Binance announced the addition of NGN FIAT/NGN pair to its peer-to-peer [P2P] platform in Nigeria. This will allow users to buy and sell their NGN fiat balance on Binance with …
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Mastercard plans to adopt cryptocurrency as a payment option
Mastercard says it will allow merchants to start accepting payments in cryptocurrency 2021. This move will position the payment giants as the first to integrate digital currency payment directly on …
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Banks and Regulators in South Africa are testing a new digital currency system
The Intergovernmental Fintech Working Group (IFWG) has announced the launch of Khokha 2’ project aimed at exploring the use of tokenized money, blockchains and digital currency in South Africa. This …
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Cryptocurrency market capitalization rises to $1.4 trillion and surpasses Google stock
For the first time in history, the cryptocurrency market overtook Google after the recent announcement of $1.5 billion Bitcoin investment from Tesla At the moment the total crypto market cap …
- Banking, Finance & InvestmentNewsSpotlight
Bitcoin Rises to $48000 after Tesla purchased $1.5 Billion of Bitcoin
The price of bitcoin rose to a new record of $48 000 on Tuesday after Tesla Inc. announced investing $1.5 billion of bitcoin. The price surged as much as 7.9 …
- Banking, Finance & InvestmentBusinessNewsNigeriaTrending Today
CBN says the ban on cryptocurrency transaction was a reiteration of its 2017 stance
The Central Bank of Nigeria has explained that the reason behind the recent prohibition of cryptocurrency transaction was a reiteration of its 2017 stance on cryptocurrencies. On the 5th of …
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PayPal reveals plans to expand its digital currency services
The Chief Executive Officer of PayPal Dan Schulman announced plans of their blockchain and digital currency service offerings during a quarterly earnings call on the 3rd of February. He disclosed …
- Banking, Finance & InvestmentNewsNigeriaSpotlight
Nigeria Central Bank Yields Increase Might Signal Naira Devaluation
An increase in the price of Nigeria’s short-term debt and a weaker naira rate to sell dollars to investors in a month signal that the CBN might devalue the currency …
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Central Bank of Nigeria prohibits banks from servicing crypto exchanges
The Central Bank of Nigeria has banned commercial banks and all licensed financial institutions from providing account services to crypto exchanges. This announcement was contained in a circular released by …
- Banking, Finance & InvestmentBusinessNewsNigeriaTrending Today
Nigeria recorded $5.1bn portfolio investments in the first nine months of 2020
According to figures revealed from the National Bureau of Statistics, it states that there was a significant investment of $4.3bn in the first quarter and a reduction of investment in …