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Central Bank Digital Currencies: The next big thing in global finance

Interest in bitcoin and other cryptocurrencies is surging and central banks don’t want to be left behind by financial innovation. Around 80 percent of the world’s central banks are examining how to launch digital versions of their own currencies. Financial institutions around the globe have started embracing this evolution as they are currently buzzing with […] Read Full Story

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Lagos tops Nigeria’s investment destination with $8.304bn capital inflow

Lagos State, Nigeria’s commercial city, has emerged top destination of capital investment in Nigeria, recording $829.64 million inflow in fourth-quarter (Q4) 2020 and $8.304 billion in full-year 2020, the National Bureau of Statistics (NBS) latest report on Nigerian Capital Importation (Q4/full-year 2020) shows. Lagos, which accounted for 77.56 percent of the total capital inflow in […] Read Full Story

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‘Free trade, tech the missing pieces in Africa’s growth puzzle’

To crack the next growth market for African businesses, the continent must leverage more on digital technology and remove obstruction to the free trade pact to promote wealth creation and employment generation post-Covid-19, African policymakers and business leaders have said. At BusinessDay’s African Business Convention, held virtually on Tuesday, some of the continent’s top business […] Read Full Story