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    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

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    No new CP in Lagos, Alabi still in charge, says Hundeyin

    No new CP in Lagos, Alabi still in charge, says Hundeyin

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    How Osun state governor, Adeleke was sacked by tribunal

    How Osun state governor, Adeleke was sacked by tribunal

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    Adeleke reacts to his removal as Osun state governor

    JUST IN: Tribunal annuls Adeleke’s election, declares Oyetola Osun gov

    JUST IN: Tribunal annuls Adeleke’s election, declares Oyetola Osun gov

    Studying in UK? Proposed visa policy may require you to leave in 6 months if without a job

    Studying in UK? Proposed visa policy may require you to leave in 6 months if without a job

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    Nigeria’s total debt rise above N44 trillion – DMO

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    JUST IN: CBN limits weekly cash withdrawal to N100k

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    Law to legalize crypto as a payment method passed in Brazil

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    Buhari to unveil new naira notes Wednesday — no longer Dec 15

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    The Okomu Oil Palm Plc announces N7.00 interim dividend for H1 2022

    Local Bourse Records 2nd Day Loss…… As NGX-ASI Decreases by 0.02%

    FGN Savings Bond rate rises above 12% in September 2022

    DMO offers N360 bn FGN Bonds for subscription in January

    FY 2020: Nigerian Breweries Plc reports 54.3% decline in profit

    Sellers Sway the Performance of the Equities Market… As NGX-ASI Dips By 0.09%

    MTN Nigeria Communications Plc announces Board Meeting and close period for Q1 2021

    MTN Nigeria set to allot ‘incentive shares’ to shareholders

    Nestle Nigeria Plc announces Board meeting to consider 2020 accounts and dividend

    NGX-ASI Depreciated by 2.03%… As Year-to-Date slides down to 2.62%

    NGX Reg lifts suspension on Trading of Niger Insurance Plc’s shares

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    Cadbury Nigeria Plc’s profit more than doubled in 2022 amid revenue growth

    FY 2020: Unilever Nigeria Plc remains in loss despite revenue growth

    Unilever Nigeria Plc grows profit by 75.8% in FY 2022

    Dangote Cement Plc announces date of Board meeting to consider 2020 accounts

    Dangote Cement Plc appoints Arvind Pathak as new GMD

    Release of Oando’s 2019 Annual Financial Statements delayed again

    Oando blames complexity of audit for continued delays in releasing its financial statements

    Access Bank’s plan to acquire Kenya’s Sidian Bank cancelled

    Access Bank’s plan to acquire Kenya’s Sidian Bank cancelled

    UK fines GTBank for ‘money laundering system failures

    UK fines GTBank for ‘money laundering system failures

    Ellah Lakes Plc subsidiary to boost soybean production in Enugu, signs seed production agreement with IITA

    Ellah Lakes Plc subsidiary to boost soybean production in Enugu, signs seed production agreement with IITA

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    Canceling Keystone XL pipeline cost thousands of jobs, billions of dollars – Biden Administration

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    How to move to Canada by starting a business – Part 1

    Building a Successful Business Organization: Lessons from the Bible

    Building a Successful Business Organization: Lessons from the Bible

    2023 Bible Lessons on Setting your Financial/Investment Goals

    2023 Bible Lessons on Setting your Financial/Investment Goals

    Fact check: Is the Investment Peter Obi made for Anambra State worth next to nothing?

    Fact check: Is the Investment Peter Obi made for Anambra State worth next to nothing?

    37 years between the Buhari regimes… Economic lamentations remain the same

    37 years between the Buhari regimes… Economic lamentations remain the same

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    FACT CHECK: Did Buhari inherit lowest oil production as Tinubu claims?

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    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

    BREAKING: CBN extends deadline for old naira notes

    Naira redesign: We can’t guarantee your safety in Kano, postpone visit – Ganduje tells Buhari

    Naira redesign: We can’t guarantee your safety in Kano, postpone visit – Ganduje tells Buhari

    No new CP in Lagos, Alabi still in charge, says Hundeyin

    No new CP in Lagos, Alabi still in charge, says Hundeyin

    Train Derails In Abuja, NRC Suspends Services

    Train Derails In Abuja, NRC Suspends Services

    How Osun state governor, Adeleke was sacked by tribunal

    How Osun state governor, Adeleke was sacked by tribunal

    Adeleke reacts to his removal as Osun state governor

    Adeleke reacts to his removal as Osun state governor

    JUST IN: Tribunal annuls Adeleke’s election, declares Oyetola Osun gov

    JUST IN: Tribunal annuls Adeleke’s election, declares Oyetola Osun gov

    Studying in UK? Proposed visa policy may require you to leave in 6 months if without a job

    Studying in UK? Proposed visa policy may require you to leave in 6 months if without a job

    Britain considers allowing foreign students to work longer hours

    Britain considers allowing foreign students to work longer hours

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    FG explains why Nigeria’s total debt will rise to N77 trillion by the end of May 2023

    U.S unemployment fell to a five-decade low

    U.S unemployment fell to a five-decade low

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Nigeria’s total debt rise above N44 trillion – DMO

    FG approves 39 licences for fish importation

    Q3 2022: Nigeria’s total trade stood at N11.6 trn, total export falls nearly 20% QoQ

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    JUST IN: CBN limits weekly cash withdrawal to N100k

    Law to legalize crypto as a payment method passed in Brazil

    Law to legalize crypto as a payment method passed in Brazil

    Will Nigerians in diaspora be committing an offence if they make a campaign donation?

    Rivers and Oyo State to join others in establishing small claims courts

    Non-oil sector contributes 93.67% to Nigeria’s GDP in Q2 2022

    Nigeria’s GDP growth slows to 2.25% in Q3 2022, oil sector contribution declines further

    Buhari to unveil new naira notes Wednesday — no longer Dec 15

    Buhari to unveil new naira notes Wednesday — no longer Dec 15

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    • Economic Data
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    Equity Market turns bearish… As Value Traded Spikes by 409.01%

    The Local bourse Closed The Week Bearish… As the NGX-ASI fell by 0.18%.

    Local Bourse closed in Bullish Territory… As NGX-ASI at 0.31%

    NGX-ASI Turns Bullish…As Oil & Gas sector closed at a Gain of 1.58%

    The Okomu Oil Palm Plc announces N7.00 interim dividend for H1 2022

    Local Bourse Records 2nd Day Loss…… As NGX-ASI Decreases by 0.02%

    FGN Savings Bond rate rises above 12% in September 2022

    DMO offers N360 bn FGN Bonds for subscription in January

    FY 2020: Nigerian Breweries Plc reports 54.3% decline in profit

    Sellers Sway the Performance of the Equities Market… As NGX-ASI Dips By 0.09%

    MTN Nigeria Communications Plc announces Board Meeting and close period for Q1 2021

    MTN Nigeria set to allot ‘incentive shares’ to shareholders

    Nestle Nigeria Plc announces Board meeting to consider 2020 accounts and dividend

    NGX-ASI Depreciated by 2.03%… As Year-to-Date slides down to 2.62%

    NGX Reg lifts suspension on Trading of Niger Insurance Plc’s shares

    NGX Reg lifts suspension on trading of International Energy Insurance Plc shares

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The Local Bourse Records Gains… As Year-to-Date in closed at 2.68%

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    Cadbury Nigeria Plc’s profit more than doubled in 2022 amid revenue growth

    Cadbury Nigeria Plc’s profit more than doubled in 2022 amid revenue growth

    FY 2020: Unilever Nigeria Plc remains in loss despite revenue growth

    Unilever Nigeria Plc grows profit by 75.8% in FY 2022

    Dangote Cement Plc announces date of Board meeting to consider 2020 accounts

    Dangote Cement Plc appoints Arvind Pathak as new GMD

    Release of Oando’s 2019 Annual Financial Statements delayed again

    Oando blames complexity of audit for continued delays in releasing its financial statements

    Access Bank’s plan to acquire Kenya’s Sidian Bank cancelled

    Access Bank’s plan to acquire Kenya’s Sidian Bank cancelled

    UK fines GTBank for ‘money laundering system failures

    UK fines GTBank for ‘money laundering system failures

    Ellah Lakes Plc subsidiary to boost soybean production in Enugu, signs seed production agreement with IITA

    Ellah Lakes Plc subsidiary to boost soybean production in Enugu, signs seed production agreement with IITA

    Airtel receives $159m as first payment for its Tanzanian towers

    Airtel Nigeria acquires 4G and 5G Spectrum

    Canceling Keystone XL pipeline cost thousands of jobs, billions of dollars – Biden Administration

    Canceling Keystone XL pipeline cost thousands of jobs, billions of dollars – Biden Administration

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    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

    ELECTION: How to check your polling unit, code online

    4 things to consider before buying a laptop

    4 things to consider before buying a laptop

    How to move to Canada by starting a business – Part 1

    How to move to Canada by starting a business – Part 2

    How to move to Canada by starting a business – Part 1

    How to move to Canada by starting a business – Part 1

    Building a Successful Business Organization: Lessons from the Bible

    Building a Successful Business Organization: Lessons from the Bible

    2023 Bible Lessons on Setting your Financial/Investment Goals

    2023 Bible Lessons on Setting your Financial/Investment Goals

    Fact check: Is the Investment Peter Obi made for Anambra State worth next to nothing?

    Fact check: Is the Investment Peter Obi made for Anambra State worth next to nothing?

    37 years between the Buhari regimes… Economic lamentations remain the same

    37 years between the Buhari regimes… Economic lamentations remain the same

    FACT CHECK: Did Buhari inherit lowest oil production as Tinubu claims?

    FACT CHECK: Did Buhari inherit lowest oil production as Tinubu claims?

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Ethereum hits ATH as European Investment Bank prepare inaugural digital bond sale on Ethereum blockchain network

Tuesday, 27 April 2021, 9:31 pm
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Ethereum hits ATH as European Investment Bank prepare inaugural digital bond sale on Ethereum blockchain network
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Ethereum prices have hit an all time high, selling for $2,632.59 at the time of this report, as news broke that the European Investment Bank (EIB) is planning an inaugural “digital bond” sale on the Ethereum blockchain network.

Ethereum (ETH) is up more than 55% in the past month and over 1200% in the past year. The cryptocurrency was founded in November of 2013 by Vitalik Buterin and currently boasts a market cap of roughly $305 billion.

According to unnamed sources that spoke with Bloomberg, the EIB is planning to issue 100 million Euros (roughly $121 million) of two-year notes. The sale will be led by Goldman Sachs, Banco Santander, and Societe Generale.

Read also; Q1 2021: Ecobank Group Profit after tax rises by 22%

How to become a distributor of Dangote Cement

The European Investment Bank, the European Union’s investment arm, an international financial institution, has often been at the forefront of innovation in Europe’s debt capital markets. Back in 2007, the EIB issued the world’s first green bond, labeled a Climate Awareness Bond,  as well as debt benchmarked against a new euro short-term rate called the ESTR.

The news comes as the European Central Bank prepares to decide on whether it will begin exploring a digital euro. In late March, ECB President Christine Lagarde suggested that the digital euro initiative would take at least four years should the bank decide to proceed with a pilot.

While a number of big-name institutions have moved into the cryptocurrency space lately, using cryptocurrencies for debt issuance is still uncommon.

Blockchain, the underlying technology of cryptocurrencies like Bitcoin (BTC) and Ether (ETH), has been increasingly implemented in the bond market in recent years. According to HSBC, blockchain presents cost savings opportunities of “more than 10x” for the bond market, reducing the need for intermediaries and enabling issuance by smaller projects.

Telefonica’s German unit used blockchain technology in early January to raise a 200 million-euro loan, per Bloomberg.

A German real estate company called Vonovia also issued its first-ever fully digital registered bonds earlier this year, totaling €20 million.

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

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