DiutoCoinNews

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

Economy

Nigeria Presses For Central Bank Digital Currency eNaira Usage With The New Cash Withdrawal Limit.

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Recently the Central Bank of Nigeria placed new restrictions and limits on the amount of cash citizens are able to withdraw from ATMs, Bank counters and other related physical banking structures. The new decision experts believe will encourage the usage…

Beware Of TikTok Invisible Challenge, NCC Warns Nigeria Against Information Stealing Malware.

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The Nigerian Communication Commission’s Computer Security Incident Response Team (NCC-CSIRT) has warned that a new TikTok trend called the Invisible Challenge could expose devices to malware. The craze urges users to film themselves naked, then to use TikTok’s “Invisible Body”…

Nigeria Lawmakers Order Central Bank To Suspend The New Cash Withdrawal Limit Policy.

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The House of Representatives at Thursday plenary asked the Central Bank Governor, Mr. Godwin Emefiele to suspend implementation of the N100k withdrawal limit policy. Emefiele was invited to appear on Thursday next week to explain to the House the impact…

South Africa Digital Only Bank Introduces Crypto Payment Gateway.

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Recently, a South African digital-only bank (also known as a “neo bank”), Be Mobile Africa, has reportedly launched a crypto payment gateway that allows merchants to convert digital currency payments to fiat currency. Cédric Jeannot, the CEO of the digital-only…

Breaking: Central Bank Of Nigeria Restricts Cash Withdrawal To N100,000 Per Week.

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The Central Bank Of Nigeria today, announced new cash withdrawal limits for individuals and organizations, which takes effect from January 9, 2023. According to a new memo to banks issued on Tuesday and signed by the Director of Banking Supervision,…

Investment In Fintech Drops Amidst Global Economic Downturn: Expert.

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In the past couple of years, there’s been huge disproportionate interest from VCs in fintechs globally and Africa which has also led to a lot of start-ups coming up. So many incubation hubs bias their services towards fintechs because those…

Google Issues Urgent Alarm Warning To Gmail Account Users.

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Google recently sent out an urgent alarm warning to all users of its Gmail platform after a shocking number of scam messages were reported. The surge in scams began around last month’s Black Friday period and have continued ever since,…

AAX Crypto Exchange Nigeria Consolidates Angry Users From the Nigeria.

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While the Dec. 2 report by Legit does not state when the incident occurred, it nonetheless corroborates an earlier plea made by the advocacy group the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN).In its Nov. 28 public notice, SIBAN…

South Africa Begins Taxation On All Crypto Related Businesses.

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The South African government through the lawmakers has added persons operating crypto-related businesses on the list of accountable institutions in relation to the regulatory mandate. According to a Nov. 29 Government Notice, the addition of crypto businesses to this list…

Nigeria Finance Bill 2022 Set To Tax Cryptocurrencies.

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Nigeria through the office of the president on Thursday announced The Finance Bill 2022 which it reveals will bring all sectors of the economy into the tax net, including Capital Gains Tax from digital assets, Cable Undertakings, Lottery and Gaming…


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