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A quick notice:
Yesterday, we wrote about Innoson’s supposed partnership with an admittedly strange cryptocurrency, Zugacoin. Innoson Vehicle Manufacturing has come out to debunk any claims of such partnership, quelling other questions we had about the announcement. Still, could that really be the full gist?
NITDA fines Nigerian fintech company
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The story: The Nigerian Information Technology Development Agency (NITDA), has fined Nigerian financial services provider, Electronic Settlements Limited with the sum of ₦5 million ($13,123) for Data Protection Breach.
Electronic Settlement Limited is a financial services company behind products like Paypad, a mobile Point of Sale (mPoS) service, and CashEnvoy, a web payment gateway.
NITDA imposes N5m fine on Fintech for data breach punchng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from punchng.com Daily Mail and Mail on Sunday newspapers.
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BY: Dotsey Koblah Aklorbortu
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Ghana Railways made immeasurable contribution towards the attainment of the country’s independence in 1957.
It also contributed to the creation of a nation and an economy backed by the rail sector 64 years ago.
The idea to establish a railways sector in 1895 and port in the late 1920s made the Ghana Railways Corporation become the first corporate institution in the then Gold Coast, which gave birth to several other companies.
In spite of its part in the fight for independence and pioneering role in birthing many companies in the country, Ghana Railways is a pale shadow of itself and a former senior management staff of the then Ghana Railways Corporation has lamented the current poor state of the company.
The seminar was organised by the Securities and Exchange Commission (SEC).
Ahmed said that retail investment would make citizens invest in the market in an easy and simple way.
She described the theme of the seminar:`
Financing Nigeria’s Budget and Infrastructure Deficits through the Capital Market’ as apt, given the urgent need to build infrastructure in the country.
The minister remarked that the capital market served as an important channel through which government budget and economic infrastructure deficits could be financed.
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Past experiences have shown that the capital market has been supportive in providing the necessary funds to finance governments’ projects.