Nigeria Launches Tech Funds Totalling $618 Million For Youth Investors.
Nigeria’s Vice President Yemi Osinbajo launched the $618 million fund under the Investment in Digital and Creative Enterprises (iDICE) in the federal capital Abuja, on Tuesday to support tech and creative sectors for young investors who struggle to raise capital…
Kenyans Put An Average of Sh 2000 in cryptocurrencies
Retail crypto traders in Kenya held cryptocurrencies worth an average of Sh2,076 ($16.08) each last year, ranking at the bottom of allocation to the alternative assets ahead of Nigeria. The 2023 digital global overview report by Meltwater, an online media…
Naira Scarcity : Nigerians Adopt Fintech Virtual Bank As Commercial Banks Apps, USSD Breakdown.
As the end of the Naira scarcity is nowhere in sight and following the breakdown of commercial banks mobile apps and USSD codes, Nigerians are switching to virtual fintech banks which provide swift transactions. Virtual banks like Opay Palmplay ,…
Nigeria Crypto Traders Lost Huge Sums As Impact Of USDC’s $3.3 Billion Trapped In The Collapsed Silicon Valley Bank Depegs the Stablecoin.
Stablecoin cryptocurrency firm Circle has $3.3 billion of its $40 billion of USD Coin deposit reserve at the collapsed lender Silicon Valley Bank, the company announced today. . The stablecoin company’s announcement comes after startup-focused SVB collapsed on Friday in…
Nigeria Crypto Arbitrage Trading Rises To 62% As Cash Crunch Worsens.
Crypto demand in Nigeria keeps rising due to its great economic instability, as well as the implications of government monetary policies and the introduction of a central bank digital currency. The Central Bank of Nigeria has been promoting a digital,…
Bitcoin, Ethereum Drops Amid Crypto Bank, Silvergate Collapse.
Bitcoin and other major cryptocurrencies dropped, sending Bitcy below $20,000 for the first time in nearly two months, following the latest budget from United States President Joe Biden and the collapse of “crypto-bank” Silvergate. The price of BTC dipped to…
Introduction to Ninja Game Guild
Game Guilds have been around for a very long time. Traditionally, they are communities of gamers who play video games together and have their own culture and members. Popular traditional gamers usually play mission games and Esports. They are famous…
Nigerian Startups Among 11 African Startups Selected For Pitch Round Of Africa Accelerator Programme.
A total of eleven startups have been selected for the next stage of the MultiChoice Africa Accelerator, gaining the chance to pitch to prospective investors in Dubai. The MultiChoice Africa Accelerator programme, the brainchild of the MultiChoice Group and part…
Nigeria In 5th Position Among Countries With High Interest In Crypto.
A new study from cryptocurrency betting experts cryptobetting.org showed that Nigerians have high interest in the asset class. The study also showed that Nigeria is the only African country in the top 20, with the next African country, Kenya, placing…
Central Bank Plans To Add More Telecom Network On eNaira Digital Currency Platform.
The Central Bank of Nigeria (CBN) has announced that it is working to include other telcos on the Central Bank Digital Currency (CBDC) eNaira platform to widen its adoption and acceptance nationwide. Currently, eNaira transactions are only enabled on MTN…