HRF Bitcoin Development Funds Shares $325,000 Grants To Africa Organizations, Others.
The Human Rights Foundation’s Bitcoin Development Fund has announced a new set of grants of $325,000 to go out across the globe to support builders in the industry. According to the announcement sent to Bitcoin Magazine, “Areas of focus include…
Internet Hackers Attack Nigerian Bank, Steal N523 Million.
Suspected internet fraudsters hacked into the server of an old generation bank and stole a whopping sum of N523,337,100,00 from a customer’s account. The Public Relations Officer (PPRO) of the Police Special Fraud Unit (PSFU) Ikoyi, Lagos, SP Eyitayo Johnson,…
Snapshot on Africa Economic Performance By The Beginning of Q4 2022; So Far .
Nigeria As of the first quarter of 2022, Nigeria’s public debt rose to N41.6 trillion from N39.56 trillion recorded at the end of December 2021, putting enormous pressure on debt servicing. According to the International Trade Center, between 2020 and…
Peter Obi Calls For End Of CBN Fixed Exchange Rate Regime, Promise To Boost Fintech Start-ups.
Popular Nigerian presidential election candidate of the country’s labour party, Peter Obi, said that the local currency’s exchange rate against the dollar must not be fixed but must be determined “by the forces of demand and supply.” Pointing to the…
Nigeria Crypto Owners Make Up 27% Of Internet Users In The Country.
Latest report from web research organization, Finder.com shows that 27% of Nigerian internet users own cryptocurrencies. According to the report, Men are much more likely to own crypto with 59 per cent of crypto holders being men and 41 per…
Nigeria Suspends Proposed Telecom Tax.
The Federal Government has suspended the proposed excise duty on telecommunication services, the suspension was announced by the Minister of Communications and Digital Economy, Isa Pantami, on Monday during the inaugural meeting of the Presidential Committee on Excise Duty for…
Nigeria In Talks With Binance To Establish Crypto Economic Zone.
Nigerian Export Processing Zone Authority authorities and global cryptocurrencies platform Binance are in talks to establish a digital economic zone that will help entrepreneurs fast track blockchain technology in the West African nation. The partnership aims to build a digital hub,…
Central Bank of Nigeria Grants Pan African Fintech: Flutterwave Nigeria’s Highest Payment Processing License.
Flutterwave, Pan African fintech company has been granted a Switching and Processing License by the Central Bank of Nigeria (CBN)— widely regarded as CBN’s most valuable payments processing license. This license allows Flutterwave to offer transaction switching and card processing…
Nigerians Own 75% Of Crypto In Africa: Research Shows.
Research report from Triple A’s latest crypto ownership data, the African continent now has an estimated 53 million cryptocurrency owners. This constitutes about 16.5% of the estimated global total of 320 million. Out of all the crypto holders in Africa, Nigeria…
Nigeria To Achieve 100% Crypto Adoption Rate By 2030.
Latest research data from Merchant Machine has predicted that by 2030, Nigeria will be at the forefront of global crypto adoption with a 100% adoption rate. The Merchant Machine study sampled data metrics from 50 countries in a bid to…