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CBN frowns at continued diaspora remittances in naira, introduces sanctions
The Central Bank of Nigeria (CBN) has frowned at activities of some International Money Transfer Operators (IMTOs) and unlicensed companies who continue to ...
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Atlas Mara Mulls Options on Union Bank
Atlas Mara Limited, an international financial services company that was formed to undertake investment in targeted banks in Africa, is considering options for ...
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FNB Launches Virtual Card Service
FNB has launched its virtual card service to all individual and business customers. The Virtual Card is accessible via the FNB App and ...
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Showmax Partners with MTN Nigeria to Launch Mobile Data Deal
Showmax and MTN Nigeria have teamed up to launch a special data deal for mobile subscribers. The deal that includes the monthly subscription ...
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Alphabet Shuts down Balloon-powered Internet in Kenya Months after its Launching
Google’s parent firm, Alphabet is shutting down Loon, its balloon-powered internet company that beams high-speed internet in remote parts of the world. In Africa, ...
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GDPR Penalties Escalate As EU Officials Crack Down
Fines levied under the General Data Protection Regulation (GDPR) jumped almost 40 percent in the past 12 months as European Union (EU) regulators ...
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UK To Require Companies To Pay Small Businesses In 30 Days
The U.K. government is looking to crack down on companies that take too long to pay suppliers, according to a report from the Financial ...
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IMF Head Calls For Resources To Help Indebted Countries
Pointing to shaky economies worldwide and an increasing divide between poor and rich countries, Kristalina Georgieva, head of the Washington, D.C.-based International Monetary Fund (IMF), said ...
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FGN directs Tax Authority, other MDAs to ensure strict compliance of tax payment by foreign firms
The Federal Government of Nigeria has directed the Federal Inland Revenue Services (FIRS) and other related government agencies to ensure strict compliance of ...
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FGN sustained use of direct monetary financing could raise risks to macroeconomic stability – Fitch
The Federal Government of Nigeria’s repeated recourse to its Ways and Means facility with the Central Bank of Nigeria highlights weaknesses in public ...