DiutoCoinNews

Bitcoin News Nigeria, Reporting on Fintech, Bitcoin, Ethereum, Blockchain and Cryptocurrency News in Nigeria

Economy

Nigeria Records 10.9% Growth In Broadband Internet Expansion.

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Latest data analysis from the Nigerian Communications Commissions (NCC), shows that Nigeria’s broadband subscriptions have recorded a steady increase since October ’21, albeit a slight dip in February ’22. Mobile broadband at over 99% accounts for a dominant share of…

Ghana Increases Benchmark Interest Rate To An All Time Record, As The President Promises To Fight Cedi Fall.

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Following the skyrocket inflation rate recorded by Ghana, the Bank of Ghana has devised measures to tame the tide by hiking the benchmark interest rate by 300 basis points. In addition to the rate hike, the central bank said it…

Loan Apps: Fed Govt Asks Flutterwave, Opay, Telecoms To Stop Providing Services To Online Lenders.

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Nigeria’s Federal Competition and Consumers Protection Commission, FCCPC, has directed payment systems operators, PSOs, such as Flutterwave, Opay, Paystack and Monify, as well as telecommunication companies, including Mobile Network Operators, MNOs, in Nigeria to stop providing support that enables the…

South Africa Reserve Bank (SARB) Ask Banks To Maintain Links With Crypto.

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The Prudential Authority of the South Africa apex regulatory bank, the Reserve Bank of South Africa sent out guidelines to its subsidiaries in an effort to prevent illicit activities, encouraging banks not to cut all ties with cryptocurrency.  It suggested that such…

Bank Of Ghana Increases Interest Rate By 22% Over Rising Inflation, Forex Crisis.

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Ghana Cedi is experiencing the worst performance in 17 years shedding further 2.7% in Monday. Ghana’s central bank on Wednesday delivered its biggest rate hike ever, a 300 basis point increase to 22% (GHCBIR=ECI), at an emergency meeting to address the…

Kenya Crypto Ecosystem Expects Favourable Policies From The New President Elect.

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The newly elected Kenya’s President William Ruto is belived to be in sync with the dreams of the crypto community in Kenya and is expected to bring policies that will hasten crypto adoption in the country and boost Fintech Start-up…

More Money For Nigerian Bank Customers ? CBN Increases Interest Rate On Savings Account Deposits.

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The Central Bank of Nigeria (CBN), earlier in the week has directed banks to increase the minimum interest rate payable on savings deposits from 10 percent to 30 percent of the monetary policy rate (MPR). This means that, bank customers operating local…

Nigeria External Reserve Falls Again , Loses $337 Million in 2 Weeks. Further Naira Depreciation Likely.

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Nigeria’s external reserves fell again by $337 million in the first two weeks of August, continuing its declining trend since the middle of last month. Data from the Central Bank of Nigeria showed that the external reserves fell to $38.882…

Nigeria Inflation Reaches 17 Year High, Nears 20% As Crypto Traders Go For Stablecoin USDT, BUSD.

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The National Bureau of Statistics has said Nigeria’s headline inflation rate increased to 19.64 per cent on a year-on-year basis in July, the highest since 2005, in the same vein crypto traders in Nigeria are saving in stablecoins to forestall…

Ghana Inflation Rises Further To 31.7 % All Time Record…, as Cedi Falls 30% Against Dollar.

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Ghana’s inflation rate rose higher in the month of July 2022 from 29.8% recorded in June to 31.7% in July , the nation’s currency Cedi falls 30% against dollar since the inflation hike, becoming second worst performing currency in the…


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