“Record-breaking” NAFEX Exchange Rate Hits N632/$1, Black Market Depreciates Further The official Nigerian Autonomous Foreign Exchange Rate Fixing (NAFEX) window witnessed an astonishing exchange rate of N632/$1, reaching an all-time high for intra-day rates since its establishment in 2017. However, the official closing rate on Friday, May 26, 2023, settled at N464.51/$1, showing a slight […]
‘Blockchain-Powered’ Economy: Nigeria Approves National Policy
In a significant stride towards a digital economy, the Nigerian government has given its seal of approval to a comprehensive national blockchain policy. Crafted by the Federal Ministry of Communications and Digital Economy, this strategic move aims to propel the nation into an era of secure transactions, seamless data sharing, and efficient value exchange across […]
How Is Blockchain Changing the Automotive Industry?
In today’s fast-paced world, technological advancements continue to revolutionize various industries. One such innovation that has gained considerable attention is blockchain technology. With its decentralized and transparent nature, blockchain has the potential to transform the automotive industry. This article explores the impact of blockchain on the automotive sector and how it is driving positive change. […]
What Is Bitcoin
Bitcoin is a digital currency that was created in 2009 by an anonymous person or group using the name Satoshi Nakamoto. It is decentralized and operates on a peer-to-peer network, meaning that it is not controlled by any central authority or financial institution. Bitcoin transactions are verified by network nodes through cryptography and recorded […]