Posted inEconomy NEWS Nigeria government begins Naira-for-crude sales with dangote refinery Posted by By Eze Chichetaram 07/10/2024Wale Edun, Minister of Finance, reveals that the government has officially started selling crude oil…
Posted inBanking Economy NEWS Zimbabwe’s Gold-Backed ZiG Faces Continued Decline Following Currency Devaluation Posted by By Eze Chichetaram 03/10/2024The Central Bank of Zimbabwe allowed their gold-backed currency, ZiG, to lose about 43% of…
Posted inBanking Economy NEWS Bank of Ghana Launches Gold Coin to Discourage Hoarding of Dollars Posted by By Eze Chichetaram 01/10/2024The Bank of Ghana has initiated and introduced a gold coin for the purpose of…
Posted inEconomy NEWS Nigeria’s $1.5B Target for Halal Economic Strategy Posted by By Akachukwu Chukwuma 19/09/2024The Nigerian government is setting up a plan to position the country as a leader…
Posted inPress Release Tether, TRON and TRM Labs Establish First-Ever Private Sector Financial Crime Unit to Combat Crypto Crime Posted by By Tony Chimdiuto 11/09/2024Tether, TRON and TRM Labs today announced they have joined forces to establish the T3…
Posted inEconomy Fintech NEWS Nigerian Banks to Deduct N50 on Transfer Inflows Above N10,000 Posted by By Eze Chichetaram 08/09/2024In compliance with the instructions of the Federal Inland Revenue Service (FIRS), fintech establishments have…
Posted inEconomy Fundraise China’s Lending to Africa increased to $4.6B in 2023 Posted by By Eze Chichetaram 05/09/2024Boston University’s Global Development Policy Centre released a research study on Thursday unveiling an increase…
Posted inEconomy NAIRA RATE NEWS Trading Trends BlackRock’s $400 million iShares ETF to exit Nigeria Posted by By Tony Chimdiuto 13/06/2024BlackRock, the world’s largest Bitcoin ETF (IBIT Fund) asset manager, will close iShares Frontier, a…
Posted inEconomy NEWS Regulations CBN debunks Alleged Plans to Convert $30 Billion Domiciliary Deposits into Naira. Posted by By Nsikanabasi Edet 05/02/2024The bank said the allegation is false and only aims to trigger panic in the…
Posted inEconomy NAIRA RATE Regulations Nigerian Bureau De Change Blames it’s shutdown on Crypto P2P Emergence Posted by By Nsikanabasi Edet 04/02/2024Although Nigerians involved in FX transaction prefer using crypto due to ease and speed, analysts…
Posted inEconomy NEWS Regulations REPORT: Nigeria’s Crypto Economy Continues to Grow Despite Economic Turmoil Posted by By Nsikanabasi Edet 25/10/2023Nigeria remains the largest crypto economy in Africa despite the current economic situation in the…
Posted inEconomy NEWS Nigeria Should Declare Naira and Kobo as West Africa’s Only Legal Tender Posted by By Tony Chimdiuto 31/08/2023In a lawsuit filed by a Nigerian human rights activist, the country’s central bank is…
Posted inEconomy Fintech NEWS Again! Chipper Cash Lays Off Staff, Halts Crypto-Related Services. Posted by By Ekenedilichukwu 20/02/2023Chipper Cash, an African cross-border payments platform carried out a second round of staff layoff…
Posted inEconomy NEWS Regulations South Africa’s Net Foreign Reserves Hits $54.844 Billion, As The Nation’s Currency Rand Appreciates Against Dollar. Posted by By Ekenedilichukwu 10/02/2023South Africa's net foreign reserves rose to $54.844 billion in January from $53.827 billion in…
Posted inEconomy Fintech NEWS Regulations Nigerian and Ghana Central Banks Invites Tech Innovators To Participate In Their Respective Regulatory Sandbox. Posted by By Ekenedilichukwu 30/01/2023Nigeria and Ghana central banks have invited financial innovators that wish to be included in…
Posted inEconomy NEWS Regulations Nigeria Inflation Reduced for The First In Near A Year To 21%. Posted by By Ekenedilichukwu 23/01/2023Nigeria’s hyperinflation reduced for the first time in 11 months in December, raising the chance…
Posted inEconomy Fintech Nigeria To Convert It’s N20 Trillion Central Bank Loan Into Bond Posted by By Ekenedilichukwu 21/10/2022The Nigerian government is to restructure its record N20 trillion debt to the central bank…
Posted inEconomy NEWS Regulations Crypto Classified As Financial Product, In South Africa’s Latest Adoption Move. Posted by By Ekenedilichukwu 19/10/2022All Crypto assets henceforth will be identified as financial products in South Africa, to make…
Posted inEconomy Fundraise NEWS Ghana Cedi Falls Like Luna and Worst Performing Currency Against USD Posted by By Ekenedilichukwu 18/10/2022The Ghanaian cedi incessant falls, has made it to become the worst performing currency in…
Posted inEconomy NEWS Regulations EU MiCA Laws Set To Checkmate Volatile Crypto Ecosystem and Protect Investors; A Call For African To Set Up Harmonized Regulatory Laws. Posted by By Ekenedilichukwu 09/10/2022The European Union’s Markets in Crypto Assets Regulation (MiCA) a twenty seven (27) nation organization…