The Central Bank of The Bahamas (CBOB) will move into an agreement with NZIA.io to develop the first national fiat digital currency on May 30 reports Nassau Guardian on May 29. The CBOB will move into an official agreement with the executives of NZIA.io. The agreement is aimed towards developing the first fiat digital currency…
Central Bank of Egypt (CBE) creates a new law banning the promotion or operation of platforms for issuing or trading encrypted currency or cryptocurrency without obtaining the needed legal licenses from authorities, reported Egypt Independent. The draft bills grants the CBE to issue guidelines governing the trading and dealing on encrypted currency and cryptocurrency according…
World Famous Tennis Player, Serena Jameka Williams revealed in an instagram post dated April,2019 that she had invested in over 30 companies worldwide since 2014. Serena Williams revealed she had invested in over 30 companies worldwide including coinbase through her business brand Serena Ventures . “I launched Serena Ventures with the mission of giving opportunities…
The Deputy Governor Central Bank Of Nigeria Mr Lametek Adamu has called on the attention of the public regarding issues arising from fake email addresses sending out mail and requesting deals in the name of the Deputy Governor. According to the report issued by the nation’s bank through Mr Isaac Okorafor, Director Corporate Affairs. The…
In a statement issued by the Head, Communication and Public Affairs of the NDIC, Mr Mohammed Ibrahim, on Friday in Abuja. The Minister of Finance, Mrs Zainab Ahmed, urged the Central Bank Of Nigeria (CBN) and Nigeria Deposit Insurance Corporation (NDIC) to apply due diligence and legal procedures in investigation and prosecution of directors that…
The Dollar To Naira Exchange Market For Investors And Exports Appreciates. Data from FMDQ showed that the naira to dollar exchange rate for the Investors And Exports window dropped to N361.72 per dollar yesterday from N362.58 per dollar on Friday resulting to 86 kobo appreciation of the naira. The appreciation been the result of 21…
From the information gathered at the ECOWAS headquarters in Abuja. Every details for the launch of the unified currency for the region by the sub-regional body’s Macroeconomic Policy and Economic Research Department is being strengthened. Under the current arrangement, all monetary authorities in West Africa are to be unified by an economic convergence plan with…
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 NITDA; The Nigerian Data Protection Regulation; Guideline for It Clearance; Guidelines for Public Internet Access…
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 the Treasury and the South Africa Reserve Bank (SARB) released the country’s consultation papers on the regulatory…
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 in the Foreign Direct Investments (FDI) with a 6.0 percent growth in 2018 as against…
