Local Nigerians maintain interest in cryptocurrencies despite an ongoing crackdown on digital asset exchange platforms, with bitcoin and meme coins like DogeCoin dominating in various regions. According to an analysis…
Average consumer price inflation in Africa is estimated to have increased by 3 percentage points to 17 percent in 2023, from 14 percent in 2022, a new report by the…
Nigeria’s annual inflation rate surged to a 28-year high of 33.95% in May 2024, according to official data released recently. According to the National Bureau of Statistics (NBS), the inflation…
Nigeria’s Securities and Exchange Commission (SEC) has issued a warning to investors about $DAVIDO, a meme coin endorsed by Afrobeats star, Davido. About 2 weeks ago, Davido was accused of…
Tanzania has outlined a proposal to amend the Income Tax Act to enable the collection of taxes from the crypto trades in the country. This is according to a speech…
Last May [2023] in a paper titled ‘Pathways to the regulation of Crypto-Assets: A Global Approach,’ the World Economic Forum (WEF) pointed out the need for countries to harmonize their…
Bitcoin, introduced in 2009 by the pseudonymous Satoshi Nakamoto, is a decentralized digital currency operating on a peer-to-peer network. Using blockchain technology; a distributed ledger system, Bitcoin ensures transaction security…
Nigeria Federal Inland Revenue Service (FIRS) has withdrawn the tax evasion charges against Binance officials, Tigran Gambaryan and Nadeem Anjarwalla. Following this, Binance which allegedly had an untaxed turnover of…
The Central Bank of Nigeria (CBN) has lifted a recent suspension on OPay, Moniepoint, Kuda, Palmpay, and Paga, allowing these fintech companies to start onboarding new customers again. According to…
A new report analyzing global startup activity has ranked Lagos as the leadin cityg in Africa, and 70th in the world, placing it among the top 100 cities with vibrant…