$24.5 Billion Grant For Nigeria Start-ups With Technology Fix For Power Shortage.
Are you a Nigerian startup that has a technology driven solution to provide electricity and end energy problem? Can you develop market-based technologies and business models that accelerate access to clean, modern and affordable energy in Africa, Asia and the…
Nigeria and Kenya Central Banks Condemns Crypto, Promotes Central Bank Digital Currencies.
Top Central Bank executives from Nigerian and Kenyan central said that cryptocurrencies are too volatile to become an acceptable payment method, insisting that cryptocurrencies pose a risk to financial stability. The bankers namely, Kingsley Obiora, the deputy governor of the…
Nigeria To Regulate Twitter, Facebook, WhatsApp, Instagram, Google, and TikTok.
Following the lifting of Twitter ban, the Nigerian government earlier in the week, announced what it called, “codes of practice” to regulate social media platforms through Nigeria Information Technology Development Agency (NITDA). According to NITDA, the draft was developed in…
Cost Of Money Transfer To Africa Is The Most Expensive, Remittance To Nigeria Drops: World Bank.
World Bank has revealed in it’s latest survey report on global remittance flow among different continents that Africa has the highest cost charge for funds transfer in sub Saharan Africa. Remittances to Sub-Saharan Africa declined by an estimated 12.5 percent in 2020…
Elon Musk’s Starlink Super-Speed Satellite Internet Receives License In Nigeria, Mozambique.
World richest man Elon Musk’s Starlink high speed internet has received license from Nigeria Communication Commissions to operate in Nigeria, Elon Musk shared the news in his tweet post on Friday. Nigeria and Mozambique are the first two countries in…
As Nigeria SEC Issues Crypto Regulations, US SEC Warns Crypto Investors.
The US Securities and Exchange Commission has warned the investing public about cryptocurrencies, stating that the digital asset class is not that decentralized. This criticism comes days after the Nigeria SEC decided to regulate digital assets. The US Securities and…
Youths Are Bedrock Of Crypto Adoption in Nigeria… IMF.
The International Monetary Fund IMF, in a recent report said crypto assets are more appealing to countries with younger populations. It added that countries with weaker economic fundamentals are likely to see a surge in crypto adoption since they (crypto)…
Protect Your Business As Report Claims 71% Of Nigeria Businesses Faced Cyber Attack In 2021.
International cybersecurity firm, Sophos, has revealed that 71 per cent of Nigerian businesses it surveyed were hit with ransomware in 2021, up from 22 per cent in 2020, the company disclosed this in its ‘State of Ransomware 2022’ report. The…
Nigeria Made $760 Million Crypto Transactions In 2021, Leads Africa
A report released by cryptocurrencyt rading platform, Paxful, has said Nigeria is the largest crypto-trading country in Africa with a trading volume worth over $760m in 2021. In a statement earlier in the week, the firm said that in the…
Crypto Investors Made $162.7 Billion Gains In 2021, South Africa Among Top 50 Gainers.
Overall, across all cryptocurrencies Chainalysis tracks, investors around the world showed total gains of $162.7 billion in 2021, compared to just $32.5 billion in 2020, USA tops the gainers list, while South Africa, the only African nation to make the…