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

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Month: February 2020

Patricia Technologies Launches its first Working Bitcoin ATM Card Called “Patricia Bitcoin ATM Card” Powered by Verve Cards.

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Patricia, a gift card market and online mobile recharge platform launches its Patricia Bitcoin ATM, which some stakeholders claim is the first working Bitcoin ATM Card in Nigeria and Africa.  Patricia makes it easier for old and new users to…

Nigeria is Not Ready to Issue Any Cryptocurrency Regulations in the Country Anytime Soon; Says Nigeria Deposit Insurance Corporation. 

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There are indications that financial regulators of Nigeria is not ready to regulate the cryptocurrency space anytime soon in the country. Dr. Ibrahim Alley of the Research Department of the Nigeria Deposit Insurance Corporation (NDIC) has confirmed this situation in…

Federal Government of Nigeria Donates N97.3 billion to Fund Young Innovators in Blockchain Technologies and Other Technologies.

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The federal government of Nigeria has released N97.3 billion to fund young innovators who are pssionate on developing great technologies for the digital economic growth of the country.  Moreso, the Central Bank of Nigeria (CBN) has released N90billion soft loan…

Zenith Bank to Collaborate With Fintech Payment Platforms to Drive Financial Digital Banking in Nigeria.

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Zenith Bank reportedly has started partnering with Fintech companies to drive payment solutions and other financial products to its customers says Ebenezer Onyeagwu, Chief Executive Officer of Zenith Bank Plc.  The new development was disclosed by Onyeagwu during a recent…

African Digital Venture Startups Founders Can Now Apply for the eFounders Fellowship Class 9 Organized by Alibaba Business School.

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Alibaba Business School announces a new call for the application of the eFounders Fellowship Class 9. It is open to founders/co-founders of digital ventures from Kenya, Uganda, Tanzania, Ethiopia, Rwanda, Botswana, South Africa. The eFounders Fellowship program is organized by…

Bitfxt Cryptocurrency Exchange Gets Extra 45 Billion Naira From a UK based Company Payitup Clearinghouse Ltd. 

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Bitfxt, a Nigerian cryptocurrency startup, said it has raised N5.45 billion from Payitup clearinghouse Ltd with an extra 45 billion naira for margin trading facility.  The blockchain startup Bitfxt announced this on it twitter handle. Payitup Clearinghouse is the parent…

Binance Nigeria Releases List of Binance Weekly Promo Winners of 55,000 naira and Beyond. 

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Following the binance weekly promo which began from 2020/02/19 at 10:00 AM to end on 2020/03/03.  Binance rewards crypto traders who deposits and trades on binance with up to 55,000 NGN every week.  A total of 30 Binancians will be…

A New Report by African Development Bank Lists Blockchain Technology Among the Top Six Key Technology For Africa.

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According to the latest 2020 report by the African Development Bank Group (AfDB). Blockchain Technology is the sixth among the other listed technologies expected to disrupt Africa.  The latest report shows the top six technologies by capital investment which is…

Diutocoinnews Weekly: Facebook the Libra Stablecoin Developer Welcomes New Member into Libra Association.

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Diutocoinnews Weekly: Facebook the Libra Stablecoin Developer Welcomes New Member into Libra Association. This week on cryptocurrency news update in Nigeria. Facebook pioneered Libra Cryptocurrency welcomes shopify into Libra Association. The Digital Commerce Platform Shopify Joins Facebook Libra Association. Shopify…

Eastern and Southern African Trade and Development Bank (TDB) Closes a $22 million Sugar Deal Utilizing Blockchain Smart Contract Technology.

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Eastern and Southern African Trade and Development Bank (TDB) Closes a $22 million Sugar Deal Using Smart Contract Blockchain Technology. Eastern and Southern African Trade and Development Bank (TDB) closes a $22 million sugar deal in its first live trade-finance…