Nigeria Stock Trading Volume Increases by 20% Gaining 0.47% ASI
The All-Share Index (ASI) rose by 0.47%, gaining 456.12 points to reach 97,520.54 on October…
Posted inBlockchain Crypto NEWS Stablecoins
TRON Network revenue grows to $577M surpassing Bitcoin and Ethereum Networks
Driven by the network’s increasing stablecoin activity and efforts to tap into the growing memecoin…
More than 93% of the total Naira in circulation is not in the Nigerian banks.
According to the CBN, the total currency in circulation has reached N4.14 trillion, with N3.87…
Posted inEconomy NAIRA RATE NEWS
Naira Gains 2.77% at the Foreign Exchange Market, Weakening at the Parallel Market— DiutoX
In September 2024, the Naira showed some positive signs in the official market, but the…
The value of cashless transactions surges by 12% to N89.5T — NIBSS
After a slight dip in June, the rate of electronic transactions in Nigeria bounced back,…
The MENA Region Contributes 7.5% to Global Crypto Transaction Volume
Cryptocurrency is on the rise in the Middle East and North Africa (MENA), even though…
Central Bank of Ghana Cuts Interest Rate by 200 Base Points
From 29% to 27%, the Central Bank of Ghana has reduced its key interest rate…
Posted inBlockchain Cyber Security NEWS
$2.1B Lost to Cryptocurrency Hacks in 2024
The cryptocurrency space has long been vulnerable to hacks and scams, but in 2024, losses…
Posted inCrypto NEWS Stablecoins
Nigerian remote workers prefer to be paid in stablecoins
Nigeria has consistently ranked high in global cryptocurrency adoption. A recent Chainalysis report confirms that…
PBOC to Release $140B Stimulus Package into Circulation
The People's Bank of China, China's central bank, has introduced a stimulus package geared towards…
Posted inBlockchain Crypto NEWS Regulations
South Africa is the most friendly crypto country in Africa compared to Nigeria.
South Africa is positioning itself as the most friendly crypto country for digital assets, as…
Posted inBanking Blockchain NEWS
Nigeria Inter-Bank Settlement System, NIBSS to utilize blockchain for payments.
The Nigerian financial landscape is experiencing a significant shift as the Nigeria Inter-Bank Settlement System…
Posted inCrypto NEWS Regulations
Token2049: Binance CEO affirms commitment in ensuring the release of Gambaryan.
Following Binance's announcement that it is exploring various avenues to secure the release of its…
Posted inCyber Security Economy NEWS
CBN to Bring Back Cybersecurity Levy
As part of its guidelines for the 2024-2025 fiscal year, the CBN has restated that…
Nigeria’s $1.5B Target for Halal Economic Strategy
The Nigerian government is setting up a plan to position the country as a leader…
Nigerian CPI Report Indicates Gradual Decrease In Inflation
The Consumer Price Index (CPI) report published by the National Bureau of Statistics (NBS) highlights…
Posted inCrypto NEWS Stablecoins
The Issuer of USDC Stablecoin, Circle Moves HQ to New York Ahead of IPO
The company behind the world’s second-largest stablecoin, Circle Internet Financial, is moving its global headquarters…
SiBAN Leadership Crisis: Board of Trustees Expells Executives
SiBAN (Stakeholders in Blockchain Association of Nigeria), the group leading the advocacy for the adoption…
Posted inNEWS Regulations
US Diplomats Rally Behind Binance for the Release of Gambaryan
Some personnels, including the US Ambassador to Nigeria, have reportedly rallied behind Behind to request…
Posted inCrypto NEWS Stablecoins
Tether Reports $6.2B In Profit Surpassing BlackRock’s Profit
Tether, the largest issuer of stablecoins, has released a report highlighting its remarkable profit of…
Posted inCrypto NEWS Regulations
FATF Reports: Majority of African Countries Struggle with Crypto Regulations
The Financial Action Task Force (FATF) has released its fifth review on how effectively countries…
Posted inCrypto NEWS Regulations
South Africa to Tax Crypto Traders in the region
The South African Revenue Service (SARS) is updating its regulations and issuing tax notifications to…
Posted inCrypto NEWS Regulations
SEC Nigeria’s Crypto License Approval Targets Youth Involvement in Capital Markets
Following the approval-in-principle of provisional crypto license to Busha and Quidax, Nigerian Securities and Exchanges…
“Naira For Crude” will reduce the need for the US dollar.
The renowned Nigerian billionaire businessman Aliko Dangote praised the “Naira for Crude” initiative introduced by…
Posted inEconomy NEWS Regulations
Nigeria Proposes VAT Increase to 10%
The Presidential Committee on Fiscal Policy and Tax Reforms has recommended increasing the Value Added…