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


Snapshot On 14 African Economies During The Week.

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Nigeria According to the Organisation of Petroleum Exporting Countries (OPEC), Nigeria’s crude oil production plunged by 10.3% to 972,000bpd in Aug-2022 from 1,083,899bpd in Jul-2022. Thus, Angola and Libya overtook Nigeria in terms of producing higher volumes of crude oil…

Africa’s Biggest Gaming Social Community About To Launch, As Metaverse Magna Raises $3.2 Million .

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Metaverse Magna (MVM), a blockchain gaming platform, has raised a $3.2 million seed sale token round to expand its efforts to build Africa’s largest gaming DAO and provide gamers with access to world-class opportunities. The second venture to be publicly announced…

Google Funds 60 African Start-ups With Nigeria Topping The List With 23 Slots.

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Google Inc on earlier in the week, announced the selection of 60 eligible startups across Africa with $4 million dollars funding to enable them scale up their ongoing work; Nigeria start-ups leads with 23 slots. The programme, which is called…

Group Brings Africa On Metaverse For Web 3 Users.

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A group of metaverse builders are creating virtual environment with purpose for web 3 users in Africa, Costa Rica and Ukraine, to raise social awareness. Africa can be accessed virtually in Ubuntuland, a Metaverse platform that houses a land called…

African Development Bank In Partnership With Japan Launch $5 Billion Support For Africa’s Private Sectors

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On Monday, the government of Japan and the African Development Bank announced a $5 billion financial cooperation under the fifth phase of the Enhanced Private Sector Assistance for Africa initiative (EPSA) from 2023 to 2025 in Tunis Tunisia. The announcement…

Nigerians Own 75% Of Crypto In Africa: Research Shows.

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Research report from Triple A’s latest crypto ownership data, the African continent now has an estimated 53 million cryptocurrency owners. This constitutes about 16.5% of the estimated global total of 320 million. Out of all the crypto holders in Africa, Nigeria…

$50,000 Up For Grabs In Ecobank Africa Fintech Challenge.

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The banking group, Ecobank Group, has launched the fifth edition of the Ecobank Fintech Challenge and has encouraged African Fintech entrepreneurs to enter the competition. The challenge offers early stage and mature start-ups the potential to partner with Ecobank across 33…

A Common Africa Digital Currency: A Possibility For Economic Growth.

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Interests are growing on the need for a harmonized digital currency to boost transborder transactions and remittance among Africans. With the blockchain technology available for optimum creation of digital currency, time is ripe to have a common Africa Digital Currency,…

Africa The “Crypto Continent” Records 1200% Growth In Cryptocurrency Ecosystem.

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From June 2020 and June 2021, US$105.6 billion was sent to Africa in cryptocurrency payments, according to Chainalysis, this was a 1200% growth rate compared to the previous year. What makes it notable was that this was arguably the period…

Kenyans Has Largest Ratio Of Citizens Who Owns Crypto In Africa: United Nations.

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Recent data from the United Nations Conference on Trade and Development (UNCTAD) claims that Kenya has the highest proportion of crypto-owning inhabitants than any other African country. To counter the growing use of cryptocurrencies, UNCTAD said it recommends the imposition…

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