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…
Posted inEconomy
SEC warns Nigerians against investing in Risevest and Stecs
The Securities and Exchange Commission (SEC) has warned Nigerians not to invest in two organizations:…
Markets React after Trump Calls on OPEC to Bring Down Oil Prices
Oil prices dropped slightly on Friday, reversing the week’s gains. This happened after U.S. President…
Former Prime Minister Pushes Crypto to Boost Thailand’s Economy
Former Thai Prime Minister Thaksin Shinawatra has called on the government to focus on cryptocurrency…
Middle East Gains as China, India Shift Focus from Russian Oil
China and India are seeking alternatives to Russian oil amid the new U.S. sanctions, turning…
Ethiopia to Open Stock Exchange after 50 Years
Ethiopia is preparing to reopen its stock exchange after it was shut down 50 years…
Posted inEconomy NEWS Opinion Technology
Nigeria’s Financial Inclusion Goals Threatened
Despite progress in financial inclusion, Nigeria faces a major setback as fraud cases surge with…
Binance Expands Crypto Access in Africa with Mobile Money Integration
Binance, by means of integrating mobile money services, is enhancing crypto accessibility in West and…
NGX Targets Gen Z and Millennials with Asset Tokenization
Speaking at the 2024 Investor Summit & Awards Dinner, NGX CEO Jude Chiemeka emphasized the…
Not All Crypto Firms Will Meet Registration Standards
The SEC Director-General, Dr. Emotimi Agama, has cautioned that some crypto companies applying for registration…
Posted inBitcoin Blockchain Economy Events NEWS Regulations
Bo Hines to head US crypto council
Donald Trump, the U.S. president-elect, has appointed Bo Hines, a former college football player, as…
Posted inBlockchain Crypto Economy NEWS Technology
Botswana Central Bank Flags Minimal Crypto Risks Urging Regulation
Botswana's central bank has identified minimal risks to the country’s financial stability from its undeveloped…
Posted inEconomy Exchange NAIRA RATE NEWS
Nigerian Stock Market Weekly Wrap (Dec 20, 2024)
The All-Share Index (ASI) surged by 1.76% to close at 101,129.09, breaking the 100,000 and…
Posted inBitcoin Blockchain Crypto Economy Events
Bitcoin Drops to $92,118 as Crypto Economy Shrinks by Nearly 12%
Bitcoin’s price fell sharply, dropping over 9% to $92,118 (at 6:30 a.m., 21st of December,…
Posted inBlockchain Crypto Economy NEWS Trends
Ethena Labs partners with Trump’s World Liberty Financial
Ethena, a decentralized finance (DeFi) protocol, has partnered with World Liberty Financial, a company backed…