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

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Month: January 2019

NITDA To Releases New Regulations And Guildlines For The IT Sector Including Blockchain And Cloud Computing In Nigeria

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The National Information Technology Development Agency, NITDA released five new regulatory instruments to ensure a well regulated and organized best practice for efficient development of Information Technology sector in Nigeria. The new guidelines includes: The Rule Making Process Regulation of…

The State Of Cryptocurrency Regulations In African Countries And The World.

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  REGULATED IN SOUTH AFRICA. South Africa, the second largest economy in Africa previously in 2015 released straight no statement on Cryptocurrency activities in the country. But as of Jan 2019, the Intergovernmental Fintech Working Group comprised of members from…

Can Blockchain Job Opportunities Save Nigeria’s Foreign Direct Investments Decline. From $3.5 billion — $2.2 billion.

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Nigeria’s Foreign Direct Investment (FDI) fell by 36 per cent to $ 2.2 billion in 2018 from $3.5 billion in 2017 as was disclosed by The United Nations Conference on Trade and Development (UNCTAD). The Continent has experienced an increase…

Italian Government Released An Amendment To The Blockchain Industry Regulations.

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The government of Italy on Jan 24th released an amendment to the Blockchain Industry Regulations. The amendment, known as the “Decreto semplificazioni,” was approved by the Senate committees of Constitutional Affairs and Public Works on Jan. 23. This is reportedly…

Monetary Policy Rate, Cash Reserve Ratio And Liquidity Ratio Retention Amidst Nigeria’s Staggering Economy.

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Malam Garba Kurfi, the Managing Director, APT Securities and Funds Ltd., said; the retention of the Monetary Policy Rate (MPR), the Cash Reserve Ratio (CRR) and the liquidity ratio were expected as a result of the rise in inflation rate….

Central Bank Of Nigeria Stipulates Fitness Standards For Fit And Unfit Banknotes Circulation.

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The Central Bank Of Nigeria has warned the nation’s banks against recirculation of unfit bank notes, saying that it would impose stringent penalties on any bank that goes against the stipulated standards. The CBN made this public in the Banknotes…

Telegram Set To Launch Her Open Network (TON) Early 2019.

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Telegram; one of the top 10 messaging apps worldwide plans to launch her Telegram Open Network (TON) early March 2019. As was gathered from Cointelegrah. The 200+ million users messaging app which had her ICO for the proposed launch of…

NAIRA Dollar Exchange Rate Depreciates To ₦362.42

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The NAIRA dollar exchange rate depreciated to ₦362.42 at the time of right following the DATA from FMDQ. FMDQ showed that the exchange rate for the window rose to N362.58 per dollar on Wednesday from N362.42 per dollar on Tuesday,…

Government Of South Africa Releases Her Cryptocurrency Regulatory Papers

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The South Africa Reserve Bank (SARB) has released her Cryptocurrency Regulatory Framework. The Regulations were stricter than expected. Previously it was Kenya, now South Africa. The Government made known to the public her regulations in other to foster Cryptocurrency Adoption…

Kenya: National Police Service To Migrate Personal Records To Digital Platform.

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The National Police Service is launching the digitizated process of the National Police Service  systems and procedures on Monday at an event to be presided over by Interior Cabinet Secretary Fred Matiang’i. Inspector General of police Joseph Boinnet said they…