News Update
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Binance Forced to Adopts USDT Price Cap as FX Scarcity Worsens in Nigeria
Binance, one of the world’s leading cryptocurrency exchanges, has recently implemented a price cap on Tether (USDT) tokens in its…
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Ethiopia becomes first country in the world to ban petrol & diesel car imports
Ethiopia has made history by becoming the first country in the world to prohibit the import of petrol and diesel…
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Bitcoin Breaks $50,000: Crypto King Ascends Again, But Will the Crown Last?
The year is 2024, and Bitcoin, the cryptocurrency king, has just reclaimed its $50,000 throne. For the first time since…
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CBN stops foreign oil companies from remitting 100% of forex proceeds abroad
Naira Tightrope: CBN’s New Move Shakes Up Nigeria’s Oil Sector The Central Bank of Nigeria (CBN) has thrown a curveball…
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Nigeria’s crude production drops to 1.419mbpd, OPEC reveals
Nigeria’s Crude Oil Production Dips Slightly in January 2024 In January 2024, Nigeria experienced a marginal decline in crude oil…
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Only 11 Nigerian States Projected to Cover Worker Salaries in 2024
In the fiscal year 2024, only 11 out of Nigeria’s 36 states are projected to generate sufficient income to cover…
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Safaricom stops M-PESA transfers to unregistered users
In a recent development, Safaricom, Kenya’s leading telecommunications provider, has introduced a significant policy change impacting its widely used mobile…
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Top 5 crypto exchanges for Nigerians in 2024
In a groundbreaking move, the Central Bank of Nigeria (CBN) recently lifted the ban on transactions between banks and crypto…
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Botswana rejects Elon Musk’s Starlink satellite internet application
Starlink, Elon Musk’s ambitious low-orbit satellite service, has hit a roadblock in its quest to extend its reach to every…
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Airtel Africa losses 99% of its profits on the back of currency devaluation in Nigeria and Malawi
Airtel Africa, a prominent telecommunications firm operating in 14 African countries, has reported a staggering 99% decline in profits for…
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