Money

On what could be tagged as the worst day of crypto this year, African-founded exchange, Quidax, raised over 7,772 BNB from the public sale of its token, QDX. The crypto market suffered its first major dip in 2021 on Thursday May 19, 2021 with Bitcoin dropping as low as $30,000 from highs of $64,000. In…

Dogecoin on Wednesday surged 20% as the cryptocurrency continued to benefit from speculative trading. The digital coin based on a Shiba Inu meme was trading at about 67 cents, up about 21% for the day. It broke above 50 cents per share for the first time on Tuesday. Thi surge comes ahead of Tesla CEO…

According to The World Bank in 2019, loans to the private sector by banks around the world accounted for 90% of global GDP, and interest rates on deposits in the world have not increased for almost 10 years.

Nigeria’s fully digital bank, V Bank, has upgraded its application in a bid to improve operational efficiency and offer new services to its customers. The new app, version 3.0, boasts of features that include cardless withdrawals, multiple funds transfers, recurring transactions, proximity payments, advance budgeting and intelligent airtime top-up. According to the financial institution, the…

Trading cryptocurrencies, including Bitcoin, do not only include the actual trading process. It is very important to have an efficient trading strategy. Professionals and beginners both rely on outside help when it comes to trading cryptocurrencies profitably. If you invest with an automated trading platform or a trading robot that performs trades automatically for you,…

The Securities and Exchange Commission (SEC) has announced plans to develop a comprehensive regulatory framework that would enable operators in the crypto...

The rising unemployment in Nigeria has pushed many career seekers into the country's crypto industry, just as job opportunities in the cryptocurrency market have continued to grow on a yearly basis as more investors pour into the market, bringing funds and new companies along. Nigeria accounts for one of the countries with the highest unemployment…

With the COVID-19 pandemic disrupting global economies, even the shape of foreign exchange trading has undergone serious transformations. Foreign exchange, or Forex, is the world’s largest financial market with currently around 2.4 quadrillion U.S. dollars in daily activity, where global currencies are traded by the second. Naturally, the Forex market depends on international trade between…

As issues continue to surround the recent order by the Central Bank of Nigeria to banks not to provide financial services to cryptocurrency businesses, ADAKU ONYENUCHEYA in this report take accounts of how some low-income Nigerians have had a life changing experience from trading in cryptocurrency within the past few years, despite its volatility Matthew…

Almost everybody knows that wealth creation is a marathon race, but still many practice sprints. While a marathon focuses on the long run, a sprint focuses on the short run. Financial magnets like Warren Buffet and Carlos Slim have reaped the benefits from long term investment planning & value investing, not sprinting.

The Naira has recently sunk to a four-year low against the US Dollar, as the country’s central bank has weakened the national currency for the third time in 2020. However, there are reports that it could rise again early in the next year.

Zugacoin capital base has been estimated at 47 Billion Dollars by CoinMarket Cap. Zugacoin traded above 48,000 Dollars while Bitcoin traded on the highest ever price of above 28,000 Dollars. The currency which is first of it's kind in Africa Specially created to help Nigetians and other Africans at large to tackle poverty in terms…