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FG Vows To Vitalize Lottery To Ensure Infrastructural, Socio-Economic Development

By Agbo Sunday Abakaliki The Federal Government yesterday pledged full commitment in developing the lottery industry with a view of generating huge revenue to enable it transform the society through the provision of infrastructural and other socio-economic development. Secretary to the Government of the Federation, Babachir David Lawal disclosed the intention on the occasion

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Nigeria’s apex bank bars banks from virtual currency transactions

-Agency reports The Central Bank of Nigeria, CBN, Tuesday, banned banks from all transactions in bitcoin and other virtual currencies. A circular signed by the apex bank’s director, financial policy and ‎regulation department, Kelvin Amugo, stated that the move was necessitated by money laundering and terrorism financing risks inherent in operations of

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EU fines JP Morgan, HSBC, Credit Agricole £410m for rate rigging

-Anietie Udobit, agency reports Credit Agricole, HSBC and JP Morgan have been fined for rigging the Euribor interest rate benchmark as European Union antitrust regulators ended a five-year investigation into the scandal. The European Commission’s competition watchdog fined the banks a total of €485m (£410m) for participating in a cartel in euro

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