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

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# Nigeria

Codefest: NITDA Holds Hackathons In Three States.

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The National Information Technology Development Agency (NITDA) under the supervision of the Ministry of Communications and Digital Economy through its subsidiary, the National Centre for Artificial Intelligence and Robotics (NCAIR) is to host 3 editions of the NITDA HACKATHON in…

Nigeria Lending Apps Trapping Users Into Huge Debts: Experts

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One of the most thriving and commonly developed fintech apps in Nigeria is the digital lending apps or personal loan apps, making it easier for Nigerians to access disposable income especially when broke and in need of urgent cash, but…

Fraudulent Crypto Transactions Were Lowest In Africa in 2021.

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An analyst at Quantum Economics Olumide Adesina said that the global rise of illicit transactions in crypto, were less in Africa, less than 10 per cent of the transactions were illegal, noting that Africa was the continent with the least…

Nigeria Internet Speed Set To Increase By 500% : Google.

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Google said that it’s $1 billion investment in Africa will also boost the internet speed in Nigeria by 500% through the laying of Equaino Sea cable, this the Google Sub Saharan Africa head noted will ensure affordability and access. The…

Titan Trust Bank Takes Over Union Bank Plc

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Titan Trust Bank Limited (TTB), one of the recently licensed financial service providers in Nigeria, has acquired Union Bank of Nigeria Plc. This followed an agreement by Union Global Partners Limited, Atlas Mara Limited and other majority shareholders to divest…

Alleged N22M Bitcoin Extortion By Officers; Nigerian Police Investigates

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The Nigerian Police Force has set up a Special Investigation Panel on the alleged extortion of N22 million worth of Bitcoin from some Nigerians by Deputy Superintendent of Police Cordelia Nwawe and others attached to FCID Alagbon Lagos. According to…

Nigerians To Pay 7.5% VAT on Facebook Ad.

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Recently, Facebook announced to it’s Nigerian users who wish to use it’s promotional services of introduction of new VAT charge of 7.5 %, a charge previous not included in promotional bill of Facebook Nigeria, set to commence on the first…

Crypto Attacks in Nigeria And Ethiopia Happens Through Variant Of Phorpiex Botnet: Research Shows.

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The cyber criminals behind attacks on crypto investors in Nigeria has been attributed to a new variant of called phorpiexbotnet, Check Point Research has discovered new attacks targeting cryptocurrency users in Ethiopia, Nigeria, India and 93 other countries using a…

Don’t Ban Crypto: Nigerian Minister.

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The minister of Budget and National in Nigerian has made call for regulation of cryptocurrencies instead of the CBN clamp down stating that a healthy crypto space is filled with opportunities for the country. The minister made the call as…

Good News For Nigeria Tech Community. Start-up Bill Is Ready; Pantami Says

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Nigeria’s Minister of Communication and Digital Economy, Prof Isa Pantami has disclosed that the much awaited Start-ups Bill that will protect Fintech/Start-up businesses in Nigeria is ready and awaiting Executive assent. This was disclosed by Minister, while delivering an address…