REPORT: Nigeria’s Crypto Economy Continues to Grow Despite Economic Turmoil
Nigeria remains the largest crypto economy in Africa despite the current economic situation in the country. But why are they so interested in this industry? ...
Nigeria Should Declare Naira and Kobo as West Africa’s Only Legal Tender
In a lawsuit filed by a Nigerian human rights activist, the country’s central bank is accused of failing to stop the dollarization of the economy. ...
Again! Chipper Cash Lays Off Staff, Halts Crypto-Related Services.
Chipper Cash, an African cross-border payments platform carried out a second round of staff layoff last Friday barely ten weeks after it cut approximately 12.5%...
South Africa’s Net Foreign Reserves Hits $54.844 Billion, As The Nation’s Currency Rand Appreciates Against Dollar.
South Africa's net foreign reserves rose to $54.844 billion in January from $53.827 billion in December, the Reserve Bank said on Tuesday. Gross reserves also...
Nigerian and Ghana Central Banks Invites Tech Innovators To Participate In Their Respective Regulatory Sandbox.
Nigeria and Ghana central banks have invited financial innovators that wish to be included in their respective regulatory sandboxes to submit applications. The Bank of...
Nigeria Inflation Reduced for The First In Near A Year To 21%.
Nigeria’s hyperinflation reduced for the first time in 11 months in December, raising the chance that the central bank will slow the pace of interest...
Nigeria To Convert It’s N20 Trillion Central Bank Loan Into Bond
The Nigerian government is to restructure its record N20 trillion debt to the central bank to bonds repayable in 40 years with interest rate of...
Crypto Classified As Financial Product, In South Africa’s Latest Adoption Move.
All Crypto assets henceforth will be identified as financial products in South Africa, to make it easier for regulators to monitor the market and help...
Ghana Cedi Falls Like Luna and Worst Performing Currency Against USD
The Ghanaian cedi incessant falls, has made it to become the worst performing currency in the world after it lost 45.1 percent of its value...
EU MiCA Laws Set To Checkmate Volatile Crypto Ecosystem and Protect Investors; A Call For African To Set Up Harmonized Regulatory Laws.
The European Union’s Markets in Crypto Assets Regulation (MiCA) a twenty seven (27) nation organization has resolved to offer a single, clear rulebook that would...