Posted inEconomy Regulations
Nigeria Nears Exit from FATF Grey List with New Crypto Regulation
Nigeria is poised to exit the Financial Action Task Force (FATF) grey list following the…
Can BRICS Benefit from Trump’s Tariff Policies?
Donald Trump’s re-imposed tariffs, including a 10% baseline from April 9, have sparked fresh turbulence…
Posted inEconomy Press Release
Nigeria’s Public Debt Hits N144.67 Trillion: Key Highlights
Nigeria’s total public debt surged to N144.67 trillion ($94.23 billion) as of December 2024—a 48.58%…
Posted inAfrica Economy Regulations
Nigeria’s Crypto Revolution: ISA 2025 Brings Digital Assets Into Mainstream Finance
Nigeria has officially recognized cryptocurrencies as securities under the newly signed Investment and Securities Act…
Posted inEconomy Exchange NAIRA RATE
Naira Faces Pressure Amid FX Market Uncertainty and Dollar Strength
The naira remained volatile below N1,550/$ in the unofficial market despite growth in Nigeria’s FX…
Nigeria’s Bond Market Sees Lower Offers but Strong Investor Demand in Q1 2025
In Q1 2025, investors subscribed to N2.83 trillion in Federal Government bonds, down from N3.12…
Posted inBanking Blockchain Crypto Economy
Banks Must Adapt as Crypto Transactions Soar to $59 Billion
Cryptocurrency transactions have reached $59 billion in Nigeria, underscoring a financial shift that banks can…
Nigeria to Auction N300 Billion FGN Bonds to Fund Budget and Infrastructure
The Debt Management Office (DMO) has announced a N300 billion bond auction for March 24,…
Nigeria’s Inflation Rate Expected to Decline Further in 2025
Nigeria’s inflation rate is projected to decline further in 2025, driven by improved macroeconomic stability…
Nigeria’s Crypto Boom: $59B Despite Ban
Despite the CBN’s 2021 ban, Nigeria’s crypto market is thriving, with $59B in transactions (July…
Africa Pilots Currency Platform to Reduce Dollar Dependence
The Pan-African Payment and Settlement System (PAPSS), backed by 15 central banks, is piloting the…
Posted inEconomy Regulations
Nigeria’s Crypto Tax: A Solution or a Setback?
In February, Nigeria sued Binance for unpaid taxes and introduced crypto taxation to address economic…
Trump Signs Executive Order to Launch U.S. Bitcoin Reserve
President Donald Trump has signed an executive order to establish a U.S. Strategic Bitcoin Reserve,…
EBID and EIB Partner on €100M Climate Finance for ECOWAS
The ECOWAS Bank for Investment and Development (EBID) and the European Investment Bank (EIB) have…
Posted inEconomy Exchange NAIRA RATE
Naira Falls to N1,500/$1 Amid FX Scarcity
The Nigerian naira weakened to N1,500/$1 in the parallel market on Friday, down from N1,495/$1…
Posted inEconomy Events Regulations
EFCC: Cryptocurrency Used to Fund Illegal Arms Imports in Nigeria
The Economic and Financial Crimes Commission (EFCC) has raised alarms over the use of cryptocurrency…
Markets Crash: Crypto and Stocks Take Heavy Losses
Global markets are in turmoil as crypto and stocks plunge, with over $1.48 billion wiped…
Posted inBlockchain Crypto Economy Technology
Africa’s Crypto Expansion: Nigeria, Guinea, and OKX’s Bold Moves.
Africa is rapidly becoming a global hotspot for cryptocurrency adoption. This past week saw Nigeria…
Posted inBlockchain Crypto DeFi Economy
South Africa’s DeFi Market Set to Grow, but Regulatory Challenges Persist
The Financial Sector Conduct Authority (FSCA) predicts that South Africa’s DeFi (Decentralized Finance) market will…
Posted inBitcoin Blockchain Crypto Economy Events
Altvest Becomes First African Public Company to Hold Bitcoin in Treasury
South African investment firm Altvest Capital has made history as the first publicly listed company…
Posted inEconomy Exchange NAIRA RATE
Nigeria’s Non-Oil Revenue Soars in November 2024
Nigeria’s non-oil revenue surged to N1.90 trillion in November 2024, a 16.4% increase compared to…
Posted inEconomy Regulations
Nigeria’s Economy: Growth, Challenges, and Policy Updates
A recent report highlights mixed economic performance across Nigeria’s three key sectors—Industry, Services, and Agriculture.Industry…
Posted inBlockchain Crypto Economy Editor Regulations
Crypto Endorsement Gone Wrong
Argentine President Javier Milei sparked controversy by endorsing the cryptocurrency $LIBRA, claiming it would boost…
Posted inBlockchain Crypto Economy NEWS
Nigeria Approves cNGN Stablecoin
Nigeria has granted regulatory approval to the Compliant NGN stablecoin (cNGN), marking a significant step…
Inflation data causes CBN to postpone 1st MPC meeting
The Central Bank of Nigeria (CBN) has postponed its first Monetary Policy Committee (MPC) meeting…