Nigeria Plans To Launch Digital Currency Before 2022
The earlier speculation that the Central Bank of Nigeria (CBN) will be launching a digital currency has now been confirmed by the apex bank itself. Read more about FinTech The Director, Information Technology Department, Central Bank of Nigeria (CBN), Mrs Rakiyat Mohammed, stated on June 10 that the CBN will be launching a Central Bank […]
Should Nigerian FinTechs Be Wary Of Regulators?
The first half of the year 2021 has been a regulatory nightmare for many FinTechs in Nigeria. On Friday, February 5, the CBN issued a circular that effectively banned local banks from processing transactions related to cryptocurrencies. Several crypto startups were affected. Read more about FinTech And in April, the Securities and Exchange Commission […]
What To Do When Cryptocurrency Prices Dip
As of the time of writing this, cryptocurrencies are recovering from a particularly bad price descent. The incident caused a fair bit of panic-selling among crypto holders. It has also caused many newbies in the digital coins market to wonder whether this whole endeavour is worth their adrenalin rushes and sleepless nights. Read more […]
Is Cryptocurrency Really The Future Of Finance?
Nigeria is home to an army of cryptocurrency enthusiasts. Their engagement with this digital asset is well-known; the country is consistently on the list of top markets for cryptos. Read more about FinTech You may recall that, in 2020, Nigeria was named the second biggest market on Paxful, a global cryptocurrency exchange platform, just […]
How To Mint Your First Crypto Art (NFT)
Cryptocurrency has become a hot topic in Nigeria since its ban by the Central Bank of Nigeria (CBN). However, an element of the blockchain technology powering cryptocurrencies has also been trending since January. Read more about FinTech This other branch of the uses of the blockchain is tagged as Non Fungible Tokens (NFTs) wherein […]
Social Media Influencer Of The Week: Danny Walter
Twitter is arguably the best social media channel for entertainment these days. This is due to the prompt manner in which users can follow interesting conversations from around the world. Users are able to contribute, comment, and report on global events almost in real-time. Read more about Social media influencers Twitter is also unique […]
Social Media Roundup: Spotify, Gumi, And Emefiele
It has been a week, guys yet the Twittersphere never stops for anybody or for any reason. So without much time spent on trivial matters, these are your social media trends: Read more about Social media roundup Spotify Spotify may have just formalized its relationship with Africa as it announced on Monday that it […]
5 Cryptocurrency Apps For Nigerians
Maybe you’ve heard about the soaring price of Bitcoins, and you’d like to reap from the frenzy around it. Or perhaps you’ve been around cryptos for a while, but you’re looking for an easier way to trade. If you’re in either of these categories, you could get some help from this article. Here we’ll […]
Top 5 Peer-to-Peer (P2P) Cryptocurrency Exchanges For Nigerians
Early in February 2021, the CBN announced that it had banned banks from processing cryptocurrency-related transactions. It had also asked them to shut down accounts belonging to individuals and organizations engaged in trading cryptos. Read more about FinTech In the wake of this, Nigerians have sought ways to carry on with trading digital currencies […]
How The Binance P2P Cryptocurrency Exchange Works
Early in February, the CBN directed all banks in Nigeria to stop processing cryptocurrency-related transactions and to close accounts belonging to individuals or institutions involved in buying and selling cryptos. At the time, most people affected were uncertain about whether they could carry on with trading digital currency. The CBN’s action had effectively severed […]
Social Media Roundup
So this week on social media and especially on Twitter this week. The Twittersphere always finds a way to talk because that is what is it was designed to do. So this week was no different. In fact, stuff from last week took a new twist this week. Here goes: Read more about Social […]
Bitcoin And Cryptocurrency Adoption In Nigeria
On February 5, the banking regulatory body, Central Bank of Nigeria (CBN), issued a memo to banks in Nigeria banning transactions in cryptocurrency. The announcement came as a shocker to individuals who have come to depend on trade in cryptocurrencies such as Bitcoin for meeting their daily transaction needs. Within hours, cryptocurrency exchange platforms […]
How The CBN’s Ban On Cryptocurrency Bank Accounts Will Affect You
On Friday, February 5, the CBN issued a circular directing all banks and non-bank financial institutions to shut down accounts belonging to people or platforms engaged in trading cryptocurrencies. The statement mandates these institutions to close these accounts immediately. It also warns that banks and other financial service providers could face stiff penalties if […]
5 Best Investment Options In Nigeria For 2021
What are the best investment options in Nigeria this year? You’re probably asking this question if you are looking for ways to grow your wealth in 2021. You know the candidates often tossed up by investment advisors. But you’re not sure if they are best for the peculiar times we’re in. Read more about […]
Ever heard Of LoadNG?
If you have been paying attention, you would probably have caught up that “crypto is bae” right now. Bitcoin surged up to $20k dollars in late December 2020. At the time of reporting, the number is closer to $45k. Astonishing? Yes. While Twitter has been going wild since Elon Musk made posts about different […]
Easiest Ways To Receive Money From Abroad In Nigeria Today
The Central Bank of Nigeria recently placed restrictions on Nigerians receiving money transferred from abroad in naira. We will now only be able to collect those funds in dollars. This new rule means that digital transfer services such as TransferWise and Sendwave cannot be used to remit money to Nigerians in this way. Read […]