Bitcoin.com Exchange has announced the listing of Bitcoin Vault, a new security feature that is developed to secure digital assets of users in case of an unauthorized or erroneous transaction. …
Banking, Finance & Investment
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Elon Musk Mentions Dogecoin and its Price soared to 800 Percent
Dogecoin( DOGE), a digital coin originally founded as a joke has surged more than 800 per cent on Thursday to about $0.082 per coin, giving the meme-based cryptocurrency a market …
- Banking, Finance & InvestmentBusinessNewsSpotlight
Elon Musk’s Twitter Bio Update Prompted Bitcoin Price Surge to 15 Percent
The world richest man Elon Musk changed his Twitter bio to “Bitcoin”, just this one word caused the price of bitcoin to spike to a 10- day high of $38,020 …
- Banking, Finance & InvestmentBusinessNewsNigeriaSpotlight
Central Bank of Nigeria to Bar Exporters Withholding Proceeds From Bank Services
The Central Bank of Nigeria recently issued a new directive that any Nigerian exporters who refuse to repatriate its export proceeds will be barred from all banking services from January …
- Banking, Finance & InvestmentBusiness PoliciesNigeriaSpotlight
Nigerians pay one of the world’s highest ‘implicit tax rates’ AfDB President
The presidents of the African Development Bank on Thursday spoke extensively on how the government can use tax to improve its revenue without hampering business growth He stated that Nigeria …
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Access Bank selects Eight African Countries for Expansion
Access Bank Plc, Nigeria’s largest lending financial institution identifies 8 African countries for potential expansion as it takes advantage from a continental-wide free trade pact. Access Bank plans to extend …
Zimbabwean banks have shut down 17% of their branches as an escalation in the number of coronavirus infections spurs lenders to shut their doors for the time being and accelerate a digitisation drive. Of the 300 branches in …
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Only 23% of Central Banks Can Legally Issue Digital Currencies: IMF
Researchers at the International Monetary Fund (IMF) have reviewed the central bank regulations of 174 IMF members to respond to the concern of whether a digital currency is really money. …
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Zoom Video secures $1.75 billion in a new stock offering
Zoom Video Clip Communications Inc. is raising $1.75 billion with a stock offering, capitalising on sustaining need for the video-conferencing system throughout the pandemic. Zoom is offering around 5.15 million …
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Ken Njoroge calls it a day at Cellulant
Ken Njoroge, the co-founder of cellulant will not be the firm’s Chief Executive Officer by the end of this year In a statement, Njoroge said 2021 will be his last …