According to reports, the Nigerian fintech bank at the end of the 2021 financial year, Kuda Bank recorded a loss of ₦6,092,554,866 ($14,214,681), a 602% rise from the ₦868,062,000 ($2,025,295) loss it made in 2020, according to the financial report.
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It will be recalled that the bank has now start deducting bank stamp duty on amounts from 10,000 and above
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