N787bn was disbursed to MSMEs in 2023, says DBN

The Development Bank of Nigeria (DBN) says N787 billion has been disbursed to more than 495,000 micro, small, and medium-scale enterprises (MSMEs) in 2023. The bank disclosed this in its recently released cumulative ‘Social Impact Report’ for 2023. The DBN said the effort was aimed at improving access to finance …

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Canada fines Binance $4.38m for breach of money laundering laws

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has fined Binance, a popular cryptocurrency platform, “$6 million for violating the country’s money laundering and terrorist financing laws”. According to international media, the fine is valued in Canadian dollars, bringing the total amount to USD4.38 million when converted. In a recent statement on its …

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