The Central Bank of Nigeria (CBN), has formally announced global Fintech Company, Bitt Inc., as the Technical Partner for its digital currency, eNaira, which is billed for unveiling October 1, this year. The bank’s Director, Corporate Communications, Osita Nwanisobi, made this known in a statement on Monday in Lagos, butContinue Reading
The detailed presentation sent to Nigerian banks on the e-Naira project mentioned that it will have a transaction limit for customers, non-interest-bearing CBDC status, and an account value limit. There are three levels to the CBN “Speed wallet” issued primarily to meet the October 1st deadline. As a means toContinue Reading
Bitcoin hit $50,000 on Sunday to reach a more than 3-month high, as the cryptocurrency continues to rebound. The digital coin rose above that level around 10:40 p.m. ET on Sunday, according to data from CoinDesk. It was trading at around $50,095 at 2:45 a.m. ET on Monday. Bitcoin hit anContinue Reading
Following on from news of merger talks last month, NortonLifeLock has confirmed that it is buying Avast in a deal that values the Czech-based and London stock exchange listed firm at up to $8.6bn (£6.2bn). In a joint statement the companies say that the combined business will serve more than 500 million cybersecurity customers,Continue Reading
A federal high court presided by Justice Stephen Pam in Port Harcourt, on Monday gave a directive, stating that the law doesn’t back FIRS authority above state governments. The Federal Inland Revenue Service (FIRS) has been ordered to stop demanding and collecting value-added tax (VAT) and personal income tax (PIT) across Nigeria.Continue Reading
The Nigerian Communications Commission has launched an annual operating regulatory levy to ensure that all licensees are properly assessed towards regulatory expectations and standards. This was disclosed by Prof. Umar Danbatta, Executive Vice-Chairman of the Nigerian Communications Commission, at the Public Inquiry on two regulatory instruments draft held on Thursday in Abuja,Continue Reading
If you’re looking for a place to gather inspiration and ideas, Pinterest is actually a pretty good place to go. If you wanted to, you could even gain a following by curating cool ideas for people, but unfortunately, making a money off Pinterest isn’t exactly straightforward, at least until nowContinue Reading
The Central Bank of Nigeria has said that it will launch its digital currency pilot scheme on October 1st, 2021. According to Nairametrics, the CBN with its stakeholders outlined its digital currency initiative via a private webinar held on Thursday. Recently, during the 306th Banker’s Committee meeting, the CBN Governor, GodwinContinue Reading
The resurge of the COVID-19 pandemic has accelerated the transition away from desktop PCs and workstations and has established laptops as the dominant format in businesses and enterprises. Falling prices, a clear focus from component vendors on thin-and-light laptops and a drive to decrease power consumption, means that there’s barely any difference, price-wise, betweenContinue Reading
I don’t want to make any strong pronouncement about Dogecoin (CCC:DOGE-USD) being dead. Usually, such declarations have a way of haunting those who make them. Plus, this is the cryptocurrency world we’re talking about. Anything can happen. Having said that, DOGE is falling hard and its downward trek represents a harbinger forContinue Reading
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