World Bank Suspends New Loans To Uganda After The Country Passed An Anti-LGBT Law

The World Bank has suspended fresh loans to Uganda as a result of the country’s passage of a strict law prohibiting same-sex relationships. In May, President Yoweri Museveni approved an anti-LGBT bill that includes the death penalty for “aggravated homosexuality” and a 20-year prison sentence for “promoting” homosexuality. In a statement issued on Tuesday, the […]

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Binance Nigeria Is A Scam Entity – Binance Ceo Changpeng Zhao Warns Investors

Changpeng Zhao, Co-founder and CEO of cryptocurrency exchange Binance, has labeled Binance Nigeria Limited as scammer entity. Zhao made the comments on Sunday in a tweet. “Binance have issued cease & desist notice to the scammer entity “Binance Nigeria Limited”. Don’t believe everything you read in the news,” he said. This comes a week after […]

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JUST IN: CBN grants banks freedom to trade forex at any Rate

The Central Bank of Nigeria has authorised commercial banks to freely trade foreign exchange at any rate. The authorisation means that banks now have the power to sell forex at a market-determined rate. Africhome gathered that some banks have pegged the USD to Naira rate at N699 to N750, suggesting that Nigeria is now operating […]

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CRYPTO: Binance And Mastercard Launch Prepaid Crypto Card In Brazil

Binance and Mastercard has officially launch a prepaid crypto card In Brazil. The card is in its beta launch phase in Brazil, and will be widely available in the coming weeks. The Binance Card issued by Dock allows all new and existing Brazilian Binance users with a valid national ID to make purchases and pay […]

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JUST IN: Central Bank Of Nigeria Extend Old Naira Note Use Deadline

The Central Bank of Nigeria (CBN) has extended the deadline for the use of old 200, 500, 1000 notes to February 10. CBN Governor, Godwin Emefiele, announced the extension in a statement signed on Sunday. He explained that the apex bank has sought approval from President Muhammadu Buhari to extend the deadline for the use […]

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JUST IN: CBN Released Security Features Of Redesigned Naira Notes

The Central Bank of Nigeria has released the security features of the newly redesigned ₦200, ₦500 and ₦1,000 naira notes. Images of the security features were shared via CBN’s Twitter handle on Friday. This comes after reports that counterfeits of the new naira notes were already in circulation. How To Identify Fake Naira Notes Some […]

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JUST IN: Cryptocurrency Co-Founder Tiantian Kullander Dies ‘Unexpectedly’ At Age 30

The Co-Founder of a Cryptocurrency company Tiantian Kullander has died “unexpectedly” at the age of 30. Tiantian Kullander, who co-founded the Hong Kong-digital asset company Amber Group, passed away in his sleep, a spokesman for his firm said. The father-of-one, named in Forbes’ prestigious 30-under-30 list in 2019, died ‘unexpectedly’ on 23 November. No further details […]

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JUST IN: Crypto Platform FTX Goes Bankrupt In US, CEO Resigns

Crypto exchange, FTX has filed for bankruptcy in the United States of America. In a statement issued by the company on Twitter, the platform’s Chief Executive Officer, Sam Bankman-Fried, has also stepped down as CEO and has been replaced by John J. Ray III. Bankman-Fried will however stay on to assist with the transition. FTX […]

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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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