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Vanguard – CBN Injects $210m into Forex Market

As the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) commenced its last meeting for 2017, the bank injected has 210 million dollars into the inter-bank Foreign Exchange Market. The CBN Acting Director, Corporate Communications, Mr Isaac Okorafor in a statement issued on Monday in Abuja, said the interventions were in the…
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BBC UK – Number of young people acting as ‘money mules’ doubles

The number of young people caught acting as “money mules” has doubled in the past four years, according to the UK’s fraud prevention service, Cifas. A mule allows their bank account to be used by others to transfer money in and out of it, and in return, keep some of the money for themselves. The…
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Vanguard – World Bank projects $22bn diaspora remittance to Nigeria in 2017

By Elizabeth Adegbesan THE World Bank has projected that up to $22 billion will flow into Nigeria in 2017 through Diaspora remittances, noting that global remittance flow is set to recover this year after two consecutive years of decline. This was contained in the latest edition of the World Bank’s Migration and Development Brief, released,…
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