Posted inBlockchain Economy NEWS Technology
Morocco Turns to AI, Distributed Ledger Technology to Achieve the Digital 2030 Strategy Goal
Morocco finally unveiled its “Digital 2030” strategy on the 25th of September. The strategy was…
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…
CBN Raises Interest Rate by 50bps, Sparking Outcry from Student Loan Borrowers.
The Central Bank of Nigeria (CBN) raised its Monetary Policy Rate (MPR) by 50 basis…
Governance Concerns Trigger Sell-Off in Nigerian Bonds Despite Strong Yields
According to the Second-Quarter 2024 Report of the National Pension Commission (PenCom), Nigerian bonds faced…
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…
Posted inCrypto Economy NEWS Regulations
Understanding the US Fed Rate Cut and Its Effects on the Nigerian Naira and the Crypto Market.
Following the U.S. Federal Reserve’s monetary policy arm, the Federal Open Market Committee (FOMC) meeting…
Posted inEconomy NEWS Stablecoins
New Report: Nigeria and Others Top in CBDC Global Adoption
About 134 countries, constituting 98% of the representing 98% of global GDP, are currently exploring…
Nigerian CPI Report Indicates Gradual Decrease In Inflation
The Consumer Price Index (CPI) report published by the National Bureau of Statistics (NBS) highlights…
Posted inEconomy NAIRA RATE NEWS Stocks
Naira Rates: Nigeria Foreign Reserve Hits $36.87B Following the Sale of Domestic Dollar Bond
Nigeria’s foreign exchange (FX) reserves increased by $621.2M in 10 days following the recent sale…
ECOWAS Suspends Single Currency Plans Sighting Political Challenges
After years of planning and setbacks, the Economic Community of West African States (ECOWAS) has…
Nigerian Banks to Deduct N50 on Transfer Inflows Above N10,000
In compliance with the instructions of the Federal Inland Revenue Service (FIRS), fintech establishments have…
Bank of Uganda Cuts Interest Rate by 0.25%
For the very first time in history, the Bank of Uganda reduced its key rate,…
“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…
China’s Lending to Africa increased to $4.6B in 2023
Boston University’s Global Development Policy Centre released a research study on Thursday unveiling an increase…
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…
SEC Nigeria Selects 23 Fund Managers For the $10B Nigeria Global Investment Fund.
The Securities Exchange Commission (SEC) in Nigeria has now approved 23 fund managers for the…
Nigeria Government to introduce new cryptocurrency tax law by September
The Nigerian government has recently highlighted the intention to introduce a new cryptocurrency tax law…
CBN approves the merge of Unity Bank Plc with Providus Bank Limited
Unity Bank Plc notified the Nigerian Exchange Limited (NGX), shareholders, and other stakeholders that the…
Posted inEconomy NEWS Regulations
Zimbabwe seeks input from crypto firms on its virtual asset regulation guidelines.
Zimbabwe is looking to develop robust regulation guidelines for virtual assets and is looking for…
Posted inEconomy NAIRA RATE NEWS Trading Trends
BlackRock’s $400 million iShares ETF to exit Nigeria
BlackRock, the world’s largest Bitcoin ETF (IBIT Fund) asset manager, will close iShares Frontier, a…
Posted inEconomy Exchange NAIRA RATE NEWS Trends
Naira Rates: CBN Forms Task Force to Double the Remittance Inflows
The Central Bank of Nigeria (CBN) has formed a task force that will drive the…
Posted inEconomy Exchange NAIRA RATE NEWS Regulations
CBN Refutes Claims on a Circluar Claiming to Apprehend P2P Merchants in Nigeria.
In a recent tweet from the Central Bank of Nigeria, the country's top financial institution…
Posted inEconomy NEWS Regulations Trading Trends
CBN Deletes Tweet Debunking a Circular Claiming to Prohibit Banks From Facilitating Payment for Crypto Exchanges
The Central Bank of Nigeria has debunked a circular currently circulating about its institution prohibiting…
Posted inEconomy Regulations
Dovish Outlook from FOMC Drives The Cryptocurrency Market Back Up
Despite the prevailing optimism, worries persist about the possibility of another significant downturn as the…