PricewaterhouseCoopers (PwC) has ranked the Central Bank of Nigeria’s (CBN) eNaira, and the Sand Dollar, issued by the Central Bank of the Bahama, as top retail central bank digital currency (CBDCs) projects globally. Retail CBDC projects are digital currencies designed for public use. PwC said this in its 2022 CBDC Global IndexContinue Reading
A report published in a business and financial publication, Commercial Times in Taiwan has warned that the new spate of epidemic prevention measures in China might have a big impact on the production and cost of laptop . According to the site, laptop, TV, and iPhone makers in Kunshan are going toContinue Reading
The Central Bank of Nigeria (CBN), will impose a penalty of N400 on deposit money banks (DMBs) for every mutilated N100 sent to the apex bank. The penalty took effect from April 1. The CBN, in a circular issued by the director of Currency Operations, Ahmed Umar, the apex bankContinue Reading
Elon Musk is now the biggest shareholder in Twitter, thanks to a recent stock purchase that raises his stake in the social media company to 9.2% at the time of disclosure. As per a Schedule 13G declaration filed before the U.S. Securities and Exchange Commission, Musk now owns 73,486,938 sharesContinue Reading
Pay television giant, Multichoice Nigeria Limited, has been restrained from increasing its tariffs and cost of products and services from April, by a Competition and Consumer Protection (CCP) tribunal sitting in Abuja. This is coming 8 days after Multichoice Nigeria, owners of DStv and GOtv increased subscription fees for itsContinue Reading
The United States’ entanglements with cryptocurrency run the gamut. From generic consumer involvement (did you know you can buy movie tickets with Bitcoin?) to pipeline-crippling ransoms, cryptocurrency is cropping up everywhere. And yet, it is largely unregulated and unsupervised. Based on U.S. President Joe Biden’s new executive order, that’s about to change.Continue Reading
Crypticurrencies prices fell on Tuesday as geopolitical tensions over Ukraine roiled global markets. Bitcoin was last down about 0.5% at $38,011.54. The cryptocurrency sank as low as $36,370 in early morning trade, its lowest level in more than two weeks. Cryptocurrencies across the market also pared back steeper losses from earlierContinue Reading
In what appears as a move to avert a diplomatic row, the United Arab Emirates (UAE) yesterday conceded seven slots to Air Peace. It has also granted the Nigerian carrier the permit to fly directly to Dubai instead of Sharjah Airport, a source said. But, the government said it was unawareContinue Reading
MTN and Mafab Communications Limited have won the bid for the 5G spectrum auctioned by the Nigerian government Monday. The Nigerian Communications Commission conducted the auction at the Transcorp Hotel in Abuja for the available two slots for the 3.5 GHz spectrum. MTN Nigeria, Mafab Communications Ltd, and Airtel Networks Ltd participatedContinue Reading
Equinix agreed to acquire MainOne, a leading West African data center, and connectivity solutions provider, with a presence in Nigeria, Ghana, and Côte d’Ivoire, for $320 million. MainOne’s assets include: Three operational data centers, with an additional facility under construction expected to open in Q1 2022. These facilities will addContinue Reading