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    FY 2020: Zenith Bank Plc rakes in N230.6 billion profit after tax

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    Jim Ovia set to receive over N12bn in dividend from Zenith Bank Plc

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    Central Bank of Nigeria introduces “CBN Naira 4 Dollar Scheme” for Diaspora remittances

    Central Bank of Nigeria introduces “CBN Naira 4 Dollar Scheme” for Diaspora remittances

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

    Nestle Nigeria Plc issues notice of AGM

    FG approves 39 licences for fish importation

    FG approves 39 licences for fish importation

    Nigeria has 2.5m metric tonnes of fish deficit — Minister

    Nigeria has 2.5m metric tonnes of fish deficit — Minister

    Updated: AstraZeneca–Oxford Covid-19 vaccine arrives Nigeria

    Updated: AstraZeneca–Oxford Covid-19 vaccine arrives Nigeria

    NNPC says no plan to increase petrol price in March

    NNPC says no plan to increase petrol price in March

    JPMorgan endorses 1% portfolio allocation to Bitcoin as a hedge

    JPMorgan endorses 1% portfolio allocation to Bitcoin as a hedge

    Zoom Video Communications Inc extends losing streak to day 7

    Zoom Video Communications Inc extends losing streak to day 7

    Gamestop rally due to institutional speculative option bets

    Gamestop rally due to institutional speculative option bets

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    Okonjo-Iweala, WTO and Nigeria: Internal Worries

    Okonjo-Iweala, WTO and Nigeria: Internal Worries

    Nigeria raises borrowing limit in New Debt Management Plan

    DMO delivers new plan for debt management, amid rising fiscal pressures

    Fixed Income Market: Special Bills Drifts the Market in Search of Direction

    Domestic Economy: A Glimmer of Hope…as Surprise Growth in GDP Stimulates Economy out of Recession

    Nigeria exits recession as GDP grew for the first time in 3 quarters

    Nigeria exits recession as GDP grew for the first time in 3 quarters

    Nigeria’s Inflation rate hits16.47%, the highest since May 2017

    Nigeria’s Inflation rate hits16.47%, the highest since May 2017

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

    FG and States allocations in 2020

    Irreconcilable Incongruities (3) – Brain Drain vs Brain Gain

    Irreconcilable Incongruities (3) – Brain Drain vs Brain Gain (Continued)

    Irreconcilable Incongruities (3) – Brain Drain vs Brain Gain

    Irreconcilable Incongruities (3) – Brain Drain vs Brain Gain

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    Nigeria raises borrowing limit in New Debt Management Plan

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    Nigerian Stock Market Daily Report: Investors lose N277.597 Billion as sell-off continues

    Stocks Fall for Fifth-Straight Week, Industrial Goods Sector Emerges Lone Gainer in Week

    List of Dividends announced in 2021, qualification and payment dates

    List of Dividends announced in 2021, qualification and payment dates

    Sunny Anene raises his stake in United Capital Plc

    Dennis Olisa raises his stake in Zenith Bank Plc

    Total transaction on the Nigerian Bourse declined by 13.7% MoM

    Total transaction on the Nigerian Bourse declined by 13.7% MoM

    Nigerian Stock Market Daily Report: Investors lose N277.597 Billion as sell-off continues

    Local Bourse Extends Losing Streak…with All Share Index Below 40,000pts

    Fixed Income Market: Tide Remains Bleak in the Fixed Income Market

    Fixed Income Market: Rates Persist on a Piecemeal Shift

    Sunny Anene raises his stake in United Capital Plc

    Sunny Anene raises his stake in United Capital Plc

    GameStop surges 104% as buying frenzy resumes

    GameStop surges 104% as buying frenzy resumes

    Tesla suffers biggest loss in 5 months amid Bitcoin slump

    Tesla suffers biggest loss in 5 months amid Bitcoin slump

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    2.5m Metric Tonnes of Fish Deficit: Options from Ondo and Delta States

    2.5m Metric Tonnes of Fish Deficit: Options from Ondo and Delta States

    Here is when Seplat will release 2020 full year audited financial results

    FY 2020: Seplat reports over N30 billion loss as revenue declines

    Now that Eto Has Cleared Apapa Roads

    Now that Eto Has Cleared Apapa Roads

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

    FY 2020: Nestle Nigeria Plc reports 14% decline in profit

    Coinbase to list on Nasdaq by Introduction, cites bitcoin founder(s) as risk factor

    Coinbase to list on Nasdaq by Introduction, cites bitcoin founder(s) as risk factor

    FY 2020: Zenith Bank Plc rakes in N230.6 billion profit after tax

    FY 2020: Zenith Bank Plc rakes in N230.6 billion profit after tax

    AGM suspension: Oando’s shareholder wins court case against SEC

    AGM suspension: Oando’s shareholder wins court case against SEC

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    Resolutions passed at Africa Prudential Plc’s Board of Directors meeting

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    CBN Revises Timeline for Resolving Failed ATM, PoS and Web Transactions.

    CBN keeps in place Forbearance for Credit Facilities, Monitors Economic Recovery

    Brent rises above $60 per barrel as oil rally continues

    Oil Price Jolts Up as OPEC+ Maintains Production Output for April 2021

    On that Misguided Food Blockade

    On that Misguided Food Blockade

    Scientists develop a vaccine strategy for treating urinary tract infections

    Scientists develop a vaccine strategy for treating urinary tract infections

    Jim Ovia set to receive over N12bn in dividend from Zenith Bank Plc

    Jim Ovia set to receive over N12bn in dividend from Zenith Bank Plc

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Ripple is now registered as a Wyoming business

Monday, 22 February 2021, 12:52 am
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Ripple is now registered as a Wyoming business
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Blockchain based payment firm, Ripple Labs has now registered as a business in Wyoming citing better regulatory policies than is obtainable in San Francisco, California

Caitlin Long, who is the CEO of digital bank Avanti Bank & Trust and associated with the Wyoming state legislature’s Select Committee on Blockchain, Financial Technology and Digital Innovation, welcomed the news with a tweet stating that Wyoming laws are more crypto friendly:

WELCOME TO #Wyoming, @Ripple! More #crypto cos are realizing Wyoming is a better domicile than Delaware due to our crypto-friendly laws. People often ask how many cos have relocated/redomiciled to Wyoming–we dunno. We don't keep lists & we like it that way #XRP @Mark_Gordon_WY🤠 pic.twitter.com/zsUApz25Jy

— Caitlin Long 🔑 (@CaitlinLong_) February 21, 2021

She said crypto firms like Ripple should consider relocating to Wyoming due to the state not having any corporate or franchise taxes, and cryptocurrencies being exempt from property and sales tax.

In addition, U.S. Senator Cynthia Lummis, a Wyoming lawmaker is one of the first to say digital assets will be a key part of her legislative agenda. Wyoming is becoming one of the most attractive U.S. states for crypto and blockchain firms. Last year, the Wyoming State Banking Board granted crypto exchange Kraken a charter to operate as a crypto-friendly bank and gave Avanti the green light to receive and custody crypto in a similar fashion. In the wake of Tesla’s $1.5 billion Bitcoin (BTC) purchase earlier this month, Senator Lummis invited CEO Elon Musk to consider relocating to the state.

Victor Nnadi

Victor Nnadi is an Independent Economics Researcher and a Securities Trader.

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