CBN intervenes at the Retail Market with 280.04m US Dollars And 28.3m CNY

By Diutocoinnews

The Retail Secondary Market Intervention Sales (SMIS) received a boost of 280.04 million dollars and 28.3 million Chinese Yuan from the Central Bank of Nigeria (CBN) reports Guardian.ng The bank’s Director, Corporate Communications Department, Mr Isaac Okorafor, made this known in a statement in Abuja on Friday. “CBN also injected CNY 28.3 million in the…

EFCC Is Set To Investigate Paxful NG Over $60,000 Loss And Nigerians Account Deactivation.

By Ogbuowelu Uchechukwu

The Economic and Financial Crimes Commission of Nigeria —organisation incharge of tracking down fraudulent activities in the country is set to investigate Paxful NG. According a petition by United Global Resolve for Peace, a Non-Governmental Organisation. The accounts of many Nigerians trading on Paxful had been deactivated and the funds in it trapped. UGRP Executive…

10 Days To The BlockTech Women Conference To Be Held In Lagos Nigeria.

By Ogbuowelu Uchechukwu

The Blockchain and Cryptocurrency Industry in Nigeria is gaining more adoption and growth. Many cryptocurrency activities geared towards empowering more user base is at its pick in the region. Different organizations and groups, organise programs to help in a positive adoption of cryptocurrency. Blockchain African Ladies is a prominent non-profit organisation that helps in supporting…

Beware Of Fake Emails; Central Bank Of Nigeria Warns The Public.

By Diutocoinnews

The Deputy Governor Central Bank Of Nigeria Mr Lametek Adamu has called on the attention of the public regarding issues arising from fake email addresses sending out mail and requesting deals in the name of the Deputy Governor. According to the report issued by the nation’s bank through Mr Isaac Okorafor, Director Corporate Affairs. The…

ECOWAS To Launch A Unified Currency For The Region In 2020.

By Diutocoinnews

From the information gathered at the ECOWAS headquarters in Abuja. Every details for the launch of the unified currency for the region by the sub-regional body’s Macroeconomic Policy and Economic Research Department is being strengthened. Under the current arrangement, all monetary authorities in West Africa are to be unified by an economic convergence plan with…

NITDA To Releases New Regulations And Guildlines For The IT Sector Including Blockchain And Cloud Computing In Nigeria

By Diutocoinnews

The National Information Technology Development Agency, NITDA released five new regulatory instruments to ensure a well regulated and organized best practice for efficient development of Information Technology sector in Nigeria. The new guidelines includes: The Rule Making Process Regulation of NITDA; The Nigerian Data Protection Regulation; Guideline for It Clearance; Guidelines for Public Internet Access…

The State Of Cryptocurrency Regulations In African Countries And The World.

By Diutocoinnews

  REGULATED IN SOUTH AFRICA. South Africa, the second largest economy in Africa previously in 2015 released straight no statement on Cryptocurrency activities in the country. But as of Jan 2019, the Intergovernmental Fintech Working Group comprised of members from the Treasury and the South Africa Reserve Bank (SARB) released the country’s consultation papers on the regulatory…