exchange

The Centre for the Promotion of Private Enterprise (CPPE) on Sunday appealed to the Central Bank of Nigeria (CBN) to peg the customs duty exchange rate at N1,000 per dollar for the rest of the year in line with the federal government’s commitment to ease economic hardship on the citizens. In a statement signed by Muda Yusuf, director of CPPE, the think tank said the current customs duty exchange rate of N1488.9/$ is too high in the context of the current inflation and difficulties facing businesses and citizens.…

Bankrupt crypto exchange FTX may sell its shares in artificial intelligence startup Anthropic, a U.S. judge ruled Thursday.US Bankruptcy Judge John Dorsey in Wilmington, Delaware approved FTX's proposal to sell the shares after FTX reached a compromise in court with a group of FTX customers that had opposed the sale. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisitIIM KozhikodeIIMK Advanced Data Science For…

Popular YouTuber MrBeast, famous for his amazingly successful videos, has engaged in a humorous and thought-provoking exchange with OpenAI CEO Sam Altman about the new AI tool called Sora, an advanced text-to-video generator launched by OpenAI just 2 days ago .The funny exchange between MrBeast, whose real name is James Stephen Donaldson, and Altman highlighted the potential negative impact of AI technology on content creators like MrBeast. The conversation happened on X (formerly Twitter), which caught the interest of…

Coinbase Global on Thursday posted its first quarterly profit since 2021 on sturdy trading volumes due to a resurgence of interest in crypto, sending its shares up nearly 13% after the bell.Investor enthusiasm for crypto was rekindled in recent months by the US Securities and Exchange Commission's (SEC) highly anticipated approval of the first spot bitcoin exchange-traded funds (ETFs).Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitIIT…

In 1985, Abimbola Olurotimi Ogunbanjo began a long, rich career in Lagos, when he joined Chase Manhattan Bank as a credit analyst. Born in July 1962 to a renowned corporate lawyer, Christopher Oladipo Ogunbanjo, from Ogun State, he obtained Bachelor of Science degree in Business Administration from American College, Switzerland, in 1985, followed by an LLB in Law from the University of Buckingham, UK, in 1989. Mr Ogunbanjo joined his father’s law firm, Chris Ogunbanjo LP, in 1990 after leaving Chase Manhattan…

In the volatile crypto market, where Bonk experiences downturns and Solana enjoys success with its Jupiter project, Scorpion Casino (SCORP) stands out as a notable contender. Amid the fluctuations, it positions itself as a leading crypto presale, attracting investors with the potential for significant returns. Distinguishing itself with a presale that remains appealing despite market challenges, Scorpion Casino offers Daily Staking Rewards, enhancing its attractiveness. The last batch of presale tokens are…

Los Angeles, California, February 7th, 2024, ChainwireKey TakeawaysFocus, the revolutionary new decentralized SocialFi app, raised $75 million in one weekFocus rivals subscription platforms like OnlyFans and Patreon, a multi-billion-dollar industryUsers can reserve with DESO, BTC, ETH, and more to earn a 90% bonus in $FOCUS tokens for a limited timeFocus, a new decentralized SocialFi app built on the DeSo blockchain, has made waves in the crypto industry by amassing over $75 million in token reservations…

WazirX founder Nischal Shetty and erstwhile chief executive of Zebpay Avinash Shekhar have joined hands to launch a rupee-denominated futures exchange for crypto traders.The India-registered platform, Pi42, will allow Indian crypto enthusiasts to engage in derivative trading in the local currency. Indians mostly had to use international exchanges for derivative trading till recently.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Product…

Cryptocurrency exchange Gemini Trust Co said on Saturday that crypto lender Genesis has filed a motion in U.S. Bankruptcy Court authorising a sale of trust assets and seeking authorization to monetize its interests in two Grayscale Ethereum trusts, securities that provide investors exposure to cryptocurrency. The motion filed by Genesis late on Friday seeks authority for Gemini to monetize the initial collateral of 30,905,782 shares of Grayscale Bitcoin Trust, Gemini said. Elevate Your Tech Prowess with High-Value Skill…

In a move to further liberalize the Nigerian foreign exchange market, the Central Bank of Nigeria on Wednesday lifted exchange rate restrictions for International Money Transfer Operators (IMTOs). The restriction was previously announced in a circular dated 13 September 2023, with reference TED/FEM/PUB/FPC/001/009, announcing a significant shift in the regulation of exchange rates by IMTOs. The circular initially mandated IMTOs to quote rates within an allowable limit of -2.5 percent to +2.5 percent around the…