Patricia’s CEO also revealed that these shares will be managed by a Securities Exchange Commission (SEC)-licensed trusted third-party trustee to ensure complete transparency.
Category: Nigeria
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Nigerian gov supports AI initiatives with $289,980 in grants
The recently introduced Nigeria Artificial Intelligence Research Scheme is designed to facilitate the widespread utilization of Artificial Intelligence to drive economic advancement.
Central Bank of Nigeria: eNaira no threat to financial stability
Nigeria’s central bank issued a press release in response to “news items on some media platforms,” suggesting that the eNaira threatens Nigeria’s financial stability.
Blockchain could have prevented Nigeria’s naira scarcity effects – Local experts
According to local stakeholders, the decision to print new naira notes could have occurred via DeFi, involving Nigerians and aiding readiness for the change
Africa’s blockchain journey begins with poverty alleviation – CEO Sumotrust
Africa must erase the poverty in general and help people into the middle class in order to drive faster blockchain technology incorporation.
CBN missed opportunity for blockchain regulation in 2021 – Convexity CEO
Mr. Owonibi stated that a blockchain regulation strategy should have been created by the Central Bank of Nigeria (CBN) in 2021 instead of cutting ties between cryptocurrency exchange firms and local banks.
Nigeria’s Web3 education efforts seek to tackle language challenges
The chief operating officer (COO) of Bitkova Academy, a blockchain education platform, Bello Usman Abdullahi said the language barrier is one of the current major challenges.
99% of Nigerians are crypto aware – Consensys report
A survey featuring respondents from all seven continents of the world suggests that Nigeria has the most crypto-aware populace globally.
Nigeria’s Patricia crypto exchange seeks to explain its token amid confusion
Patricia clarified that it will operate similarly to an IOU (I owe you) document, serving as a means for the exchange to acknowledge its debt to its users.
Nigeria calls on global experts for national AI strategy co-creation
The action will impact how the government formulates inventive technological solutions for critical national challenges.