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Access Bank acquires Diamond Bank.

Access Bank Plc has finally acquired Diamond Bank Plc. According to insiders, the official announcement of the transaction will be made in the course of the week by the Central Bank of Nigeria, CBN, according to TheCable. Another…



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CBN Urged To Provide Regulation To Blockchain Industry In Nigeria.

Electronic Payment Practitioners Association of Nigeria (E-PPAN) has called on the Central Bank of Nigeria (CBN) to provide a regulatory framework that will guide the blockchain and cryptocurrency space in Nigeria. According to the association, lack of a legal framework…



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Blockfinex To Launch Fiat-To-Crypto Exchange Service in Nigeria

Blockfinex, a new Dubai-based digital asset exchange platform is set to launch at the end of the month. Blockfinex stands for “Blockchain Financial Exchange” meaning integrating Blockchain assets, digital technology with finance. The Exchange platform was found by, Danny Oyekan…



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Naira Stability Is Costing Nigeria as Reserves Fall, Yields Rise – Bloomberg.

Nigeria’s central bank has done a good job keeping the naira stable, but it’s paying a high price. The currency of Africa’s biggest oil producer has barely budged this year, weakening less than 1 percent against the dollar….



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Defending Naira: Nigeria foreign reserves fall by $2.1bn in 30 days.

Nigeria’s foreign exchange reserves have declined by $2.15 billion in the last 30 days, as the Central Bank of Nigeria (CBN) position itself in defense of the naira. Since the United States Federal Reserves raised interest rates on…



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