Gold rallies as Bitcoin languishes around $56K

Gold rallies as Bitcoin languishes around $56K

Gold rallies as Bitcoin languishes around $56K     Bitcoin was trading sideways on Friday, even as gold rallied to three-month highs amid a renewed drop in U.S. real (inflation-adjusted) bond yields. The cryptocurrency was changing hands for $56,500 at 11:00 UTC, continuing a week-long consolidation in the range of $52,000 to $59,000, according to CoinDesk 20 data. Gold, a traditional store-of-value asset, rose to $1,820 per ounce, the highest level since Feb. 16. The move came a day after the U.S. 10-year real yield fell to a three-month low…

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Pantami tasks NITDA to reinforce IT projects clearance in public sector

Pantami tasks NITDA to reinforce IT projects clearance in public sector

Pantami tasks NITDA to reinforce IT projects clearance in public sector     The Minister of Communications and Digital Economy, Isa Pantami has tasked the National Information Technology Development Agency (NITDA) to reinforce clearance of Information Technology (IT) projects in the public sector. Pantami made the call during the 20th anniversary lecture and unveiling of NITDA Strategic Roadmap and Action Plan (SRAP 2021-2024) on Thursday in Abuja. He said that increased surveillance on IT projects of Ministries, Departments, and Agencies (MDAs) would go a long way in saving costs for the…

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G7 leaders ink agreement over global tech regulation

G7 leaders Global tech regulation

G7 leaders ink agreement over global tech regulation     Top leaders from G7 nations today signed an agreement over proposed new tech laws aimed at curbing the power of Big Tech and improving safety on online platforms. Politicians from the UK, Canada, France, Germany, Italy, Japan, the US and the EU signed a declaration outlining a series of shared principles on how to tighten tech rules. The joint declaration was signed at a virtual meeting hosted by digital secretary Oliver Dowden ahead of the G7 summit in June. “As…

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Gemini crypto exchange partners Mastercard to roll out crypto reward credit cards

Gemini crypto exchange partners Mastercard to roll out crypto reward credit cards

Gemini crypto exchange partners Mastercard to roll out crypto reward credit cards     Gemini, a cryptocurrency exchange has announced a partnership with Mastercard, a global payment merchant to roll out crypto rewards credit cards which they disclosed will be offered this summer. Gemini made the announcement in a blog post where it revealed that the partnership with Mastercard network will allow the credit card users earn up to 3 per cent back in bitcoin or other cryptocurrencies on the dollars spent. Since it was first introduced in early 2021,…

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Nigerians trade N1.5bn crypto volume on Paxful

Nigerians US multinational Sotheby accepts payment with cryptoN1.5bn crypto volume on Paxful

Nigerians trade N1.5bn crypto volume on Paxful     Paxful, a global peer-to-peer fintech, has said Nigeria is now its biggest market with a volume of $1.5 billion. It disclosed this on Tuesday in a statement, titled ‘Nigeria emerges as Paxful’s biggest market, hits $1.5 billion in volume with over 1.5 million users’. The Chief Executive Officer and Co-founder of Paxful, Ray Youssef, said, “Our mission at Paxful is to give everyone equal access to finance no matter who they are or where they are so they can control their…

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YouTube renews reading culture with first Africa Reading Challenge

YouTube Africa Reading Challenge

YouTube renews reading culture with first Africa Reading Challenge YouTube has launched its first YouTube Africa Reading Challenge, an online reading marathon featuring authors, influencers and key opinion leaders across Africa. In a bid to help popularise the work of African authors across the continent, the personalities will read extracts from The Secret Lives of Baba Segi’s Wives, a novel by the African-born Nigerian poet Lola Shoneyin. According to a press statement on Wednesday, the book is an entertaining, perceptive and enlightening portrayal of polygamy in modern-day Nigeria. It reveals…

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Nigeria shunned again as Amazon chooses South Africa for its Headquarters in Africa with promised ‘lots of jobs’

Amazon chooses South Africa for its Headquarters in Africa 

Amazon chooses South Africa for its Headquarters in Africa    Nigeria, Africa’s largest economy has again been ignored by another global tech giant, Amazon by building it’s headquarters for the continent in South Africa, Nigeria’s closest economic competitor. This is coming barely a week after Twitter revealed plans to build its African HQ in Ghana, a smaller West African country, a development that sparked outrage among Nigerians in the social media space. By building robust presence in Africa with its HQ in Cape Town, South Africa, Amazon will be serving…

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Unity Bank posts N43bn earnings; assets hit N492bn in 2020

Unity Bank posts N43bn earnings; assets hit N492bn in 2020

Unity Bank posts N43bn earnings; assets hit N492bn in 2020     Unity Bank Plc has disclosed that it netted N42.71 billion earnings in 2020  as its assets base grew to N492.02 billion at the close of financial year. Ebenezer Kolawole, executive director and chief financial officer of Unity Bank, while speaking during an investor call on Tuesday, said the asset growth represents a 67.9 percent increase from N293.05 billion of total assets value recorded in 2019. The bank also declared gross earnings of N42.71 billion during the period under…

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Controversy trails Twitter’s choice of Ghana over Nigeria for its African headquarters

Controversy trails Twitter’s choice of Ghana over Nigeria for its African headquarters

Controversy trails Twitter’s choice of Ghana over Nigeria for its African headquarters     In the quest to increase its participation in every part of the world, the popular microblogging social media platform, Twitter, announced plans to establish its Africa’s Headquarters in Ghana. This was confirmed by Twitter CEO, Jack Dorsey, where he tweeted the social media presence in Ghana, thanking the Ghanaian President and the Ghanaian for their support. Jack tweeted: “Twitter is now present on the continent. Thank you Ghana and @NAkufoAddo. #TwitterGhana. 🇬🇭 Twitter is now present…

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NAMA seeks urgent funding to guarantee safer airspace

NAMA seeks urgent funding to guarantee safer airspace

NAMA seeks urgent funding to guarantee safer airspace   The Nigerian Airspace Management Agency (NAMA) has called for urgent funding of the agency to guarantee better efficiency and procurement of critical air safety tools. This is coming amid disclosure by the Managing Director of NAMA, Capt. Folayele Akinkuotu, that the Agency’s facilities were being vandalised in Owerri, Imo State and Port-Harcourt, Rivers State, thereby negatively impacting on safety. Akinkuotu disclosed that the Federal Government had approved the installation of Category Three Instrument Landing System (ILS) in three airports across the…

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