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CBN Quarterly Economic Report: Currency-in-circulation (CIC) Increases by 9.9 Percent to N2.2 Trillion.

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According to the quarterly economic report released by Central Bank of Nigeria (CBN) on Monday, the total fiat money currency-in-circulation (CIC) has risen by 9.9 percent to N2.2 Trillion.  The economic report shows that the total deposits at the CBN…

Ecobank Fintech Launchs Pan-African Banking Sandbox Allowing Access to its API to Help Regulate and Develop Financial Solutions

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Ecobank Group has announced that it will pilot the launch of its Pan-African Banking Sandbox allowing partners and fintechs across 33 African countries to access its Application Programming Interface (API) to develop financial solutions. The announcement came on Monday, January…

The Google Launchs the First Google Developer Space in Africa Housing the Google Launchpad Accelerator in Africa. 

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The Google Launchs the First Google Developer Space in Africa Housing the Google Launchpad Accelerator in Africa.  The new Google Developer Space is located in Africa’s most active tech hub, Lagos, Nigeria. The hub is open to African developers, entrepreneurs,…

Binance Cryptocurrency Exchange Recently Lowers it’s Bitcoin and Ethereum Withdrawal Fees. 

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Binance Cryptocurrency Exchange Recently Lowers it’s Bitcoin and Ethereum Withdrawal Fees.  One of the world largest cryptocurrency exchange Binance has lowered it’s withdrawal fees for Bitcoin, Ethereum and Ethereum Based Token. In a bid to offer better service and bring…

Few Days After Integrating Paystack, Nigerian Crypto Exchange, Naijacrypto Adds Ripple (XRP) Market Allowing it’s Users To Buy Ripple With Naira. 

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One of the popular cryptocurrency exchanges in Naijacrypto recently introduced Ripple (XRP) market allowing its users to trade ripple on it’s platform.  The new service came few weeks after integrating paystack into it’s platform allowing Naijacrypto users to deposit and…

South African Cryptocurrency Exchange Luno Enables Instant Crypto to Bank Accounts Withdrawals for Standard Bank Account Holders. 

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South Africa’s exchange, Luno, announced that it has now enabled has automated and instant real-time withdrawals for its customers for crypto to bank accounts transactions with no additional fee charge. This new instant real-time withdrawal service from Luno is a…

The Bitcoin Kiosk Localbitcoins Reactivating Traders Accounts From Africa After Recently Clamping Down on African Countries

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We previously reported about the bitcoin kiosk, Localbitcoins Clamping Down on Cryptotraders Accounts From African Countries following regulatory tensions. After the news of Localbitcoins reportedly shutting down accounts of cryptocurrency traders from Nigeria, Ghana, Libya, Ethiopia, Botswana and Tunisia and…

The World Economic Forum (WEF) Releases a New Policymaker Toolkit and Framework for Central Bank Digital Currency (CBDC).

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The World Economic Forum (WEF) releases a 28 page policymaker toolkit and framework for new central bank digital currency (CBDC).  WEF also released a global governance consortium that will serve as a designing framework for the transnational governance of digital…

Weekly Review on Bitcoin News in Nigeria: World Largest Exchange Binance Donates 10 Million to Victims of Coronavirus.

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Binance Donates 10 Million Chinese Yaun to the Victims of Coronavirus:  Binance has donated 10 million in Chinese Yaun to support the victims of coronavirus in Wuhan, China. Cryptocurrency platforms are offering donations to help support the movement to stop…

Nedbank, the Second Bank in South Africa to Shut Down Crypto Related Bank Accounts in South Africa.

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Nedbank, one of the South Africa’s large financial institutions, has stopped allowing the opening of new cryptocurrency bank accounts. In an e-mailed response to ITWeb, the bank says: “Nedbank is in the process of assessing its position in respect of…