Diutocoinnews

Bitcoin News in Nigeria

FINTECH

Opay Shuts Down ORide and Other Business Units to Focus on Fintech Services

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Opay has announced that it would be shutting down ORide and some of its business units (for now) to focus only on it’s financial technology services (PayCom)

CBN Releases Draft Framework for Regulatory Sandbox Operations on Emerging Technologies in the Payments Space.

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CBN has released a new Draft Framework for Regulatory Sandbox Operations focused on emerging technologies in the payments space.

Traditional Banks are Losing Customers to Digital Banks in Nigeria Following the New Stamp Duty Charge By FIRS

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Digital Banks in Nigeria had recorded a new dawn following the new “Stamp Duty” fee charge on every 10,000 Naira transfer by Traditional Banks.

ATM Transactions Drops By 50% With A Corresponding Increase In Fintech Apps Downloads

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The global ATM transactions had dropped by 50 percent since the outbreak of COVID-19.

Fintech Association of Nigeria Appoints New Board of Trustees

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The Fintech Association of Nigeria has appointed new board of Trustees in other to achieve its 3 year strategic plan for a better Fintech ecosystem in Nigeria.

CAFEi Nigeria Suggests Blockchain for Identity Management to Achieve Financial Inclusion.

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Consumer Awareness and Financial Enlightenment Initiative (CAFEi), suggests the use of blockchain to fix the identity management issue in Nigeria.

Nigerian Inflation Rate Continues to Increase on a Month-On-Month Basis in 2020.

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The Nigerian Inflation Rate Has Continued to Increase on a Month-On-Month Basis in 2020 says the National Bureau of Statistics.

SEC Nigeria Will Be Releasing New Guidelines For the Regulation of Digital Assets—Cryptocurrency.

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Fintech Association of Nigeria confirms that SEC Nigeria will be releasing new guidelines for the regulation of cryptocurrency.

Top 6 Predictions That Will Drive Innovations in Nigeria’s Tech Space in 2020

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Experts believe that these top 6 predictions can drive innovations in the Nigeria’s tech space, this 2020.

Africa VC Funding to Drop by 40 Percent in 2020, report says.

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A new report predicts Africa Venture Capital Funding to Drop by 40 Percent in 2020.