcoin, …

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Buhari Begs UN For Nigeria’s Debt Cancellation

President Muhammadu Buhari on Friday at the ongoing 76th Session of the United Nations General Assembly in New York, the United States of America, called for a regulation of arms and light weapons trade in the interest of human rights. Addressing the gathering of world leaders, the Nigerian President expressed deep concerns at the devastating effects of small arms and …

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FirstBank Expands Its Intn’l Money Transfer, Reinforces Its Commitment To Customer Service

In furtherance of the need to expand diaspora remittance inflow into the country, First Bank of Nigeria Limited has increased its network of International Money Transfer Operators (IMTOs), targeted at easing the accessibility of its customers to receive money from close to 100 countries across the world in a safe and secured manner. With over 750 branches across the country, …

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Customers scam banks with fake visas, tickets for forex

The Central Bank of Nigeria has vowed to engage financial crime fighting agencies to pursue fraudsters who have been deceiving the banks with fake documents to buy forex at cheap rates and sell at higher rates at the black market, NIKE POPOOLA reports Eight weeks after the Central Bank of Nigeria stopped selling forex to Bureau De Change operators and …

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Italy-Bound Lady, Pregnant Woman, Fake Soldier Arrested For Drug Trafficking

Operatives of the National Drug Law Enforcement Agency, NDLEA, continued their nationwide ‘offensive action’ against drug traffickers in the past week, seizing hundreds of kilograms of illicit substances at the airports, courier firms, hideouts and destroying hectares of cannabis farms in the remote forests. This is contained in a statement signed by Femi Babafemi, NDLEA  Director, Media & Advocacy and …

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Government Begins payment Of Batch A and B of N-Power Beneficiaries

With the removal of technical hurdles, the Federal Government has resumed payment of allowances to remaining Batch A and B of N-Power volunteers. The Permanent Secretary, Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development, Bashir Nura Alkali, in a statement, confirmed that payment has resumed after solving problems of system setbacks. Alkali explained that the accounts of the …

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ABUAD Leads Nigeria’s Drive For Food Sufficiency

Whereas individuals across the globe see it as a conventional university, but the  Afe Babalola University, Ado Ekiti, ABUAD, has more to its conventional status. At the moment, the university which sits on several hectares of land, leads in the supply of agricultural produce to markets across the States of Nigeria through its ABUAD Farms. The large farm is powered by …

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SCOA Boss Commends Unity Bank, Others for Facilitating Supply of N15.5B worth of Trucks, Equipment to Julius Berger

The Group Managing Director/Chief Executive Officer of SCOA Nigeria Plc, Dr. Massad Boulos has commended Unity Bank Plc and other banks for facilitating a credit facility of N15.5 billion for the importation and supply of 33 MAN Platform Trucks and equipment to construction giant, Julius Berger Plc. The equipment is to be deployed for the construction of the 380km Abuja-Kaduna-Kano …

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Buhari seeks National Assembly approval for fresh external loans

The President, Major General Muhammadu Buhari (retd.), has requested the National Assembly to approve for it $4,054,476,863 and €710 million. Buhari is also seeking the nation’s legislature’s approval for grant components of $125 million in the 2018-2020 external rolling borrowing plan. This is contained in a letter addressed to both chambers of the National Assembly and read on the floor …

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