Business

Facebook considers creating a cryptocurrency to be used for transactions between billions of its users, US media reported, citing anonymous sources privy to the matter. People in the know told the Cheddar financial news website that the US social media ...

From the tender age, we were confronted with myths about money and myths to be rich. Be it from our parents, brothers, sisters, relatives, or friends. The myths that people have determined our financial well-being during our adult lives. I ...

What is Currency Swap? Simply put, it is an agreement between two parties to swap their currencies without involving a third party and thus avoiding a risk of changes in third party currency. China’s central bank said Thursday that it has inked ...

WikiLeaks has accepted bitcoin donations to simply help support its platform and fund the legal costs of its founder, Julian Assange, who has spent almost six years in Equador’s London embassy. WikiLeaks is calling for an international blockade of one of the world’s ...

Cryptocurrencies have revolutionized the way people do transaction worldwide – but they’ve also facilitated some monumental scams within the last nine years. The success of Bitcoin and several altcoins jumpstarted an industry that’s incorporating Blockchain technology in several innovative ways. ...

Consumer prices in Africa’s largest economy Nigeria moderated for a 14th consecutive month in March, the National Bureau of Statistics (NBS) reported on Thursday. The Consumer Price Index, which measures inflation rate improved to 13.34 percent in the month of ...

1958 ( Elizabeth II) Government conceptualised the steel industry. Foreign consultants advised that it was better to import steel than to construct and run a steel plant. (**1st Sabotage recorded 🙂 ) 1970 ( General Yakubu Gowon, 29 July 1975 {deposed.}) Messrs ...

Chinese tech giant Bitmain announced that they’re releasing an Ethash ASIC miner, in accordance with a tweet April 3. In the tweet, Bitmain says that the Antminer E3 would be the “world’s most effective and efficient EtHash ASIC miner.” The ...

– The House of Representatives has passed a bill for the withdrawal of $1 billion (N360bn) from the excess crude account for the completion of the Ajaokuta steel mill project – The steel plant was also removed from the list ...

Nigerians have been warned by the Nigeria Deposit Insurance Corporation (NDIC) against the use of cryptocurrencies because the Central Bank of Nigeria (CBN) does not recognize them as legitimate currency, local news outlet Business Post Nigeria reported yesterday, March 23. Business Post Nigeria notes that ...