Day: October 5, 2021

FIRSTBANK HOSTS FINTECH SUMMIT 5.0, HIGHLIGHTS THE IMPACT OF OPEN BANKING ON FINANCIAL INCLUSION

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First Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider, has announced that the 2021 edition of its annual FINTECH Summit is scheduled to hold on Thursday, 7 October 2021 by 10:00 am. The virtual event is opened to everyone, but participants are required to register via the link https://firstbanknigeria.zoom.us/webinar/register/WN_NmkYfeckQqu4vjTWy5lr5w The 2021 edition of the summit which is the fifth in its series is themed; “Open Banking and its Derivative Opportunities for the Financial Ecosystem” and will be discussed by experts, policy influencers, regulatory officials as well as key…

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Peter Obi, nine others implicated in Pandora papers revelation

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10 Nigerian politicians were on Monday, implicated in the Pandora Papers for tax evasion. They were among hundreds of individuals from other countries indicted by the papers for hiding their wealth and assets in offshore locations to evade taxes. The Pandora Papers is an investigation based on one of the biggest-ever leaks of financial documents which exposed a hidden world of shielded wealth belonging to hundreds of politicians and billionaires. Published by the International Consortium of Investigative Journalists on Sunday, the papers listed 336 politicians, including nationals of eight African…

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2face accused me of sleeping with his wife -Brymo

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In a long Twitter thread on Monday night, Nigerian singer, Olawale Ashimi, popularly known as Brymo, alleged that Innocent Idibia, popularly known as 2face/2baba accused him of sleeping with his wife. Brymo narrated his feud with 2face, alleging that the latter sent thugs to beat him up. His thread read, “In the very recent past, a man falsely accused me of sleeping with his wife.. and I’ve waited in angst, and the words were never taken back still, efforts were consistently made to prove I did it still.. and my…

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Nigeria missing on UK COVID-19 vaccine certificates list

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Nigeria is missing on the list of more than 50 countries the United Kingdom relaxed its COVID-19 vaccine policy for. Consequently, fully vaccinated Nigerians travelling to UK still need to self-isolate for at least 10 days before they can enter the country. Nigerian travellers had expressed displeasure over COVID-19 tests in the UK, despite being fully vaccinated. But the UK government had said Nigeria was on the ‘amber’ list, which had restrictions for travellers to the UK, irrespective of whether they had been vaccinated against COVID or not. From yesterday,…

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Mark Zuckerberg loses $7bn to Facebook outage

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Facebook stock went down by about 5.5 per cent, while its Chief Executive Officer, Mark Zuckerberg, also lost nearly $7bn to the outage that plagued the social media platform on Monday. Also affected were WhatsApp and Instagram, both owned by the Silicon Valley, California-based tech company. In all, the global economy lost billions of dollars to the outage which took place at about 4.42pm Nigerian Time on Monday. According to NetBlocks, which tracks internet outages and their impact, the outage had already cost the global economy about $160m per hour.…

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Pandora papers expose leaders’ offshore millions

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According to a far-reaching new investigation by the ICIJ media consortium, more than a dozen heads of state and government, from Jordan to Azerbaijan, Kenya, and the Czech Republic, have used offshore tax havens to hide assets worth hundreds of millions of dollars. The so-called “Pandora Papers” investigation — involving some 600 journalists from media including The Washington Post, the BBC and The Guardian — is based on the leak of some 11.9 million documents from 14 financial services companies around the world. Some 35 current and former leaders are…

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