Category: FINTECH
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EFCC arraigns 2 CBEX operators over alleged ₦1bn crypto investment fraud
The Economic and Financial Crimes Commission (EFCC) on Monday arraigned two operators of the cryptocurrency investment platform, Crypto Bridge Exchange (CBEX), over alleged involvement in a fraudulent investment scheme promising unrealistic returns to investors. The defendants, Avwerosuo Otorudo and Chukwuebuka Ehirim, were brought before Justice Mohammed Umar of the Federal High Court, Abuja, on a…
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What Are the Top 20 Jobs Trending in 2025?
1. AI Specialist 2. Quantum Computing Engineer 3. Data Privacy Officer 4. 5G Network Engineer 5. Virtual Reality Developer 6. Augmented Reality Designer 7. IoT Solutions Architect 8. Genomics Biologist 9. Autonomous Vehicle Engineer 10. Blockchain Developer 11. Edge Computing Technician 12. Personalized Healthcare Consultant 13. Neuromorphic Hardware Engineer 14. Renewable Energy Technician 15. Wearable…
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25 New Technology Trends for 2025
Technology is evolving faster than ever, transforming the way we work and live. In this dynamic landscape, it’s not just new tech trends that are reshaping the future, but the very roles of IT professionals themselves. According to Gartner’s research on strategic technology trends, the most influential innovations are expected to disrupt industries and accelerate business…
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The Rise of POS Terminals Overcoming ATMs in Nigeria
In Nigeria, POS terminals have significantly surpassed ATMs. As of March 2024, there were approximately 2.7 million POS terminals compared to fewer than 21,500 ATMs. This shift is attributed to POS terminals’ lower entry barriers, faster deployment, reduced risk, and their contribution to job creation. POS systems offer an efficient payment platform vital for economic…
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Crypto worth $2.1 billion stolen in half-year 2025—Report
A new report by blockchain intelligence firm TRM Labs has revealed that a staggering $2.1 billion worth of cryptocurrency has been stolen in the first half of 2025 across at least 75 hacks and exploits. This marks a 10% increase over the previous first-half record set in 2022 and nearly matches total crypto thefts in…
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China-Africa Forum focuses on infrastructure development
The Director of the Centre for Contemporary China-Africa Research in Nigeria, Prof Sheriff Ibrahim, on Tuesday, said the China-Africa Forum will spotlight poverty alleviation and infrastructure development as key strategies for Africa’s modernisation. According to Ibrahim, the forum will serve as a strategic platform to align African growth efforts with China’s development successes. The second…
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FG signs MoU to train 100,000 youths annually in forex trading
As part of efforts to tackle youth unemployment and promote financial inclusion, the Federal Government of Nigeria has signed a strategic Memorandum of Understanding (MoU) with Investonaire Academy to train 100,000 young Nigerians each year in the dynamic field of foreign exchange (Forex) trading. The agreement, formalized in Abuja, is set to equip Nigerian youth…
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NAIRA STRENGTHENS ACROSS FX MARKETS AFTER SALLAH HOLIDAYS
The naira appreciated significantly against the dollar across both the official and parallel foreign exchange markets to kick off the week on Tuesday, following the Eid-al-Adha holidays. The Central Bank of Nigeria’s official exchange data showed that it rose to N1540 per dollar on Tuesday, up from the N1,553.12 rate recorded on Thursday, June 5,…
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British fintech Wise to move primary listing to the U.S. in blow to London stock exchange.
British money transfer firm Wise on Thursday said that it plans to move its primary listing location to the U.S., dealing a fresh blow to the London stock exchange. Wise said in its full-year earnings statement that it will move to a dual listing, with its main listing hub shifting to the U.S. while maintaining…
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