Opeyemi Quadri 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. He said it is unfair to use the parallel market rate … Read more
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. … Read more
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. The move is seen as an impressive step by Nigeria to be … Read more
The 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 … Read more
The only legitimate way to check if a company is registered in Nigeria is to run a check on CAC search portal, this portal is available to the public irrespective of location. How To Check CAC Portal If a Company is Registered It’s very important for you to first check if your prospective partner company is registered. … Read more
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 The company in an announcement on Thursday, November 19, 2020, hinted that DAiM will serve as the advisor and fiduciary in helping companies “create a 401(k) plan that … Read more
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”. Son stated this at the New York Times DealBook conference, where he confessed spending about five minutes each day watching Bitcoin prices fluctuate, Business … Read more
Ex-American rapper Sir Robert Bryson Hall II popularly known Logic has bought six million US dollars in bitcoin, becoming the latest star 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 … Read more
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. If you like, call … Read more
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). In a statement … Read more