Governor of Nigeria’s apex bank Godwin Emefiele has said that the parallel market is shallow and illegal, patronise by those who engage in illicit transactions and for “corruption purposes”
He stated this at the end of the last 2020 Monetary Policy Committee (MPC) meeting, in Abuja.
I watched the governor of the Central Bank of Nigeria (CBN) Godwin Emefiele speak on the activities of speculators on the foreign exchange on TV, he looked and sounded helpless.
I sympathise with him because some of the measures put in place by the apex bank are not producing the desired impact at stabilising forex. But I don’t pity him because his employers are pathetically part of the problem.
Nigeria’s plan to generate a whopping $10 Billion from blockchain by 2030 received a boost a few hours ago as the Ministry of Finance mandated the Security Exchange Commission (SEC) to come up with a framework for the adoption of cryptocurrency in Nigeria.
It’s a beautiful day among cryptocurrency enthusiasts as bitcoin for the time in three years broke the $19,000 resistance, which shows second-highest daily price ever.
In Nigeria, as BTC is trading $19,300/1BTC at the time of this report, that translates to N9,504,496 right now, an exchange rate of BTC to Naira on Nigeria’s major trading platform says.
Blockchain industry in Nigeria is growing astronomically and as usual, scammers are out there to exploit unsuspecting interested individuals who want to invest in cryptocurrency.
To curb the excesses of crypto scam and fraud in the blockchain space, the Stakeholders in Blockchain Technology Association of Nigeria (SiBAN) was birthed in 2018 with Paul Ezeafulukwe as its President.
Did you know that you can buy bitcoin with gift cards? In this post, we’ll show you how to exchange Gift Cards for cryptocurrencies and cash.
Most importantly, we’ve also included major platforms that let you exchange gift voucher for fiat currency (e.g Naira) if you’re Nigeria residents.
Any company can claim to be registered in Nigeria when a deal is worth several millions of Naira, in this post, we’ll show you the fastest way to check if a company is legally registered with CAC.
CAC is Corporate Affairs Commission, a government agency saddled with the responsibility of registering, arranging and conducting an investigation into the affairs of any company in Nigeria as stipulated under section 7 of the Companies and Allied Matters Act.
United States-based asset manager Digital Asset Investment Management (DAiM) has launched bitcoin retirement plans.
It is the first employer-sponsored retirement plans that support investments in Bitcoin in the U.S
A billionaire technology entrepreneur and CEO of Japanese conglomerate SoftBank Masayoshi Son says bitcoin is hard to understand, saying the most valuable digital asset is “distracting his own focus on his own business”.
An anonymous bitcoin investor has reportedly transferred over 18 million US Dollars in bitcoin just as the most valuable digital asset continues its impressive upward gains across major crypto exchange around the World.
Ex-American rapper Sir Robert Bryson Hall II popularly known Logic has bought six million US dollars in bitcoin, becoming the latest stars to dive into the world of the most valuable asset.
In a video posted on his Instagram verified account @NoJumper, Sir Robert Bryson Hall II, born January 22, 1990, bragged that he bought six million US dollars worth of bitcoin in October 2020.
Google will be integrating Plex into Google Pay in a new move to deepen financial technology and simplify payment right on the tech giant’s payment app like never before.
Plex is a mobile-first bank which the Vice President of Google Payments Caesar Sengupta said was created by one of the most trusted financial institutions.
One of the world biggest cryptocurrency exchange firms Gemini has chosen ClearBank to provide banking services for its customers in the United Kingdom.
The latest partnership with ClearBank means the exchange company will be consolidating on its access to U.K. payment rails, such as Faster Payments and the Clearing House Automated Payment System (CHAPS).
One of the largest cryptocurrency exchange Binance has sued Forbes for misleading article leading into “millions of dollars” in losses.
Filing the lawsuit in the state of New Jersey against Forbes Media and two of its journalists, Michael del Castillo and Jason Brett, Binance claimed that “Leaked ‘Tai Chi’ Document Reveals Binance’s Elaborate Scheme To Evade Bitcoin Regulators” published by Forbes on Oct. 29 was defamatory.
Millionaires across the World are looking for investment opportunities in cryptocurrency as bitcoin makes all-time high towards $18, 000 to 1BTC Thursday, November 19, 2020, the highest in the last three years.
In a couple of minutes, bitcoin may be hitting $18,000 to reach all-time high considering its growth in the last 24 hours, a price not seen since the decentralized currency’s all-time high in 2017.
Bitcoin price in Nigeria today is N8,568,905.99 on major trading platforms right now, could go higher or lower depending on some factors
The pressure on the Nigerian currency persists as Naira depreciated further Wednesday, hitting N478 against 1US Dollar.
It closed at N470/$1 at the parallel market on Friday, November 13 while it started the week on a more disappointing way, it sold for N475 against the US dollar which it maintained till the close trading on Tuesday, November 17.
The impressive comeback of bitcoin in the past eight weeks from $9,800 to over $16,000 in the last few hours suffered a temporary setback of $20,000 forecast for 2020
On major crypto trading platform, BTC quickly dropped below $16,000 Saturday morning November 14 to $15,750 (over N6 million in Nigeria) before taking another drive towards $16K.
Between November 11-November 13, 2020, the interventions of the Central Bank of Nigeria (CBN) seemed to be losing impact as Naira weakened against the US dollar.
It’s N470/1USD at the parallel market at the close of business on Friday, November 13, 2020, a data from abokifx.com revealed.
PayString may soon become Ripple’s new payment service considering the newest trademark application filed by the San Francisco-based blockchain firm.
The report revealed that Ripple registered PayString as a trademark at with the U.S. Patent and Trademark Office (USPTO) late last week.
