British watchdog says cryptocurrency scams on the rise

Crsyptocurrency Scams

Cryptocurrency scams are using images of celebrities and upmarket London addresses to hoodwink consumers into parting with cash, Britain’s Financial Conduct Authority has said. The warning, first made in June, was reposted on the FCA’s website on Friday. Cryptocurrencies such as bitcoin and ether are not regulated in Britain, and the FCA said it has […]

Cryptocurrency firm, Pantera Capital, seeks $175m for 3rd venture fund


Pantera Capital, which has pioneered investments in cryptocurrency assets, has set its goal for its third venture fund at $175 million, surpassing the $25 million raised for its second fund and the $13 million from its first one, according to TechCrunch. A new filing for a Pantera venture fund offering with the Securities and Exchange […]

Land Use Act, biggest threat to agricultural growth in Nigeria – AFEX boss


Ayodeji Balogun, the country manager for AFEX commodities exchange, Nigeria’s first private commodities exchange, has decried the policy inertia by government on the current Land Use Act, which he said is hampering the growth of the country’s agricultural sector. Balogun who said the lack of the right infrastructure to support farmers remains a big concern […]

FX market to remain stable in the aftermath of foreign investors’ exit

Forex Market, Naira, Nigeria equities market

The Nigerian foreign exchange market is projected to remain stable if foreign investors finally exit the market as has been projected on rising rates in the advanced economies, especially in the United States. Currency market analysts, who spoke to business a.m. said the foreign exchange market would be unshaken, particularly in the short to medium […]

Avoid ponzi schemes, SEC warns Nigerians


Nigerians have again been warned to desist from investing their money in investments that offer unreasonable levels of returns at little risk to investors. Mary Uduk, acting DG Securities and Exchange Commission (SEC), gave the warning Wednesday during a town hall meeting on current initiatives by the SEC Nigeria to enhance investor value held in […]

Afreximbank, Aenergy partner to develop climate finance strategy in Africa


The African Export-Import Bank (Afreximbank) has entered into partnership with Aenergy, a Hong Kong-based independent power and renewable electricity producers to develop sustainable low carbon and climate finance strategy to support projects and national initiatives across Africa. The cooperation signed on the sidelines of the Afreximbank annual meetings and 25th anniversary celebrations on Saturday, will […]

Singapore-based robo-advisor, Bambu, secures $3m ‘Series A’ funding to accelerate expansion


Bambu, a Singapore-based B2B robo-advisory solutions provider, has raised a $3-million Series A financing led by existing investor Franklin Templeton Investments, the company announced Wednesday, July 11. Singapore’s family office Octava, which focuses on real estate, financial technology and lifestyle investments, and Japanese fintech investor Mamoru Taniya also joined the round. The year 2018 has […]

Africa Investment Forum will help de-risk investment and catalyze private sector

Africa Investment Forum

The African Development Bank is working with leading global development finance institutions to set up a mutualized co-guarantee platform to de-risk investments and facilitate projects that have the capacity of transforming the continent under the Africa Investment Forum (AIF). Over the last decade, and despite impressive growth rates in most of the continent, Africa’s infrastructure […]

FDI inflows fall 80.38% in a decade to $981m in 2017 on prolonged security concerns, infrastructure deficit


The quantum of foreign direct investment (FDI) in the country has slowed 80.38 percent in a decade due to poor investment climate, prolonged security concerns, and growing infrastructure deficit, according to analysts at Financial Derivative Company (FDC). They indicated that in recentness years, Nigeria’s FDI has been struggling, reaching a mediocre $981 million in 2017, […]