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Banks to disconnect non-deposit financial institutions from transfer list

Banks have been asked to disconnect Switches, Payment Solution Service Providers, and Super Agents from the Nigeria Inter-Bank Settlement System Instant Payment Outwards System.The NIBSS disclosed this in a circular dated December 5, 2023, with Ref: NIBSS/BD/NI/PO/005/051223 to banks. According ...

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Bitcoin Breaks $40K for the First Time in 18 Months

The price of Bitcoin (BTC) hit $40,000 on Sunday for the first time in 18 months, while Ethereum (ETH) rose past $2,200 amid a broader – if subdued – rally in the crypto markets.Bitcoin’s price had been toying with the ...

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Nigerian Naira to Dollar exchange

Nigerian Naira to Dollar exchange rate record over 5 decades (1972-2023)

Nigerian Naira to Dollar exchange rate record over 51 years (1972-2023)- Have you any idea once ever, Nigerian Naira was higher compared to the American Dollar? The economy of the giant of Africa, Nigeria has for a long time experienced good ...

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business plan

Business Plan: The map of a business

A business plan is like a map of a business. It outlines the company, what it plans to sell, who it intends to sell to, how much money it might spend and make, and more. It’s an essential document that ...

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800w Solar Led Light

800w Solar Led Light: How to be Sure of Product!

The photo above shows a clear difference between 400W and 800w Solar Led Light. The one above is 400W while the one below is 800W. Taking a very close look at the two items in the picture, you will find ...

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Court Rejects DSS Suit To Prolong Emefiele’s Detention

The Court had ordered his remand in a Correctional Centre while awaiting the fulfilment of his bail conditions On the basis of purported fresh material it had acquired, the DSS legal team quietly submitted the request on Wednesday A Department ...

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Global LNG markets now driven by long term contracts, not spot markets – Report

The global liquefied natural gas (LNG) market is now driven by the security of supply which is heavily reliant on long-term contracts and not spot market supplies. This is according to the International Gas Union (IGU).  In its latest World LNG report, ...

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Nigeria’s economy set to be driven by non-oil sector in 2023 – World Bank

In its April 2023 Africa’s Pulse report, the World Bank stated that Nigeria’s economy is likely to be driven by the non-oil sector as oil production is projected to keep subdued in 2023 due to many factors. More details from ...

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Fed Panics: Signature Bank Closed By Regulators; Fed, TSY, FDIC Announce Another Banking System Bailout

Fed Panics: Signature Bank Closed By Regulators; Fed, TSY, FDIC Announce Another Banking System Bailout

Source On Friday, we said that the Fed will have to make an announcement before the Monday open, and we didn’t have to wait that long: in fact, the Fed waited just 15 minutes after futures opened for trading to ...

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FG orders filling stations to accept bank transfer, POS payments, threatens to sanction defaulters

The Federal Government has ordered filling station operators of filling stations across the country to start accepting the use of Point of Sales (POS) machines and bank transfers for the purchase of petroleum products, threatening to sanction them for non-compliance. ...

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