Category: Nigerias
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Nigeria’s Crypto Tax Reform To ‘Boost Foreign Investment’
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Nigeria’s financial authorities recently announced plans to overhaul the tax system to include crypto assets. A Nigerian organization has hailed the upcoming proposal, which aims to update existing policies and adapt to the evolving financial landscape, describing the effort as a “game-changer” for the country’s economic growth. FIRS tax reform…
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Blockchain can combat illicit fund transfers, Nigeria’s top finance investigator says
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Blockchain technology and artificial intelligence can be used to combat illicit activities, said Olanipekun Olukoyede, Chairman of the Nigerian Economic and Financial Crimes Commission. The stakes are high for Africa, with the continent losing $88.6 billion annually to illicit money flows. According to the Guardian, Olukwede expressed concern that the…