Central Bank Says Nigerians Are Free To Use Bitcoin

                                     

The Central Bank of Nigeria (CBN) said there was no time the bank banned the activities of Cryptocurrencies in the country. The Governor of the bank, Godwin Emefiele, disclosed this in Abuja at the 30th seminar for Finance Correspondents and Business Editors organised by the bank.

Emefiele, who was represented by Adamu Lamtek, Deputy Governor, Corporates Services, said what the bank did was to protect the banking sector from the activities of Cryptocurrencies and not a ban on its activities.

Shoprite Confirms Exit From Nigeria

                                     

Shoprite Group has announced its unaudited results for the 26 weeks to 27 December 2020 in which sale of merchandise increased by 4.7% to R83.4 billion while its trading profit increased by 18.3% to R4.7 billion. The Group confirms that the terms of sale have been concluded for the disposal of a 100% equity stake in its Retail Supermarkets Nigeria Ltd subsidiary. The transaction has been lodged with the Nigerian Federal Competition and Consumer Protection Commission (FCCPC) for approval.

Nigeria To Disconnect Niger & Benin Republic Electricity Over ₦2.60 Billion Debt

                                                 

 Nigeria may be forced to cut off power supply to the Republics of Niger and Benin over an outstanding N2.60 billion electricity debt. Details of the unpaid electricity debt owed by the two countries are contained in the Nigerian Electricity Regulatory Commission (NERC) second quarter 2020 report released yesterday in Abuja.

Elon Musk Buys $1.5 Billion In Bitcoin, Plans To Accept It As Payment

                                      

Elon Musk's car production firm, Tesla has bought about $1.5bn (£1.1bn) of cryptocurrency Bitcoin, causing the price of Bitcoin to jump 17% to $44,220, a record high.

Tesla also announced that the company will start accepting bitcoin as payment for it's products in the nearby future as the company was trying to maximise returns on cash that is not being used in day-to-day running of the company.

CBN Directs Banks To Shut Down Cryptocurrency Account

Today, Central Bank of Nigeria (CBN) circular sent to commercial banks and other financial institutions surfaced online. Cryptocurrencies have gained popularity since bitcoin, the most valuable crypto, rose significantly four years ago. The coin went from $900 in January 2017 to almost $20,000 by the end of that year. While cryptocurrencies are known for people making (or losing) money from trading, they have many use cases, including making cross-border payments, remittances or storing wealth (protected from inflation or exchange rate depreciation).

Micro-blogging Platform Parler CEO John Matze Has Been Sacked

                               

 The head of Parler, a social mediaplatform that was forced offline for allowing inflammatory posts about the Capitol Hill insurrection, was fired by the company's board, raising question as to when the right-wing social media platform will be up and running again. In a Wednesday post on LinkedIn, John Matze acknowledged he had been terminated and linked to a story that quoted from a memo he had sent to employees.

Bill Gates Buys Acres Of Land For Agric, He Is Now A Farmer

                                    

Bill Gates, the fourth richest person in the world and a self-described nerd who is known for his early programming skills rather than his love of the outdoors, has been quietly snatching up 242,000 acres of farmland across the U.S. — enough to make him the top private farmland owner in America.

20,000 Nigerian Youths To Be Empowered By A Software & Logistics Firm, NAIRAX

                                       

 With the ongoing unemployment and lack of job opportunities in Nigeria, an indigenous mobile transport and logistics "on-demand" Software company” called NAIRAXI has assured Nigerian youths of its commitments in areas of empowerment and job creation for over 20,000 youths and 5,000 driver-jobs in FCT, as it projects $2bn dollars annually to support the nation's economy.

How To Apply For N75 Billion Nigeria Youth Investment Fund 2020.

                                   

Hello guys, I want to quickly share with you, how to apply for Nigeria Youth Investment Fund 2020 online. The N75 Billion Nigeria Youth Investment Fund (NYIF) aims to financially empower Nigeria youth to generate at least 500,000 jobs between 2020 and 2023. The NIRSAL MFB window shall be funded with an initial take-off seed capital of N12.5 billion.

Carmaker AutoX Launches Driverless Robotaxi As China Bans TripAdvisor

                                           

The world has been inching toward fully autonomous cars for years. In China, one company just got even closer to making it a reality. On Thursday, AutoX, an Alibaba (BABA)-backed startup, announced it had rolled out fully driverless robotaxis on public roads in Shenzhen. The company said it had become the first player in China to do so, notching an important industry milestone.

Nigeria's Fintech Startup, Kuda Raises $10 Million In Seed Funding

                            

 Kuda gives you 25 free monthly bank transfers. You can send money to any bank in Nigeria. Join the Bank of the free today. Send and Receive Money. Zero Card Maintenance Fee. Free Withdrawal & Deposit. Services: Budget & Save, Withdraw and Transfer. Kuda, a startup out of Nigeria that operates a popular mobile-first challenger bank for consumers has announced that it has raised $10 million — the biggest seed round ever to be raised in Africa.

African Development Bank President Adesina Cleared Of Corruption

An independent panel of experts, headed by former Irish president Mary Robinson, has cleared the beleaguered leader of the African Bank of Development (AfDB) of corruption, according to a report obtained by AFP. Akinwumi Adesina, 60, a charismatic speaker known for his elegant suits and bow ties, became the first Nigerian to helm the AfDB in 2015.

I Register Business Name At Corporate Affairs Commission.

Hello guys, I am glad to inform you that I now register business name for business owners anywhere in Nigeria.  I am not only a website designer, I do other business and Business name registeration with Corporate Affairs Commission (CAC), is among the list.

Photos Of Endy Edeson With A Female Client At Ikeja Lagos

 Hi guys, I was at Ikeja on a field work with a female client, Ifeoma Chukwu. She is a business lady and she is setting up her company in Lagos. She decided to contact me to strategise on how to set up her business online.

Top 5 Highest Earning CEOs In Nigeria, Earn Up To N586 Million

The Chief Executive Officers (CEOs) of every company shoulder the responsibility of taking the organisations to their desired heights. They take the glory when they achieve success and also take the blame when things are not working as expected.

NNPC To Stop Managing Nigeria's Refineries. Private Firm To Manage It

The Nigerian National Petroleum Corporation (NNPC) will no longer be involved in the management of the nation’s refineries after their rehabilitation. Its Group Managing Director (GMD ) Mallam Mele Kyari, disclosed this in an interview on Arise TV breakfast programme, The Morning Show on Wednesday.

A New Nigerian Real Estate Listing Website www.HouseHunt.com.ng Has Been Launched

Find the latest property for sale or for rent across in Nigeria from trusted landlords and agents. Sell your property on  www.househunt.com.ng.   House Hunt Nigeria is a new online platform for buying, selling, and renting of properties and real estates in Nigeria. The need for this online platform is to help individual and real estate agency in getting the best possible way to access new listed properties and help resolve the homelessness within all the regions and be able to serve one of African biggest population. This is an easy platform where you can easily access residential

Halima, Dangote’s Daughter Takes Charge Of His Company’s Commercial Operations

Halima Aliko Dangote has been appointed as the Group Executive Director, Commercial Operations of Dangote Industries Limited, one of Africa’s largest and most diversified business conglomerates.

4 Nigerian Companies Begin Local Production Of Milk

Buharinomics could be defined as the economic ideas and policy initiatives of the current President of Nigeria Muhammad Buhari aim to transform Nigerian economy and provide conducive environment for the welfare improvement among Nigerians.

America Govt Sues German Car Company Volkswagen For Massive Fraud

Volkswagen is the largest car manufacturing company in the world. The US is suing Volkswagen, accusing the German carmaker of "massive fraud" over the diesel emissions scandal. The Securities and Exchange Commission (SEC) claims the firm misled investors