Nigeria External Reserves hits $40.2B
The Central Bank of Nigeria (CBN) announced that the country’s external reserves have risen to…
Posted inBanking
Nigerian equities market on bullish run as market cap hits N29B
The Nigerian stock market continued its bullish trend for the third consecutive trading day with…
Posted inCrypto NEWS Regulations
Why charges against Gambaryan was dropped.
A lawyer representing Nigeria's Economic and Financial Crimes Commission (EFCC) announced on Wednesday morning at…
Posted inCrypto NEWS Regulations
Nigeria receives nearly $100,000 from unlicensed crypto service providers
The Nigerian government received nearly $100,000 (about NGN160M) from two cryptocurrency companies: Paparaxy Global Ventures…
Posted inCrypto NEWS Regulations
Nigeria plans widening the tax net to include cryptocurrency
While addressing the House of Representatives Committees regarding the recent tax bills introduced by President…
Inflation rate in Nigeria increases by 0.55% to 32.7% in a month
The National Bureau of Statistics (NBS) has published data showing higher transportation costs and food…
New tax bills mandate finance workers to have tax id to operate bank accounts.
The federal government has proposed a new law that will require individuals in banking, insurance,…
Posted inBlockchain NEWS Technology
Nigeria announces plans to develop an indigenous blockchain network named Nigerium
NITDA, National Information Technology Development Agency, has declared the intentions of the Nigerian government to…
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…
CBN to Launch eNaira Version 2.0 Focusing on Money Deposit Banks
Following the just-released document on Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for Fiscal…
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…
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 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…
Top Nigerian Banks with the Lowest Lending Rates
For the manufacturing industry to thrive effectively, they rely on aid from financial institutions. Loan…
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…
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 inCrypto Regulations
Binance Sets Conditions Before Registering Under the Nigeria SEC
With regards to the Securities Exchange Commission’s special framework program for onboarding Virtual Assets Service…
Nigerian CPI Report Indicates Gradual Decrease In Inflation
The Consumer Price Index (CPI) report published by the National Bureau of Statistics (NBS) highlights…