Month: September 2021

Solana Says Bots Generated Transactions That Flooded the Network on Sept. 14 - Solana attributed the 17-hour blackout to a denial-of-service attack targeting decentralized exchange (DEX) on Sep. 14. According to the Solana Foundation, ...

Nigeria Raises $4bn through Eurobonds - In what is a signal of investor confidence in its economy despite headwinds, Nigeria has raised $4 billion through Eurobonds, an amount that was raised ...

Nigerian govt to use technology to tax digital transactions - The government of President Muhammadu Buhari says it will deploy technology to tax all digital transactions carried out across Nigeria in ...

Nigeria records N817.35b trade in agricultural products in Q2 - The Federal Government of Nigeria recorded N817.35 billion trade in agricultural goods in the second quarter 2021, it was learnt Monday. ...

Nigerian Govt gets N2.336tr from sale of imported fuel - The Nigerian National Petroleum Corporation (NNPC) on Monday said its subsidiary, Products Marketing Company (PPMC), realised N2.336 trillion from sale of ...

Sterling Bank projects N3.2bn PBT for 2021 fourth quarter - Sterling Bank Plc. says it is projecting a profit before tax (PBT) of N3.2 billion on gross earnings of N40.194 billion ...

DeFi Hack: BSC-Based Platform pNetwork Loses $12.7M in BTC - In the ever-growing crypto industry, we could spot many hacks going around. One of the recent hacks happened on pNetwork. pNetwork, ...

Nigeria’s VAT controversy heightens North/South divide - The raging battle for the control of Value Added Tax (VAT) proceeds between some states governments and the Federal Government has further exposed the ...

Wema Bank inaugurates Quick Loan for businesses - Wema bank has launched Quick Loan to assist entrepreneurs, startups and corporate customers scale their businesses. The feature, which is hosted on ALAT ...

How agency banking is helping Nigerian Banks cut operation cost - It is a win-win situation for banks and their customers when banking services are brought closer to the grassroots. That ...