Euro and the US dollar are equal for the first time in 20 years

For the first time in 20 years, the US dollar and the euro have reached parity, meaning the two currencies are currently worth the exact same. The decrease in value has been stoked by Russia’s invasion of Ukraine as Europe attempts to lessen its dependence on Russian oil. Gas prices have surged across Europe recently, […]

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Russia-Ukraine War: Coinbase Blocks 25k Wallets Associated with Russians

The American crypto exchange has announced more than 25,000 wallets linked to Russian individuals and organizations it thinks “may be engaged in illegal activities” have been frozen. Coinbase added that it has transferred more details about the relevant accounts to the US government.

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Russia-Ukraine War: Visa & Mastercard block Russian financial institutions

US payment firms Visa and Mastercard have fallen in line with Washington’s sanctions package levelled at Moscow by blocking several financial institutions from their network. US government sanctions demand all “Specially Designated Nationals” and institutions on their list to be excluded from American financial services. The move comes on top of Saturday’s block from the […]

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What is swift And How does it Effects Russia Economically?

Everyone following the war in Ukraine seems to be talking about SWIFT — but many people are hearing about it for the first time this week. What SWIFT does and why it matters to Russia . SWIFT, or the Society for Worldwide Interbank Financial Telecommunications, is a secure messaging service that more than 11k banks […]

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Russia-Ukraine War: US, EU and allies agree to kick certain Russian banks out of SWIFT banking system

As a result of Putin’s ongoing assault on Ukraine, President Biden and the leaders of the European Commission, France, Germany, Italy, the UK, and Canada decided to take specific measures to further isolate Russia from the international financial system. Continuing our lock step, historic coordination, the Leaders decided disconnect key sanctioned Russian banks from SWIFT, […]

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MBA Forex Updates: Efcc Declares MBA Forex MD Maxwell Chizi Odum Wanted

Economic and Financial Crimes Commission (Efcc) have declared MBA Forex MD Maxwell Chizi Odum wanted following the collapse of the forex investment scheme, and billions of investors money trap. Efcc made this known via a Facebook post… The general public is hereby notified that MAXWELL CHIZI ODUM, A.K.A. MBA TRADING AND CAPITAL INVESTMENT LIMITED, whose […]

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Wema Bank Signs Davido As Brand Ambassador, Gifts Him Brand New SUV (Photos)

Nigeria leading Commercial Bank, Wema Bank has announced the signing of pop star, David Adeleke, aka Davido, as a brand ambassador for its digital bank, ALAT by Wema. Recall that a few weeks ago, the award-winning singer raised N201m when he recently posted his account number shortly before his 29th birthday and asked industry friends […]

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Twitter Co-Founder Jack Dorsey Resigns From Twitter

Jack Dorsey, the cofounder and public face of Twitter, has step down from his role as CEO, effective immediately, the company announced. According to Africhome sources Parag Agrawal, Twitter’s chief technology officer, will take over as CEO. Read Jack Dorsey official resignation letter to Twitter below. Hello team.. After almost 16 years of having a […]

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Google Removes eNaira App From playstore After Series Of Complaints, Poor Ratings

Barely 48hrs after Nigeria President Muhammadu Buhari launched the eNaira Digital Currency in Abuja, the eNaira Wallet application has been removed from Google Play Store after series of complains and poor rantings from Nigerian users. However, the app is currently available on the Apple app store with 2.6 over 5 ratings. The digital currency has […]

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