Mass Sack in Nigerian Banks; CBN Intervenes as Banks Restructure to Offer Fintech Products to Grow Revenue.
Banks like GTBank is looking to restructure into a Holdings Company to deploy Fintech products and increase the revenue of banks
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Dash Partners With AnkerPay, South African Cryptocurrency ATM and PoS Provider, to Grow the Ecosystem in Sub Saharan Africa.
Dash Partners With AnkerPay, South African Cryptocurrency ATM and PoS Provider, to Grow Ecosystem in Sub Saharan Africa.
Posted inNEWS
The Implementation of African Continental Free Trade Area Agreement Postponed Due to COVID-19.
The implementation of the African Continental Free Trade Area (AfCFTA) agreement will no longer start on July 1st this year because of the disruptions caused by the novel coronavirus (COVID-19) global pandemic.
Posted inNEWS
CoinMarketCap Report Ranks Africa as the Second-Fastest Growing in Youth Crypto Adoption With Nigeria Leading the Crypto Adoption in Africa.
Coinmarket Report released its Q1, 2020 reports and ranks Africa as the Second-Fastest Growing in Youth Crypto Adoption with Nigeria leading the crypto adoption in Africa.
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Nigerian Naira Gains Against US Dollar After CBN Resumed Dollar Sales.
The Nigeria Naira has gained against the US Dollars following CBN's resumption on US Dollar Sales
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Popular African Cryptocurrency Exchange, Luno Will Add Litecoin in May.
Following the announcement from the Luno Exchange blog, the Africa's unicorn cryptocurrency exchange will be supporting litecoin market for buying and selling in May.
Posted inNEWS
What Would Happen If Aliko Dangote Buys Into the Ethereum (ETH) in Circulation?
Holding a net worth of about $10.1billion, Aliko Dangote might theoretically be able to buy a huge percentage stake of all the (ETH) in circulation.
Posted inNEWS
IMF Persuades Nigeria to Speed Up Naira Exchange Rate Unification.
The International Monetary Fund (IMF), on Tuesday, April 28, 2020, approved the sum of $3.4 billion, as emergency financial support for Nigeria, as a result of the adverse effects of COVID-19.
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Tatcoin Presale Update: You Can Now Buy Tatcoin on Abitnetwork With Only 9,125 Naira.
Following the end of the Tatcoin presale on April 30, 2020. The presale target was…
Deepening Financial Inclusion With Affordable Fintech Powered Blockchain PSBs in Nigeria
According to a new report released by Enhancing Financial Innovation and Access (EFInA), more Nigerians are embracing financial services, with positive impact on lending and the economy.
Posted inNEWS
The US Unicorn Crypto Exchange, Coinbase Goes Offline Following the Increase in the Price of Bitcoin.
It appears that Coinbase goes down usually during high market uptrends, especially with bitcoin. In June 2019, Coinbase's site and API went down during a nearly $2,000 fall over a 15-minute period.
Blockchain Will Help Nigeria to Achieve Financial Inclusion Through Mobile Money Services.
Coming to Nigeria, the story is not the same. The first mobile money service in Nigeria dates back to 2009. Since then, a dozen new mobile money service providers have emerged with Paga currently, topping the list.
Introducing Binance Pool: A New Way of Staking and Mining Bitcoin Using Your Binance Account
Binance Pool opens services today. Binance Pool is launching with a bitcoin mining solution plus a special offer of zero-fee starting rate for Bitcoin miners for the first month.
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Following the Increase in Ethereum Powered Ponzi Schemes, Nigeria Leads the Google Search Trends Data for the Word Ethereum in Africa.
According to the global most recent data from Google Trends Search for the word ‘Ethereum’, in 2020. Nigeria ranks third in the global ranking and first in Africa.
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Banking Crisis: Nigeria Banks Looking to Increase Earnings From Fintech Following the Increase in Debt Owed by Independent Oil Producing Firms.
Nigeria Banks is looking to increase earnings following the pressure on banks' earning due to the unpaid loans owed by independent oil producing firms.
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UEMOA Plans to Issue $1.4Billion Coronavirus Bond
According to reports, the members of the West African monetary union UEMOA have plans to raise 846 billion CFA francs ($1.40 billion).
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Crypto Friendly Economist, Prof Charles Soludo on How Nigeria and Africa Can Save the Economy During COVID-19
“We should think African but act locally and opportunistically to survive and prosper, and exploit the global opportunities offered by the crises.” — Dr. Charles Chukwuma Soludo
Paylot, African’s Focused Crypto Payment Gateway Service Provider Integrates BNB and BUSD for Merchants.
Paylot, African's Focused Crypto Payment Gateway Service Provider Integrates BNB and BUSD for Merchants.
Posted inNEWS
World Bank: Remittance to Nigeria and Other Low and Middle-income Countries to Drop by 19.7 Percent.
World Bank projects the remittances to Nigeria, Egypt, Senegal and other Low and Middle-income Countries (LMICs) to drop sharply by 19.7% to $445 billion in 2020.
Posted inNEWS
Federal Government of Nigeria Begins Disbursement of Stimulus Package Using Banks, But Crypto not Welcome.
Following the plans by the government to distribute stimulus package to support businesses, the sharing of the first tranche of the Central Bank of Nigeria N50bn targeted credit facility have started.