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FG introduces N50 levy on electronic money transfer of up to N10,000
The Finance Act 2020 recently signed into law by President Muhammadu Buhari, imposes N50 levy on electronic transfer of money deposited in any ...
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Bitcoin passes $40,000 for first time, doubles in value in less than a month
Bitcoin has surged to $40,000 for the first time, doubling in value in less than a month and pushing the total market value ...
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874 microfinance banks have operational licences – CBN
The Central Bank of Nigeria has said 874 microfinance banks now own licences to operate in the country. It listed the names of ...
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Alibaba, Tencent shares tumble on US ban fears
Shares in China’s two biggest companies Alibaba and Tencent tumbled in Hong Kong earlier in the week in response to the media reports ...
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PayPal, Coinbase Invest in Crypto Tax Automation Startup TaxBit
TaxBit, a firm providing cryptocurrency tax automation software, says it has secured investments from the venture arms of PayPal and Coinbase, as well ...
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Kenya Expects to Earn $46 Million as New Tax Targeting Crypto Exchanges Comes Into Force
The Kenya Revenue Authority (KRA) is expecting to earn up to 5 billion Kenyan shillings ($45.5 million) during the first half of 2020 ...
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Green Dot launches mobile bank
American based company, Green Dot has launched a mobile bank, called GO2bank, targeting the two in three Americans “living paycheck to paycheck”. Green ...
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Zugacoin becomes hot cake as United States Government direct Banks to accept Cryptocurrency
Africa’s first cryptocurrency, Zugacoin has risen high in demand as the United States Government direct Banks to start accepting Cryptocurrency. The U.S. Office ...
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The African Development Bank appoints Directors General and Deputy Directors General in regional offices
The African Development Bank Group has announced the appointment of Directors General for the East, Central and Southern Africa regions and Deputy Directors ...
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Kenya’s Safaricom to suspend Huawei 5G mobile network
Kenya’s largest telecom operator, Safaricom, announced earlier in the week that it will suspend deployment of its new Huawei-powered fifth-generation (5G) mobile network. ...