I know Nigeria

A brand new cryptocurrency coin is launching with the mainstream African user in mind. KureCoinHub, a self-service banking platform built into a decentralised system based on smart-contracts on the Ethereum blockchain. It has been described as the largest cryptocurrency project in Africa. KureCoin was created as an investment solution to help Africans rise above the poverty line, by developing a unique access point for the mainstream user into the cryptoeconomy. The KureCoinHub is a trifecta of a bank, an exchange platform called KUREX and the coin called KURECOIN. KureCoinHub runs on a highly secure system, built with the proof of stake algorithm based on Ethereum smart-contracts, which have been said to be perfectly suited to direct buyer-seller interaction. According to the founder and CEO, Tega Abikure, KureCoin was created to function as a much easier way to buy and sell. His team identified an opportunity to use blockchain technologies to solve problems such as access to cap...

The World Bank on Friday approved an International Development Association (IDA) Credit of 486 million dollars for the rehabilitation and upgrading of electricity transmission substations and lines in Nigeria. Olufunke Olofon, Senior Communications Officer, World Bank, Nigeria, made this known in a statement released on Friday. She said that the investments would increase the power transfer capacity of the transmission network. The World Bank Country Director forNigeria, Mr Rachid Benmessaoud, said the Nigeria Electricity Transmission Project (NETP) would help address key bottlenecks in the transmission network. “It will also improve access to affordable and reliable electricity service to citizens. The credit will also enable distribution companies supply consumers with additional power. “Together with other investments and policy measures, the project will contribute to ensuring adequate and reliable electricity supply that is necessary forNigeria’s continued econo...

The Central Bank of Nigeria has stopped the payment of dividends to shareholders by Deposit Money Banks and discount houses with huge bad loans and low capital base.This is due to the rising non-performing loans and the need to stop further erosion of the capital base of the banks and discount houses. The directive is coming barely a week to the release of the 2017 financial year’s annual reports by commercial banks and discount houses in the country.The development has dashed the hope of many shareholders as a number of the banks will be affected by the directive and consequently unable to pay dividends. The CBN said the move was aimed at stemming the tide of rising non-performing loans and the consequent weakening and erosion of the banks’ capital base. The directive was handed down in a letter dated January 31, 2018.In the letter to the banks and discount houses, which was signed by the Director, Banking Supervision Department, CBN, Ahmad Abdullahi, the regulator said it had ...

NEXIM BANK offers a range of services The Nigerian Export-Import Bank (NEXIM) was established by Act 38 of 1991 as an Export Credit Agency (ECA) with a share capital of N50, 000,000,000 (Fifty Billion Naira) held equally by the Federal Ministry of Finance incorporated and the Central Bank of Nigeria. SERVICES NEXIM lends money directly to Nigerian exporters to fund their purchase of capital goods, raw materials, packaging materials, spare parts through their Direct Loans facility. The facility also covers the provision of infrastructure as well as revitalization and modernization of plants/machinery. Providers of export services in the areas of consultancy, tourism, oil and gas etc are also eligbile for support. Direct Lending Facility (DLF)NEXIM lends money directly to Nigerian exporters to fund their purchase of capital goods, raw materials, packaging materials, spare parts through our Direct Loans facility. Check details here

Austria has introduced a flexible new immigration system with the Red-White-Red Card (RWR card). The aim is to provide skilled workers from third countries and their family members with permanent and permanent immigration to Austria based on personal and labor market policy criteria. The most important criteria are: qualification, work experience, age, language skills, an adequate job offer and minimum wage. The RWR card is issued in two variants: RWR card: entitles to establishment and employment with a specific employer. RWR card plus: entitles to establishment and unrestricted access to the labor market. The following persons can receive an RWR card: Especially highly qualified specialists in shortage occupations Other key staff graduates The following persons can receive an RWR card plus: Family members of the mentioned groups of persons and holders of a Blue Card EU; Family members of foreigners already permanently resident. blue card EU The Blue Card EU implements the requirement...

Anyone who intends to stay in Austria for more than 6 months must apply for a residence permit instead of a visa.  Residence permits are requested at the embassy but issued by the authorities in Austria - and only for a period of more than 6 months.  The application for a residence permit must normally be submitted to the Austrian Embassy prior to departure.  It is not allowed to enter Austria unless an application has been approved.  As a rule, your foreign documents must be authenticated before applying for residence permits.  You will find more details in the chapter Certifications. Quota-requiring settlement permit  For the allocation of the quota places is not the arrival at the domestic authority relevant, but the submission date  at the Austrian representative authority abroad.  It is basically for each application to arrange a separate  appointment.  The application must be submitted in person.  Due to the rush, immed...