Bitcoin BTC Premium Price Hits 60% In Nigeria Due to Withdrawal Limit and The Gap Between Forex Rate At Trading Markets.
The price of Bitcoin BTC in Nigeria has skyrocketed to well above global market levels amid continued efforts by the central bank to push its citizens into digitized cash and forex trading gaps between the Central Bank of Nigeria official…
Nigerian and Ghana Central Banks Invites Tech Innovators To Participate In Their Respective Regulatory Sandbox.
Nigeria and Ghana central banks have invited financial innovators that wish to be included in their respective regulatory sandboxes to submit applications. The Bank of Ghana said its sandbox will also support innovations that attempt to solve the financial exclusion…
Crypto Market Rate Update Sunday, 29th January, 2023: Naira to USD (USDT).
Opening prices for Sunday, 29th January, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value…
Central Bank of Nigeria Ends Dollar Charges On Domestic Card Transactions.
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele on Thursday declared that going forward, dollar charges on all domestic cards and online transactions would not be permitted. Emefiele said all transactions on existing local bank cards…
Three Nigeria Tech Startups To Share $750,000 Support Grant.
Out of 11 innovative companies selected across Africa, three Nigerian tech startups have been selected to join stage 3 of the Africa Startup Initiative Program (ASIP) Accelerator Programme by Startupbootcamp Africa. The Nigerian startups include PharmaServ, Park well, and Jand2Gidi. …
Nigeria Inflation Reduced for The First In Near A Year To 21%.
Nigeria’s hyperinflation reduced for the first time in 11 months in December, raising the chance that the central bank will slow the pace of interest rate hikes ahead of presidential elections next month. The inflation rate fell to 21.3% from…
Nigeria Fintech Industry Now Worth N9 Billion: Expert Says.
Following the passage of the national startup Act in October 2022, the Co-founder and Chief Executive Officer, Piggy Vest, Ms. Odunayo Eweniyi, has disclosed that Nigeria’s fintech (digital) ecosystem is now worth about N9 billion in investment. Specifically, out of…
Central Bank Of Nigeria To Begin Execution Of National Domestic Card Scheme
The Central Bank of Nigeria says that it will start the implementation of the national domestic card scheme, which is scheduled to become operational today, January 16, 2023. A statement from the Director, Corporate Communications, CBN, Osita Nwanisobi, said Nigeria…
Nigeria Stablecoins And ICOs Legal Framework In The Pipeline.
Nigeria Central Bank has declared its readiness to accept the existence of private stablecoins as well and the necessity to create a legal framework for stablecoins is defined in the latest central bank strategy paper. Published under the headline “Nigeria…
Nigeria Emerges As Leading Fintech Hub Across Africa And Middle East.
The African Private Equity and Venture Capital Association (AVCA) noted in October that, within the first half of this year, African startups captured $3.5 billion in venture capital investment. The industry group further stated that the funding, raised by 300…