Business

Intel (NASDAQ: INTC) confirmed on Tuesday it is ending production of its processors used to mine Bitcoin, slightly higher than a year after launching them.“Once we prioritize our investments in IDM 2.0, we’ve end-of-life the Intel Blockscale 1000 Series ASIC ...

Key highlights Analysts advise that CBN needs to work with the non-cash vendors to take the demand for cash. Scarcity experienced was the failure of Banks not having cash but non-cash outlets(POS, online) failing due to excessive demand. FG urged ...

Bitcoin slightly dipped as Binance spot trading was suspended. Crypto exchange Binance suspended spot trading amid an issue on the world’s most-used trading platform for cryptocurrencies. “We are aware of an issue impacting spot trading on Binance,” Binance tweeted. “All ...

“Banks that served companies in the high-tech sector were at the center of the events. First of all, these are Silicon Valley Bank, Signature Bank, and Silvergate. Today, the problems accumulated by the States since 2008 are shooting up,” noted ...

Nigeria’s finance minister, Zainab Ahmed, said on Thursday that she disagreed with what she called a “surprise” downgrade of the country’s credit rating by Moody’s. She insisted that the government was already addressing the agency’s concerns. Last week, Moody’s downgraded ...

Russia may issue gold-backed stablecoins for international settlements, said Anatoly Aksakov, Chairman of the State Duma Committee on Financial Market, following his visit to Iran. “We discussed the issuance of stablecoins, digital financial assets, secured by certain values. For example, ...

Traders in Niger State have lamented the scarcity of the new naira notes, as some of them said they were also yet to be well sensitised to the new notes in circulation, especially those in the rural areas. This was ...

The Nigerian Security Printing and Minting (NSPM) Plc, the company responsible for producing Nigeria’s currency, has explained why the new Naira notes leave ink when rubbed on plain white. The company in a statement signed by the Managing Director, Ahmed ...

Recall that the Central Bank of Nigeria (CBN) imposed limits on weekly cash withdrawals from automatic teller machines (ATMs) by individuals and corporate entities in a bid to boost digital payments. In a circular, the bank said the highest amount ...

The House of Representatives has asked the Central Bank of Nigeria (CBN) to immediately suspend the planned implementation of its new policy on revised cash withdrawal limits for individuals and corporate organizations. The members of the lower house who appear ...