CBN APPROVES NIGERIAN BANKS AND FINETECH IN JOINING FORCES IN DISMANTLING ILLEGAL FUNDS.

According to the report from a high ranked executives informed (TechCarbal) CBN approves the Nigerian Banks and FineTech in collaborating together in dismantling the illegal funds that have caused billions in losses. This funds losses has raised talk among the Nigerian banks and FineTech in their sudden collaboration to checkmate this fund misses and this […]

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NNPC EARNS HIGH EITI COMPLIENCE RATING FOR TRANSPARENCY

Mr. Bady Baldé, the deputy executive director of EITI, revealed this information during a visit by an EITI delegation to Mr. Mele Kyari, the Group Chief Executive Officer of NNPC Ltd, in Abuja on Thursday. Baldé explained that the purpose of the delegation’s visit was to communicate the group’s findings from its recent global assessment […]

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ANAMBRA DIGITAL ECONOMY NIGERIA EARN PRAISES FROM THE NICCIDE

Represented by a proactive delegation from the State ICT Agency, led by Chukwuemeka Fred Agbata, the MD/CEO, the Anambra State Government is actively participating in the 11th General Meeting of the National Council on Communications, Innovation, and Digital Economy (NCCIDE). Taking place from Monday, 22nd January, to Friday, 26th January 2024, at the Coronation Hall, […]

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CLEARING FX BLOG: CBN RELEASE 500MILLION

In its commitment to resolving the backlog of verified foreign exchange transactions, the Central Bank of Nigeria (CBN) announced the release of $500 million across various sectors. Mrs. Hakama Sidi-Ali, the acting director of the Corporate Communications Department at CBN, made this announcement in a statement issued on Monday in Abuja. As reported by the […]

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OVER 60 MILLION NIGERIANS HAVE ENROLLED FOR BVN

At least 60.49 million bank customers have completed their registration for the Bank Verification Number (BVN), with an additional 291,232 individuals joining in the past two weeks. The Nigeria Inter-Bank Settlement System (NIBSS) revealed this information, attributing the surge to the Central Bank of Nigeria’s (CBN) initiative to deactivate bank accounts not linked to BVN […]

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STOCK MARKET FOREGIN INFLOWS AT A 15-YEAR LOW ON THE NGX

Recent data from the Nigerian Exchange Limited (NGX) reveals a continuous decline in foreign investors’ purchases of Nigerian stocks for the sixth consecutive year. Despite market reforms that triggered a significant rally, the latest official figures indicate foreign investors have maintained a cautious stance, staying on the sidelines. “Last year, foreign investors purchased stocks totaling […]

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REDEFINING SOCIAL MEDIA FOR THE MORDERN USERS: BEEPO’S INNOVATION WITH BLOCKCHAIN.

While social media offers numerous advantages, it is essential to acknowledge the significant pitfalls associated with these platforms. From the ongoing risk of data breaches jeopardizing security to the complex issue of censorship impeding free speech, these seemingly subtle drawbacks carry considerable consequences. The perception of privacy on traditional social media platforms has been shattered, […]

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PATRICIA UNVEILS REPLACEMENT PLAN SPANNING 2 TO 5 YEARS FOR CUSTOMERS

To align with its steadfast commitment to customers and effectively address their expectations, Patricia Technologies Limited, a prominent cryptocurrency company, has unveiled a repayment plan spanning two to five years for all customers who incurred losses during the recent breach of the company’s platform by certain high-profile hackers, some of whom are currently in police […]

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