The Federal Ministry of Art, Culture, and Creative Economy (FMACCE) was carved out of the old Federal Ministry of Information and Culture, following the decision of President Bola Tinubu to create more federal ministries. Who is the Minister of the Ministry of Art, Culture, and Creative Economy? On August 21, 2023, Hannatu Musa Musawa was announced as the … Read more
Key Summary Eligibility for Foreigners Registering a Business in the US Who Can Register Virtually any foreign individual or entity can register a business in the United States. There are no citizenship or residency requirements for starting and owning a business in the US. This openness means that entrepreneurs, investors, and companies based outside of … Read more
Section 713 of Nigeria’s Financial Regulations is very clear on this: Funds in government accounts cannot be transferred into personal accounts. The revelations about the financial transactions and dealings of the Ministry of Humanitarian Affairs and Poverty Alleviation in recent times indicate that billions of naira were deposited into private accounts of individuals within the … Read more
At the age of 33, Betta Edu was appointed Commissioner of Health in Cross River. However, her tenure in office was not without controversy. Despite facing challenges, she successfully rose to the position of a high political post. Timeline of her investigation: Following the political party switch by her principal, Prof Ben Ayade, from the … Read more
The buzz around the proposed new cNGN stablecoin by the Africa Stablecoin Consortium (ASC), comprising four banks and five other blockchain stakeholders, is phenomenal. Unlike eNaira, which is a Central Bank Digital Currency (CBDC) owned and managed by the Central Bank of Nigeria (CBN) with various limitations and restrictions due to its design, cNGN, the … Read more
There were 17.91 million cryptocurrency traders in Indonesia in contrast to the 11.54 million stock traders at the end of September 2023. The prediction that crypto traders would surpass stock traders in the country had been handed down since 2018 five years after it came to pass. Percentage of Indonesia That Are Crypto Traders The … Read more
Chris Maurice and Justin Poiroux ventured into cryptocurrency trading just to make a little money when both were undergraduates at Auburn University, Alabama. But what seemed like personal stuff grew bigger such that multi-million dollar companies took interest in what is today known as Yellow Card Financial – the owners of Yellow Card Crypto Exchange … Read more
Four Nigerian banks – Access, Providus, Sterling and First Bank – are collaborating with others to unveil cNGN token, a new stablecoin aiming to take decentralized finance to a new level. They are to operate under the name, “Africa Stablecoin Consortium (ASC)”. ASC is a consortium of Nigerian financial institutions, fintechs, and blockchain experts. The … Read more
After 34 months of its anti-cryptocurrency policy, Nigeria’s apex bank has lifted ban on cryptocurrency ban, saying all financial institutions can now support and facilitate crypto-related transactions. Its latest operational guidelines on Virtual Assets Service Providers (VASPs) to all banks and other financial institutions (OFIs) is a shift from its autocratic policy against crypto, even … Read more
Key Takeaways: What is Tether Gold (XAU₮)? Tether Gold (XAU₮) is a form of stablecoin backed by physical gold which provides you ownership on a 1:1 basis of one fine troy ounce of gold on a physical bar of gold. The power of blockchain technology gives you access to a stablecoin, which provides ownership of … Read more