DiutoCoinNews

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

Nigeria

NASD Nigeria to Deploy Digital Securities Market by Leveraging Blockstation Platform Following SEC Rulebook

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NASD OTC Securities Exchange is pleased to announce that it will soon launch a new Digital Securities Platform (N-DSP) through its new Master Agreement with Blockstation and regional partner TK Tech Africa, following the recent publication of the Nigeria Securities…

Nigeria Stock Exchange (NGX) To Enable Blockchain-Based Trading Platform Next Year.

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Nigerian Stock Exchange has revealed plans to start a blockchain-enabled exchange platform next year to deepen trade and attract young investors to the market. The move follows the introduction of regulations to guide trade in digital assets by the Nigerian Securities and…

Nigeria To Develop the Official Platform For Commercialization of Intellectual Property Rights on Algorand

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Koibanx global blockchain company announced on Tuesday during Twitter Spaces session it co-hosted with Fred Estante that the federal government has entered a three-year exclusive IPR (intellectual property right) agreement with Developing Africa Group to launch a national wallet for…

Nigerian And Kenyan Politicians In Bitcoin Money Laundering Saga.

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The global law enforcement agency, Interpol is seeking to conclude a case in which three Nigerian nationals in connivance with Kenyan politicians are alleged to have used money laundering proceeds to buy bitcoins worth over $43 million, a report has…

Crypto Adoption Rate Grows In Nigeria With Over Third Of Nigerians; 35% Investing In Crypto/ Bitcoin: The Crypto Verse Report Shows .

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A report; The Cryptoverse conducted by KuCoin shows that shows 35% of the adult population aged 18-60 in Nigeria are vested in bitcoin or other cryptocurrencies, the multiple survey reveals. The investor population is largely made up of a youthful…

Nigerians Diversify Traditional Assets into Cryptocurrencies To Counter Rising Fiat Inflation, Says Report

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Nigerians Diversify Traditional Assets into Cryptocurrencies To Counter Rising Fiat Inflation, Says Report Latest research reveals a staggering growth in crypto adoption across Nigeria, pivoted by limited access to affordable fiat-based financial services in Africa.  KuCoin’s “Into the Cryptoverse Report”…

Mobile Money: CBN Grants MTN MoMo Payment Service Bank License

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The apex bank have finally granted MTN’s MoMo PSB license to operate through a communicated receipt of the approval in principle from the Central Bank of Nigeria (CBN) for Momo Payment Service Bank Limited (Momo PSB). MTN Nigeria Communications Plc (MTN…

NIN-SIM Deadline: 72 Million Active Nigerian Mobile Phone Subscribers Barred From Making Phone Calls. 

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NIN-SIM Deadline: 72 Million Active Nigerian Mobile Phone Subscribers Barred From Making Phone Calls.  Over 72 million active mobile phone subscribers have been barred from making calls on their SIMs, after a directive from the Federal Government to telecommunication companies….

Number of Bitcoin Savvy Youths to Increase With Increasing Number of Smartphones Users In Nigeria

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Bitcoin smartphone users in Nigeria are steadily growing. Share of respondents who indicated they either owned or used cryptocurrencies in 56 countries worldwide from 2019 to 2021 according to Statista had Nigeria covering 42% of the respondents. Only 10 to…

Analysts Predict Naira to Drop to Over N600/$1 at Parallel Market By End of 2022

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The analysts see significant depreciation across major foreign exchange windows with the official interbank window, the Investor and Exporters (I&E) window FX rate at N482/$1 before end of 2022. This development would also be replayed in the parallel market where…